IT’S THE MOST WONDERFUL TIME OF THE YEAR…. to buy a house.
For most people, the holiday season is such a blur that buying a house is the farthest thing from their minds. Which is good news for YOU. While the holiday season is not a traditionally popular time to buy a home, it is certainly one of the smartest! Let’s explore some of the perks to buying a home during the most wonderful time of the year.
LOW RATES. First and foremost, interest rates are still at historic lows, so it just makes sense to jump on it right now. We can’t predict how long these rates will last, so why not take advantage of them while they’re so low?
LESS COMPETITION. Simply put, there are fewer people looking for homes. Fewer buyers means less competition and more negotiating power. This is a great time to find a serious seller along with serious savings. If you are looking to buy a new construction, builders are often adding a number of incentives and significant savings for closing before the year-end.
TAX BENEFITS. AND if you close on a home before the end of the year, you could be eligible for some sweet tax deductions: mortgage interest, property taxes, interest costs and points, which can reduce your taxable income by thousands. This is especially helpful if you’re self-employed and need every deduction possible.
SALES. Let’s be real: Who doesn’t love a slightly discounted Black Friday TV that you’ve waited in line two days for? I’m a Cyber Monday girl, myself. But seriously, furniture, electronics, seasonal items like patio furniture, will all be on sale just in time to furnish your new home. And speaking of sales: It’s a slow time for moving companies, so you’ll likely find some pretty sweet deals there, too.
TIME. Since you will probably have some extra days off for holidays, or you have some vacation or personal leave you need to use before the year end, or you’re just snowed in for a few days, this time of year gives you more time to unpack and get your home feeling complete and settled before Spring.
So, if you’re thinking you might need to upsize or downsize or… whatever size… in the near future, go ahead and get pre-approved now so you’re ready when that perfect home pops up on the market. And why not treat yourself to a new home? IT’S THE HOLIDAYS!