If a new home is on your wish list this holiday season, you’re in luck! There are plenty of reasons to buy a home this time of year, just some of which we highlight below...
Perhaps one of the biggest draws for new buyers is the potential for getting in on a tax break. New buyers may be able to write off some home buying expenses, plus things like real estate taxes, mortgage interest and PMI premiums all count as tax-deductible.
Sellers Are Motivated
New buyers may also come across some motivated sellers close to the end of the year. Because a seller may be in a hurry to move out, you may be able to negotiate more than you would during other times of the year.
Less Buyer Competition
That goes hand in hand with less competition in the home buying market. Because less people are likely looking for a new home right now, it could give you an edge to get into the home you want, without worrying about getting into a bidding war.