It goes without saying that the holiday season is one of the busiest times of the year. As you are preparing for parties and shopping for gifts, do you have time to add buying or selling a home to your list of things to do?
Pros and Cons: Holiday Real Estate Deals
Even though it might not seem like the ideal time to move, the are some undeniable benefits of buying or selling a home during the holiday season. Here are a few pros and cons you should consider:
· Pro – Lower Demand: Many other families are waiting until the new year before they start looking at the real estate market. Making your move right now means that demand will be a little lower.
· Pro – Low Interest Rates: Interest rates are at historic lows, but with uncertainty and volatility in our current economy, they could increase in 2022. Acting now could save you tens of thousands of dollars in future interest payments.
· Pro – Year-End Finances: If possible, close on the deal so you can take advantage of financial benefits on your taxes this year. For example, many deductions are available for property taxes, mortgage interest, loan costs, and more.
· Con – Access for Meetings: Schedules can be hit-and-miss because people are traveling or taking time off during the holiday season. Whether you want to schedule a home showing or you need to talk to a builder, it might take a little longer than expected to schedule the appointment.
· Con – Holiday Schedule: Do you have a lot of activities and traditions with the family during this time of year? Then you might not have as much time available to dedicate to the home shopping process. Plus, you’ll need to make sure you have plenty of time and focus on packing and preparing to move when the home is closing.
Real Estate Advice Any Time of Year
Our team at Greenwald & Gerke is here to offer real estate advice throughout the year. If you are looking for assistance with finding the right home for retirement, we invite you to contact us to learn more about our full-service solutions: (844) 782-9674.
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