Holiday house hunting could have benefits

Holiday house hunting could have benefits

Holiday house hunting could have benefits
The weekend after Thanksgiving is often the time that homeowners climb in to their attics to bring down the inflatable snowman or open up boxes to find cords of tangled Christmas lights. While most people don’t associate the holidays with home buying and selling, some experts suggest it is the ideal time to make a move.

Competition for homes is often less during the holidays, giving buyers an advantage when house hunts. Sellers are also treated to more attention on their properties because there are few homes on the market.

Christmas decorations are often used as a way to attract buyers. Tasteful holiday décor can help prospective buyers living in the home themselves and give the impression that a seller cares for the home enough to adorn it with lights.

Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 2.875 percent and 15-year rates are near 2.25 percent.

Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.