Christmas Guide

5 Reasons Why the Best Month to Buy a House Is in the -Ber Period

We explain why this period is the best time to buy a house. Read on.

By: Antonette Louise Guiao | September 16, 2019
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best month to buy a house

Even buying a house has a perfect timing.

There is a perfect time for everything: whether it is your best friend’s wedding or buying a new house. Yes, you read that right—there is a best time to buy a house. It isn’t as simple as you may think. Investing in a new property means putting in maximum efforts, for it can be one of the most life-changing and biggest decisions that you will ever make.

The process you will go through can be very stressful, not to mention the massive amount of cash that you will have to put down for it. This is why knowing the best month to buy a house can be very beneficial. And you’d be surprised to hear that during the holiday season a.k.a. the –ber months is actually the best month to buy a house! If you’re wondering why, read on to find out!

1. The interest rates are at their lowest.

best time to buy a house

Banks are the ones who usually charge interest rates from borrowers.

When it comes to borrowing money to make big purchases like new property, doing so from a bank is a secure choice. In order for banks to profit from the loans they give out, they charge borrowers with an interest rate that is a bit higher. An interest rate is the percentage of the principal which is charged by a bank for the use of its money. Meanwhile, the principal is the amount of money lent.

It is easier and cheaper to borrow money from banks for financing property investment when interest rates are low. The lower the interest rate, the more encouraging it is for people to borrow money. Luckily, interest rates are lower during the –ber months due to limited demand, making it a cheap and perfect season for house loans.

2. There is only a small pool of buyers.


Buying a new house on the holidays seems like a big of a chore for most people.

Most people are busy celebrating the holidays during the –ber months and the last thing that they want to do during that season is buy a new property. Instead of buying a new house, they would rather buy something new for the house. Not many people are willing to spend their time off work looking for a new place to call home.

When the number of buyers is low, it is easier to negotiate prices and terms with investors. Considering the fact that not many people sell their houses during the holidays, it also means that buyers don’t have lots of houses to choose from. This isn’t exactly a major obstacle in real estate because for buyers and sellers alike, it means less competition.

3. People have money during the holiday season.

home buying tips

People usually receive massive amounts of money during the holidays.

The –ber months isn’t just the time for holidays and family get-togethers, but it is also the time for benefits such as bonuses and 13th month pays. This extra cash is usually spent shopping for new items, from Christmas decorations, new clothes, gifts, to even new houses!

Since people have more buying power during this time of the year, they are more than willing to invest their cash. Holiday bonuses can also add to the money saved up for a new house. Moreover, since it’s almost the end of the year, the bills to pay are fewer. In essence, buying a new house is generally more motivating (and easier!) when you have more money.

4. There are more tax benefits.

tips for buying a house

There are many tax advantages when you purchase a house during the –ber months.

A tax deduction or discount isn’t the main reason for people to buy new property, but it can be one of the many factors that they consider when doing so. Moreover, because there are only a few people buying properties during this time of the year, there is a tendency for sellers to give more discounts in order to attract more buyers and meet their annual targets as well.

Tax benefits such as discounts on property taxes and even tax exemptions are some of the many perks that you can itemize upon purchasing new property during the holidays, and it can even help you save up for the next year. Nobody is hurrying you to settle a deal for a new house before the year ends, but considering these benefits is a great financial action if you’re thinking about investing your money on property.

5. The temperature is cooler and better for house-hunting.

best month to buy a house

Searching for a new house during the cold season is more beneficial than you think!

The Philippines is a tropical country. When it is sunny, the temperature rises to a relatively high level, so most people may find going out uncomfortable. But during the –ber months, the temperature drops to a cooler level, making it easier and more comfortable to accomplish tasks such as house-hunting.

Looking for a new property during the cold weather also has lots of advantages. You can see the real state of the house and some of its issues, such as cold rooms or jammed doors, that you would have only during the cold weather. You can also see the issues that are only brought about by rains like leaky roofs and damaged ceilings. In the long run, you will be able to save on house maintenance and renovation.

While some may firmly believe that there is no such thing as perfect timing and you only have to make the timing perfect, it wouldn’t hurt to try house searching during the –ber months, right?

Make sure to check out to see more real estate tips and tricks!

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About Antonette Louise Guiao
Antonette is a writer, a night owl, an extrovert, and a BTS ARMY. Her spare time is consumed by drawing digital vector art, sleeping, binge-watching Netflix series, and learning how to cook. An adventurer by heart, she aspires to travel the world with her family, try extreme outdoor activities, and taste all sorts of food in different countries.
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Disclaimer: All articles in the Consumers Magazine of Yoorekka are for general information and entertainment purposes only. Although careful research has been made in writing them, Yoorekka does not make any warranty about the completeness and accuracy of all information presented in our articles. Our content is not intended to be used in place of legal, medical, or any professional advice.
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