BY CONNIE QUTUB
The holidays months might be quieter in the real estate world, but they bring unique advantages to home buyers:

  • Less Competition: With fewer buyers in the market, you’ll find it easier to discover your perfect home without the usual rush
  • Motivated sellers: this can translate into better negotiating power for you, making it possible to secure a great deal
  • Tax advantages: completing a purchase before the year ends might offer tax benefits, such as potential deductions.

If a new home is at the top of your holiday wish list, now could be a strategic time to explore your options

For Buyers:

Leverage with Contingencies: Buyers may have more room to negotiate on contingencies, inspections, or repairs compared to the busier summer season.
Potential Price Adjustments: With the possibility of fewer active buyers, homes that have been on the market for a while may see price reductions, making it an attractive time to purchase.

For Sellers:

Serious Buyers: Fall often brings out motivated buyers who are serious about purchasing, as casual shoppers have typically left the market.
Seasonal Curb Appeal: Columbus’s autumn scenery can enhance curb appeal, with colorful trees and mild weather creating an inviting atmosphere for home showings, though we are starting to lose some leaves as we head into December.
Reduced Inventory Competition: The number of homes on the market often declines after summer, so sellers who list now may face less competition and stand out to motivated buyers.
Favorable Market Conditions: If interest rates remain stable, the Columbus market may still favor sellers, as demand from buyers remains strong, especially in sought-after neighborhoods.
Move Before the Holidays: October is a great time for sellers aiming to close before the end of the year, offering a smoother transition before the busy holiday season and winter weather.

Both buyers and sellers can leverage these seasonal trends to negotiate better terms, making November and December advantageous months for real estate activity in Columbus.

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