So you are considering buying a land property during the holiday season?
I’ve got good news for you! The holiday season can prove to be one of the best moments to purchase your property and here are some reasons why!
Summer season
Great weather, easy due diligence on the property, and great lighting with lots of sun will ease your analysis phase. Great visibility, no slippery roads and no snow.
Property prices during the summer period are mostly higher than in winter, this is mostly due to increased demand for purchasing the properties. The majority of people have more time to visit the property during vacation or do a weekend trip. Also, it’s easy to get inspired by beautiful holiday destinations and decide to purchase land in the region they've just spent vacationing in. People mostly use the time to plan their new property, get necessary permits, financing, and purchase land. Here the processing time for development-related services is much longer, therefore it’s important to plan.
Autumn & Thanksgiving
For this reason, purchasing the property after summer vacation in autumn proves to be a better moment should you be willing to wait and have a greater chance to negotiate the pricing.
The period around Thanksgiving proves to be a busy one. Some people might still be looking for property but the majority will postpone their planning for later. Some companies might be offering great deals on Black Friday just before the Winter finally reduces the demand. If you are willing to sacrifice your holiday spirit this period could be a real opportunity to get yourself a great land deal in exceptional locations.
Christmas and New Years
A few weeks before Christmas some people are interested in buying land to tick off another achievement of the current year or to surprise their loved ones.
Most professional builders and developers are much less seasonal and they know that the prices in autumn and winter are lower with more choices and better offers to grab exactly when the majority are not shopping.
In addition, the real advantage comes with a survey, perc test, getting permits and construction planning, etc. as the lower season provides faster processing times.
Shortly before the holiday season, the demand is strongly reduced, this is your moment to shine and find your dream lot as special property deals come to life and you have a great chance to negotiate your deal. Realtors and Investment Companies are striving to meet their end-of-the-year targets, so it’s your time to get a great land deal!
January to April
The demand is stable, slowly growing, the land market remains offering more choice and you can find great deals.
Keep in mind that once spring break knocks on the door, the situation will change as most people get active and start searching for that lot of their dreams.
Being active during the off-season proves to be a great time to find your plot of land or acreage. This contrarian thinking and acting will bring you many advantages and you will have more land and lot options at hand to choose from.
Whatever period it may be, buying land during the holiday season is a smart investment. It proves to be a great time to find your plot of land or acreage. You could take advantage of some of the fantastic deals it could offer, potential tax advantages, better interest rates and faster closing.
In the end, it is the freedom to create the property that best suits your needs and wants that matters.
