December is a big shopping month so is it a good time to buy real estate also? Many people do enjoying buying during the holidays while some do so purely out of need, but at any rate there are some positives to choosing to buy a new home during the holidays.
Tax Savings. Closing on your new home by Deceber 31st means you can deduct mortgage interest, property taxes and points on your loan on this year’s income taxes return.- Sellers are more motivated. With inventory still on the market, many sellers will also be anxious to sell by the end of the year so they can start fresh in their new home/location.
- If you are buying a new home, there is a chance builders will be offering incentives. Many builders will offer extras to sell as many houses as they can by the end of the year.
- Your housing choices during December are still relatively plentiful.
- It’s easier to move. Many moving companies are booked six or so weeks in advance during the busy summer months. In the winter it is normally easier to secure the services of a moving company on shorter notice.
- A new home for the holidays. The holiday season is a great time to celebrate your new home with family and friends.
- If you buy a home this year you will be able to homestead it on January 1 and it will save you money on your taxes.
- Rates are at an all-time low giving you more purchasing power to buy your home right now.
- Home prices are still fairly low and sellers are competitive. With our strong negotiations you will be able to get a good deal on your new home now!
- You know a couple successful Realtors on the Marr Team that can give you all the information you need to make the best decision for your family and help you accomplish your real estate goals! Rates are low and prices are great – call us today!