4 Reasons To Buy In December
4 Reasons to buy a home in December...
Best Prices Of The Year
Historically the sales price for a new home is lower in December than at any other time of the year.
While the overall picture for housing is looking strong. Housing and housing prices are expected to rise in 2015, the pace will slow a bit. According to insiders home values will be up approximately 6.4% in 2014, but home values are expected to grow 3% in 2015.
Mortgage Rates Remain Low
While current mortgage rates are currently in the 4% range, rates are expected to creep up to the 5% range by the end of 2015.
That means that you will lose about 11% of your purchasing power by the end of next year.
Since the Holidays are not the ideal time to put their house on the market, most sellers that have homes on the market are very serious about selling their home and moving on.
Regardless of the reason the seller is selling (relocating for a new job, a divorce, a sudden need to downsize). With fewer people looking at homes you the buyer are suddenly in a much stronger position to negotiate a deal on your new home.
Remember that after the Holidays everyone starts to look for ways to lower their tax burden. If you can close on your new home before December 31 there are many tax breaks that will be available to you. Some of these are: you can deduct some of the home purchase costs, including mortgage interest, property taxes and points.
Contact me today if you are serious about either buying or selling a home. I would love to help you find the ideal home for you and your family. Call or register on line today.
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