With Thanksgiving just around the corner, many of us are anticipating the festive holiday season! It’s hard to believe that soon this year will be coming to a close, yet there’s still time to jump into the North Shore Real Estate market if you’re hoping to buy a North Shore home before the end of the year!
Buyers oftentimes will feel that their best bet is to hold off until the spring because of the holiday season. However, there are those that find themselves needing to purchase a North Shore home now and, in fact, it can be a great time to do so!
Here are a few of the perks of buying a North Shore home during the holidays!
1. Lower Pricing- With the lack of people searching during the holidays for a home in the North Shore; prices soften a bit. You can view my website, www.JanieBress.com, to see a list of my current North Shore homes for sale. You’ll notice these homes are priced to sell and are a great deal for buyers.
2. Less Competition- Many buyers don’t think to take advantage of house hunting during the holidays, so you’re sure to avoid any bidding wars that would occur at a peak point on the North Shore Real Estate market. This will mean a less stressful home buying experience for you!
3. Motivated Sellers- Sellers dread not being able to sell their homes before the holidays get under way. They’re very aware that most are not in the market to buy a home until Spring rolls around, which means; they’re motivated. They know showings of their home will greatly decrease, so any activity on their home is good news. Oftentimes they’re willing to come down on the price or be flexible with closing dates, and other extras.
4. Favorable Mortgage Terms- Mortgage lenders may be willing to lower interest rates or let go of some of their fees in order to gain your business. With fewer people shopping for homes; they will be experiencing a slower time in their business as well. Be sure to shop around to get the best possible deal. Your North Shore Real Estate agent will help point you in the right direction.
5. Tax Deduction- Closing before the end of the year can mean you are eligible to deduct the interest component of your first monthly mortgage payment from your taxable income for this year. You may also be able to deduct any money you pay for points to reduce your interest rate. Of course you’ll want to consult with a North Shore tax advisor to talk over the full details.
Hopefully these perks will help you take the next step in your North Shore home search this holiday season!
I’m always available to answer your questions and, as an experienced North Shore Real Estate agent, can walk you through the home buying process with ease! Contact me today to get started!
Janie Bress
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