Potential Savings on Mortgage Rates: Fewer buyers during the holiday season can lead to better mortgage rates and significant savings.
Tax Benefits of Closing Before Year-End: Learn how closing by December 31st unlocks tax advantages like mortgage interest deductions and homeowner’s exemptions.
Faster Closing Process: Discover how year-end urgency from professionals can help you close on your new home quickly and enjoy the holidays stress-free.
If you’re wondering when the best time is to buy a new home, it may surprise you to find out that it is actually during the holiday season in November and December! Not only will you all be in a festive mood, but you are more likely to get better deals during this time! And to top it off, you are guaranteed to be rewarded with the best gift ever – a new home!
If you’re in the market for a new home, there is no need to wait until the new year after the holidays! In fact, shopping for your dream home during the holiday season can often be a win-win situation for home buyers in a variety of ways. Here are a few reasons why the holidays offer great buying opportunities and why it may be a smart financial move for you to go house shopping this holiday season.
During the holidays, home buyers will find that they have less competition in the housing market. This means no bidding wars or over-asking price offers and often allows buyers to have their choice of available homes without excessive stress and the disappointment of not securing the home you’d like.
Those who choose to sell their homes during the holidays are typically more motivated to get it sold. Listing at this time of the year means there is likely a reason for their move that could be time-sensitive, such as a job relocation or enrolling children in a new school. This means you may have a better chance of negotiating a good deal on your new home and saving money.
Since buyer demand is usually slower during the holidays, home prices may decrease a bit during the season before increasing again in time for the spring buyer rush. In addition, home sellers who have had their house listed for a while may be willing to reduce the price to get it sold so they can move on and avoid carrying costs.
There is no better incentive to buy a home than a great interest rate on a mortgage! Interest rates tend to drop a bit during the holidays due to the fact that there are not as many people looking to buy homes at that time of the year. This could result in substantial savings on your mortgage rate during this time.
Selling a home before the end of the year offers a variety of tax advantages for sellers. Some closing fees are tax-deductible which can help save money. In addition, many states offer a homeowner’s tax exemption for those who close by December 31st. Other tax benefits of buying a new home before year-end include mortgage interest deduction, energy tax credits, capital gains exclusion, points deduction, property tax deduction, moving expenses for your job, and more!
Most professionals involved in the home buying process want to close their books and wrap up existing transactions before the end of the fiscal year on December 31st. It is likely that everyone from your Realtor to your mortgage lender will be working hard to finish the closing process on the home so that everyone can complete the transaction and enjoy the holidays.
Are you ready for the best holiday gift ever this year? A new home will certainly make it a merry and bright holiday season and Finex is ready to help! Our team of mortgage experts can assist you with the mortgage process and allow you to enjoy a stress-free financing experience with Finex. Here are some of the perks of using Finex for your home mortgage.
100% Home Loan Financing Options
Fixed and Variable Rate Home Loans
Take advantage of Our Mortgage Rate Buy-Down Promotion
Streamlined Mortgage Process
Competitive Rates
Expert Home Mortgage Advice
…and so much more!
If you're ready to start shopping for a new home before the holidays this year, we invite you to contact us today to learn more about how Finex can help make your dream of owning a home come true this holiday season! Apply today, and you could be celebrating with friends and family this year in your new home!
