Musings from a life of chances and changes
The leaves are falling and an occasional snowflake has made its appearance. Bracing for the frigid temperatures it would seem counterintuitive that fall is the best time to buy real estate. Long gone is the common wisdom that the fall is "off season." Before you hybernate, I urge you to complete your real estate transaction before January 1. The advantages to buying now is well-deserved. Once you see the benefits to buying your dream home in the fall, you will be convinced to buy now.
How can anyone quarrel with finding a way to save tax dollars? If you buy your home before January 1st, you will be able to deduct mortgage interest and property taxes, even with the new tax reforms. Caveat: Deductions are not relevant unless you itemize. Check with your personal tax professional.
Most buyers that want to complete a move-in before the school year begins are not competing with you. This marketplace enables fall buyers to negotiate with sellers who may be worn out by the spring and summer market. Although inventory of homes on the market is lower, there are still many viable options, with less demand. Purchasing now gives you a better chance to avoid a bidding war for your dream home and the slow down in the market gives you an edge.
Sellers with homes left over from the spring and summer are more motivated to sell for less. Typically, you will see major price deductions during the fall as sellers want to move on for their own reasons. Take advantage of the slower pace and make a well-reasoned decision on your home purchase.
Home Improvement Sales
Buying furniture, paint, appliances and other household necessities are more affordable before the end of the year. The gift giving season offers deals on home improvement itemd to make your new home complete will be easier.
While others are waiting for the intense spring real estate market to find their new home, you can find a sweet deal without the same competitive hassels. Buying your home now seems like the best holiday gift ever!s as retailers entice shoppers with sales during the holidays. Finding the items you nee
Judi Berger is an attorney and real estate broker who is blogging as she begins a new chapter in her life.