The Advantage of Buying a Home Right Before Year’s End

When people start to think about buying a home, they normally opt for the springtime to be their point of entry. After all, everyone knows that the spring and summer are the busiest times of the year for the real estate market. Everyone wants to move during their summer holiday, when the weather is warm, and the market is booming. However, these people are overlooking the value of waiting for winter. More specifically, for right before the end of the year...

Buying a home now, at year's end, comes with many benefits. Here are some top ones, according to

  • Builder Upgrades: "If you’re buying a house that is brand new, there’s a good chance builders may push to close the books on their year—and meet quotas. They may offer upgrades or little extras to sell houses before the calendar turns."
  • Moving Availability: "Many moving companies are booked six weeks or more in advance during the busy summer months. In the fall and winter, it’s normally easier to secure the services of a moving company or rental equipment on shorter notice."
  • Tax Savings: "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."
  • Motivated Sellers: "Many sellers want to enjoy tax savings on the next home they purchase. They may accept lower bids in order to meet deadlines."

While it may seem like one more big 'to-do' on your Christmas checklist, there is a lot of value to buying a home now. You'll have time to get settled before going back to work and school, and talk about one big Christmas gift! If you can do it, it's worth trying.

Are you ready to make your move? Contact Team Ken Richter today at 403-630-6363.

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Posted by Ken Richter on


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