Tis the season for... buying a new home?
Here is a hot insiders tip about the real estate market: buying a home right before the end of the year has major benefits. Here are three:
1). Tax Savings: Realtor.com puts it this way, “if you close by December 31, you can deduct mortgage interest, property taxes, points on your loan and interest costs. These deductions are significant, especially in the early years of your loan when you’re paying off a lot of interest.” What’s not to love?
2). Motivated Builders & Sellers: Sellers and builders will want to close a deal before the end of the end of the year. For sellers, this is so that they too can take advantage of tax breaks on their home. For builders, they will want to close on as many properties as possible to make their year-end books look better. This means you can negotiate better deals and potentially close with added bonus’.
3). Available Resources: The summer is incredibly busy for movers, cleaners and renovators. This means that for people looking to use these resources in the summer, they may have to wait longer and book in advance or may not be able to book anything. The winter months are so much slower for companies, so it is a great time to book with them and have your pick of times and dates. They too may offer incentives to help them do more business in the slower month
4). Good Timing: Winter break is when most people have extra vacation days and kids have a mid-year break, making transferring locations fairly uncomplicated. It is much easier for you to make a big transition during a break instead of during the business of year.
If you're looking to buy or sell, please get in touch with us! Now is a great time to move up. Treat yourself to an early Christmas gift.
Have you taken a moment to browse our current listings? We have a wide variety of property types available, from luxury infills to beginner's condos. With something for everyone, you are sure to find the perfect fit. View all of our listings here and please contact us at 403-630-6363 to set up a showing!
Your Real Estate Professional,