Winter season is a great time to buy. Less competition and motivated sellers,

December 2024 Newsletter for Potential Homebuyers
Helping You Navigate the Homebuying Process This Winter

Seasonal Insights: Why Winter Can Be a Great Time to Buy a Home

While spring and summer are peak buying seasons, December offers unique opportunities for savvy homebuyers:

• Less Competition: Many buyers pause their searches during the holidays, which can mean fewer bidding wars.
• Motivated Sellers: Sellers looking to close before year-end may be more willing to negotiate.
• Potential Savings: Historically, home prices tend to dip slightly during the winter months.

Take advantage of the quieter market to find your dream home at a potentially better price.

Market Snapshot: Mortgage Rates and Housing Trends

Mortgage rates in December 2024 remain stable, averaging around 6.98% for 30-year fixed-rate loans.

• What's Driving Rates? The strong jobs report and expectations of steady economic growth are keeping rates from dropping significantly.
• Good News: If inflation continues to cool and the Federal Reserve considers more rate cuts in early 2025, rates could ease further.

Pro Tips for December Homebuyers

1. Get Pre-Approved: Stand out to sellers with a mortgage pre-approval, showing you're a serious buyer.
2. Inspect for Winter Damage: Look for issues like roof leaks, frozen pipes, or inadequate insulation when viewing homes.
3. Negotiate Smartly: With less demand, you may have more room to negotiate on price, closing costs, or repairs.

Homebuyer Resource Spotlight

• Down Payment Assistance: Ask about our FHA Grant program (3.5%).
• Tax Advantages: Buying before year-end could allow you to claim deductions on mortgage interest and property taxes for 2024.

FAQs of the Month

Q: Should I wait until spring to buy?
A: Not necessarily. Winter may provide better deals and less competition, but it depends on your financial readiness and housing preferences.

Q: What’s the first step to buying?
A: Start by assessing your budget and getting pre-approved for a mortgage. This gives you a clear picture of what you can afford.

Contact Us

Ready to start your home search and get Pre-approved? Reach out today!
📞 720-936-6755
📧 chad@lendingquarters.com
🌐 lendingquarters.com

Make this December the month you take your first step toward homeownership! Have questions or need personalized advice? We're here to help.