Every year there are better times than others to buy a home. And who would?ve thought the holiday season would be prime buying time? Well, if find yourself knee deep in house hunting materials read on; there are some definite advantages to pulling the trigger on a home purchase during the upcoming months.
1.) People are preoccupied. Think you just can?t handle the stress of entertaining out of town guests while still looking for your dream house? That?s what everyone else thinks too! People that have been house hunting for months will be taking a much needed break right around this time and if you can stick it out you can capitalize on their weariness.
2.) People are strapped for cash. Buying a home typically requires a large down-payment, and between purchasing holiday decorations, thanksgiving feast supplies and Christmas presents, everyone?s savings can start to take a bit of a hit, meaning the thought of putting $10,000 down on a new home might seem like a bad idea at the moment. Many people choose to wait a few months after the holiday season to build their savings back up and then make an offer. But if you?re smart and choose to stay within your holiday budget, your down payment will be ripe for the plucking.
3.) Motivated sellers. Just as people are going to be too busy to worry about buying a house, sellers will also be too busy to worry about selling it. With all the added stress, they are often just excited to get it over and done with, meaning they will be willing to accept much lower offers than during another time of the year. They might even be willing to throw in added bonuses, like appliances or window dressings just to speed things along.
4.) Lenders are foaming at the mouth. Less homes being bought and sold during this time of the year means lenders are receiving less business, and less business means they?re willing to go the extra mile to get yours. You could be looking at a lower interest rate or fewer fees in general, and who doesn?t love that?
5.) Tax benefits.? December 31st is fast approaching, but if you?re able to close before then you could be eligible for some substantial tax benefits. The interest element of your first monthly mortgage payment may be eligible for a tax reduction. Plus, anything you pay could be used as deduction points to reduce your loan interest rate. You should consult and experienced tax advisor to see what you would qualify for in your state, of course, but be aware of the potential tax benefits.
In the end, it?s tough to decide when it?s right to buy a home. There are so many factors that need to come together; it?s easy to see why anyone would be stressed! But just because things may get hectic around the holidays, don?t rule it out; you just might be able to find your pot of gold when everyone else stops looking!
Source: http://www.ardorny.com/blog/index.php/2012/11/why-you-should-buy-a-home-during-the-holidays/
dancing with the stars cast mickael pietrus heart transplant the international preppers geraldo obama trayvon martin
No comments:
Post a Comment