Palm Beach County Holiday Season brings “No Place Like (a new) Home”

Lorea Thomson
Posted by Lorea Thomson
Updated on
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Published in Communities

 Bing Crosby said it best: “There’s no place like home for the holidays”. What about a new home for the holidays? If you’ve been looking for a new home in Palm Beach County now is a great time to get the house you’ve had your eye on.

Some folks think this time of year is not ideal with back to back holidays, family and traditions. However, other knowledgeable home buyers know that this is fantastic time to pick up great housing deals. According to the National Association of Realtors, real estate agents report that November through February is an opportunist chance to purchase real estate.  This time of year brings in buyers who know they’re in for an exciting deal by acquiring property when no one else considers the opportunity.

Amongst other things, interest rates are at an all-time low right now. Historically, they dip even lower in December and January when there is less competition for the same properties. There is nothing worse than entering a bidding war over a house you’ve got your heart set on. When it comes to financing a new home, mortgage lenders are historically a tad bit more flexible during this time. They see a slowdown this time of year, so they’re more motivated to offer you a little leniency. They want to get as many loans on the book as possible and closes the year strong. Let's not forget the year end tax advantages as well.  Consider this holiday period to be a unique opportunity give yourself the gift of a new home.  

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