Experts are predicting that the Spring of 2017 will be dominated by first-time homebuyers. If you are thinking of entering the market in the Spring, you may want to consider speeding up your search. December happens to be a great month to buy for several reasons.
First, December is one of the softest months in the real estate market, giving homebuyers an edge over homesellers. This can be the best time for buyers to negotiate a good deal.
Second, home prices tend to take a big jump in the Spring market. By locking in your price now you get all the benefits of the upcoming market appreciation typical of every Spring. There are also some tax benefits if you’re able to close by the end of the year because your mortgage interest and real estate taxes paid at settlement will be a deduction on your 2016 tax return.
Viewing homes in the winter makes a difference, as well. Homes do not show as nicely as they do when everything is in bloom. This gives you a chance to see the home as it truly exists. In addition, when the trees have lost their leaves, one gets a much better sense of the actual view from the houses than you would see in the summer months. This way you know that there are no unsightly views.
Lastly, sellers of homes listed in December tend to be very motivated. As a buyer that may be your best chance to negotiate a better deal than at any other time of the year.
If you’re curious about what’s on the market in your neighborhood, click on the link below to see all the homes for sale: