Did you know that buying a house at the end of the year has significant benefits from a financial standpoint?!
Buying a house, especially for a first-time buyer, is scary and honestly overwhelming. While most people are busy focusing their mind and money on the holidays, a home buyer should take full advantage of the benefits of buying a house before Dec 31. Indy Signature Group is here to help you every step of the way. Including giving you the best advice to have your dream home AND SAVE MONEY before the new year!
Here are 3 benefits to buying a house before Dec 31!
1. Tax benefits
Buying before the end of the year= big tax benefits! For one, it can lower your tax liability. When you’re looking at tax deductions, every little bit makes a difference. If you close on or before Dec 31. you are eligible to file for multiple mortgage-related deductions.
Overall, buying at the end of the year gives you the opportunity for tax deductions on mortgage interest, property taxes, interest costs and points…meaning reducing your taxable income by thousands!!!
2. Motivated sellers are more open to negotiate
Let’s face it. The end of the year is hectic, holidays galore and family craziness gets messy! Homeowners are trying to sell before the year ends and tie up all the loose ends (especially financially) for a fresh start into the new year. I mean, who doesn’t want to start the new year with a clean slate!
Homeowners will most likely offer price decreases to sell before the end of the year for their own tax purposes. And even if the asking price is still higher than what you are wanting to invest, you are in a great position to negotiate when submitting an offer. This alone could save you thousands! That beautiful home around the corner you’ve always dreamed about but was way out of what you can afford might just be a possibility now!
Since both the buyer and seller are trying to beat the calendar, you can also look forward to a faster closing and even some decreases in closing costs!
3. Less competition
As people get busy with school, work, and the holidays…sales take a big drop in the fourth quarter! This gives the buyer a HUGE advantage to potentially shave significant amounts off the asking price. There are a lot fewer buyers right now, which puts you, the potential buyer, in a great position!
If not now, when?
In reality, people tend to wait to buy their home for the “perfect” time. News flash! The perfect time doesn’t exist. You will always have to pack and unpack, deal with some paperwork, and look into all listings before making a decision. So, you might as well take the jump before the year ends and take advantage of price deductions, tax deductions, and so much more! Indy Signature Group always has your back and is ready to help you every step of the way! So why wait. Get your dream home the easiest and cheapest way, with our amazing team by your side!
Great! Indy Signature Group specializes in selling homes in or around the Indianapolis area. We consistently sell homes for 98.7% of list price and would love to help! Contact us at 317-912-4910
- Top 50 Team In Indianapolis Area
- Top 10% Team in KW Office
- Sold Over 1,200 Properties in 12 Years
- Top Associate Awards