Black Friday is Not the Best Time to Buy a House

Posted by Dwane Crews on Monday, November 26th, 2018 at 10:03am.

Black Friday is Not the Best Time to Buy a House

Black Friday is the biggest shopping day of the year. People line up for hours to get crazy deals on electronics, toys and more. Although it’s a big day for retail stores, Black Friday is not the best day to buy a house.

According to an article on Realtors.com, researchers found the day after Thanksgiving is a great day for retail deals. They've discovered that home shoppers should actually wait until Dec. 26 to get the best deal on a house. Closing on Dec. 26 can mean really great things for your bank account. Statistically speaking, on that day, you’ll spend approximately $2,500 less. This number comes from a report from ATTOM Data Solutions.

As a whole, December is the best time of the year to buy a house. ATTOM Data Solutions found that all of the other best days to buy a house are all in December. Aside from Dec. 26, the next best day to make your house purchase is Dec. 7. On that day, you’ll save approximately $2,000. On Dec. 4, you’ll spend $1,823 less and on Dec. 29 you’ll spend $1,320. If you can’t make any of those days your closing date, Dec. 21 is the other. On that day, if you purchase a house, you’ll save $1,223.

Check out the full report from ATTOM Data Solutions and read the full article on Realtor.com.

Remember these dates and contact your Synergy Realty Network agent to assist you in buying your dream home. If you’re not shopping for a house on Black Friday but instead shopping for your home decor, check out these home decor deals.

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