5 reasons why buying during the holidays makes great sense
As the temperatures start to dip in Nebraska and the holiday season is almost upon us (can you believe it!?), you’ll start seeing your neighbors putting up Christmas lights.
Let’s be real: Many buyers and sellers usually focus on the holiday season and getting back their real estate aspirations, but there are actually a lot of reasons you should consider getting in touch with us at Aksarben Mortgage now and forgo taking a break from your homeownership dreams. Here are our top five:
1. Less competition from other buyers
For one, the fourth quarter is historically slower than the rest of the year for many realtors.
More importantly, most people aren’t usually looking to buy a house during the holiday season.
With family gatherings to plan and to attend, shopping obligations and other festive activities, house hunting tends to fall by the wayside this time of year. That means you won’t have to drop everything to view a house and make an offer or fear losing it before you have a chance to see it.
2. Lower interest rates are possible
Interest rates on mortgages and loans go through all sorts of cycles, but typically around the holidays, they hit a lower point because fewer people are looking to borrow. Contact one of our talented advisers at Aksarben Mortgage, as we’re always watching the trends and happy to share information with you so you can apply for a mortgage at exactly the right time.
3. The season of giving could result in a sweet deal for you
Since the holiday season is not ideal for sellers, you’ll more than likely find that the homes on the market need to sell. With this in mind and people being a tad more generous this time of year, you might be able to negotiate a lower price or get certain things included in your buying cost (we’re talking to you those who need that extra push to stop renting and make the leap to homeownership). Just remember: Be prepared to move quickly so you can close before Jan. 1!
That leads into our next point. If you buy a home before the end of the year and close by Dec. 31, you can lower your tax liability with mortgage-related deductions. These deductions include property taxes, mortgage interest, and interest costs. This can reduce your taxable income and maybe even save you hundreds! Who doesn’t love saving money?!
5. Sellers want to be done
We've all got a lot going on during the holidays. Generally speaking, everyone wants to just wrap things up before Christmas. So, you'll likely find that real estate agents and sellers are willing to work with you even more so to move along the process. That could mean a faster closing process, which obviously can benefit you to finish before the end of the year because of, you know, the tax incentives we previously mentioned.
Give yourself the ultimate holiday gift in the form of a new home. Contact us today so we can help you get the process started!
* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.