Buying a home during the holiday season can be a smart move — there's often less competition, sellers may be more motivated, and you could close before the new year. But November and December come with one major consideration: holiday closures. From banks to title companies, many of the key players involved in your home purchase operate on limited schedules during the holidays. Understanding how these closures can impact your timeline helps you plan ahead and avoid unnecessary delays.
Here's what you need to know:
1. Fewer Business Days Means Tighter Deadlines
Most banks, government offices, and real estate-related businesses close for major holidays such as Thanksgiving, Christmas, and New Year's Day. Many also shorten their hours on the days surrounding them. While a few days off might not seem significant, those breaks can create bottlenecks in your transaction — especially when you're dealing with multiple parties who all need to coordinate.
For example, if you're waiting for final mortgage approval or a wire transfer from your bank, a closure could push your closing date into the following week. Similarly, title companies and county offices responsible for recording deeds often have reduced staffing or closures during this period, which can delay the official transfer of ownership.
2. There May Be Mortgage Loan Processing Delays
Lenders are typically busier at year-end as they finalize files and prepare reports. Combined with employee vacation schedules and holiday closures, this can lead to slower loan processing times. If you're under contract to close in late December, make sure your lender is aware of your target date and that you've submitted all required documents as early as possible. A missing signature or delayed verification could push your closing into January.
You should also note that wire transfers for closing funds must happen on a business day when the bank is open. If your closing falls right before a long holiday weekend, plan to transfer funds in advance so you're not stuck waiting for banks to reopen.
3. Real Estate and Legal Professionals Take Off
Your real estate agent, attorney, and other professionals may also have limited availability during the holidays. Offices often operate with smaller teams, meaning scheduling inspections, appraisals, and final walkthroughs may take longer than usual. Make scheduling easier by communicating your expectations early and confirming everyone's availability around key holidays.
If your closing date is near Christmas or New Year's, ask your agent and attorney to double-check that everyone involved — including the seller's side — will be present and available to sign documents and complete the transaction.
4. Moving and Utility Companies Could Have Less Availability
Don't forget the logistics of your actual move. Many moving companies book up quickly during late December, when families want to settle before the new year. Others may close for several days around major holidays. To ensure your move will be taken care of, schedule your movers early and confirm your dates in writing.
Utility companies may also take longer to set up service or process transfers during the holiday rush. Contact them well in advance of your move-in date to ensure your home is ready upon your arrival.
Plan Ahead For a Smooth Closing
The key to avoiding holiday-related delays is preparation. For a smooth closing, discuss potential schedule conflicts with your agent and lender, complete all your paperwork early, and verify closing timelines before the holidays arrive. With proactive planning, you can still close on your new home before ringing in the new year — without the stress of unexpected delays.
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