Tis' The Season To Buy a New Home
December 6, 2012
Buying a home around the holidays may seem counter intuitive, but actually it's a great time to find a new home. With buyer and builder confidence on the rise, many builders are releasing new communities and new floor plans as the market continues to improve. Here are several reasons why this is the season to shop for a new home: Low Interest Rates - The interest rates are still at an all time low and make the holidays a great time to buy because you'll be able to afford more house for the same mortgage. Holiday Slow Down - The holidays are traditionally a slower time period for new home sales as travel, gift giving, and holiday time take a back seat to home searching. There is less competition for more desirable homes. Take advantage of this lack of competition and find the home of your dreams. Tax Deductions - Most settlement costs paid out to lenders, mortgage brokers, and agents are tax deductible in the year the payments are made. This means you'll reap some tax rewards on your returns for the closing year. These three reasons create a world of possibilities to begin making new holiday memories in your new home.