Buying a house at the end of the year is considered by some to be a smart move for several reasons. While there are no hard and fast rules about when to buy a house, there are some times in the year when there are factors that favor buyers. December may be one such month.
In December, you will definitely have less competition from other prospective home buyers. There are just fewer people who want to buy property at the end of the year. This may be due to other concerns like holiday buying, end of the year business, or planning for family get-together’s, or it could be due to weather concerns. Whatever the reason, there is a higher chance you will have less competition. Interest rates may also be lower than that of spring rates. While a lot of folks take days off, there may also be brokers that want or need to close sales making them eager to meet with you and to close a deal.
So if you really want to try for bargains and really want to find the house regardless of the time of year, try doing some house hunting and buying at the end of the year.