4 Reasons You Should Buy A Home At The End of The Year
Posted by Ken Richter on
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…
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