Here are five reasons you should buy your new home during the holidays.
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If you are in the market for a new home, you may be wondering when the best time to buy is. Here are five reasons you should purchase your new home during the holidays.
1. There is less market activity. All of the family, school, and work activities happening at this time combined with the colder weather lead to fewer real estate transactions over the holidays. This means there will be less competition to face.
2. Sellers are motivated. People who have their homes on the market at this time often have a great incentive to sell. If their home has been on the market for awhile or they are looking to relocate for a job, they want to get their home sold as soon as possible.
They want to get their home sold as soon as possible.
3. There are potential tax benefits. If you itemize your taxes, you can deduct any points you paid upon closing, as well as property taxes and mortgage interest. This will depend on how many other deductions you have this year, but there’s a chance you’ll have a real advantage.
4. You’ll get a better interest rate. Due to limited demand, there will be more competition among lenders during the holidays.
5. Homes close faster. Lenders want to close their books, agents want to get their commission, and sellers want to move into their new home before the end of the year. You might even get settled into your new home before the holidays!
If you have any questions feel free to give me a call or send me an email. Happy holidays!
