Last week, we posted a blog on selling a home during the holidays. Today, we want to focus on buyers who are starting or continuing their home searches through the season. While the Charleston real estate market certainly slows down during Christmas time, it does not stall completely. In fact, there are savvy buyers out there who realize that they might actually have an advantage when it comes to negotiating this time of year. That’s especially important right now since inventory has been down this year, making it a seller’s market.
It’s possible that a lot of sellers might not allow showings during the holidays, so if you’re looking for a great deal on a home, your options could be limited. This could work in your favor, though. Sellers who do allow showings this time of year are probably more motivated than those who do not. If a seller is under pressure, chances are they’re willing to negotiate. It’s a great time to take advantage of sellers’ urgency. As an added bonus, people seem to be more generous this time of year. You could come out on top with a deal you might not have a chance at once the new year rolls around.
The moral of the story? Don't discount Christmas as a bad time to buy. An amazing opportunity could be waiting for you.
Have you had experience with buying or selling a home during the holidays? What are some of the advantages and disadvantages you've run into? Tell us in the comments section below!