Are you thinking about buying a home in Southern California? If so, you’re not alone.
Although many people may be postponing their desire to buy a home in SoCal until well after the start of the New Year you shouldn’t wait to buy a home because for these reasons:
#1 – Most Buyers Will Still Be On Vacation in January
There’s no denying that December is one of the busiest months of the year thanks to the Christmas and New Year’s holidays but January can be even busier because many people choose January as their month to get away for cruises and other vacations that they can’t take any other time of the year.
This means less competition for you because with fewer buyers searching for homes you will stand a greater chance of having the offer you make on a home accepted.
#2 – Low Mortgage Interest Rates
Yes, we are still enjoying historically low mortgage interest rates but, those rates “could” go up any time since Federal Reserve Chairwoman Janet Yellen is facing increased pressure to raise them.
Before mortgage interest rates increase you should get pre-qualified for a mortgage loan and lock in a low rate so you can buy the home of your dreams in Southern California.
#3 – More Sellers Are Motivated To Sell
Last of all, but most important, another great reason to buy a home in Southern California at the start of the New Year is that more sellers will be motivated to sell their homes after facing little to no interest from buyers over the last 2 months thanks to the holidays.
You can use this to your advantage by being ready to buy a home at the start of the New Year while other buyers are planning on resuming their home buying activities in the spring.
Contact Fred Sed Realty
To learn more reasons why you should buy a home during the New Year in Southern California contact Fred Sed Realty today by calling us at (800)921-9231 or connect with us through our website.