Nobody thinks of winter being a great season to buy a house. Summer is the busiest season, fall offers some great choices, and even October and November are known to be great months to go house hunting. But people underestimate the winter. Here are 5 beneficial reasons why you should consider buying a home before the year ends brought to you by Realtor:
Closing before December 31st deducts mortgage interest, property taxes, interest costs, and points of your loan. When you’re paying off interest in the first few years of your loan, these deductions can really make a big difference!
Motivation to sell
A lot of people selling their homes are looking for the sa me thing you as a buyer is looking for, tax savings on the home they purchase. They might accept lower bids just so that they can meet the December 31st deadline and save for themselves.
If you’re in the market for a brand new house, you may have a good chance of builders pushing to close the books on the year and meeting quotas. This could mean there is a higher chance of them offering upgrades or extra incentives to sell these houses before the next year.
Because winter isn’t usually the prime season for home buying, moving companies and rental equipment won’t be in demand. During the busy months, they could be booked six or more weeks in advance. This helps out a lot during your chaotic move.
The feeling of owning
Buying a home offers the simple benefit of finally living in something you own. When renting, you’re paying every month for something that isn’t really yours. Paying towards something you own just feels a lot better and is an investment.
- I am originally from Albany, New York but I attend Roger Williams University and plan to graduate May 2015. My major is Media Communications with a minor in Graphic Design. I also studied at National University of Ireland, Galway in the spring of 2014 where I declared a second minor in International Studies.