Make the Holiday Season A Home Buying Season – 4 Reasons to Buy Now

Category: Real Estate News and posted on December 23rd, 2011

Holiday house shopping for South Florida Real Estate

You’ve gotta love this time of year. Everybody’s putting their wish lists together for the holidays – hoping for everything from the biggest TV to the cutest socks. But if you are in the market for a new home, before you submit your final draft, consider adding “South Florida Luxury Real Estate” to your list.

Buy now, you ask? Absolutely! Despite the fact that many homebuyers put their house shopping on hold to focus on holiday fun, now is the perfect time to check out the homes just begging a visit from you.

Here are 4 reasons why you should buy now:

1. It’s still a buyer’s market. As we round out 2011, sellers are more motivated than ever to part with their homes. When you add in the holiday time factor where buyer traffic is traditionally less, some sellers will drop their prices even more to attract attention.

And because less inventory goes on the market this time of year, it’s often largely a reflection of how eager sellers are to get the process rolling. It’s a fairly tight window, as the market and prices tend to pick up after the New Year. So consider making a move sooner rather than later.

2. You get first pick of the cream of the crop. Just like you thought before you read this article, most home buyers aren’t concentrating on finding that new home because of the holidays and have shelved their house hunting. That gives you more opportunity to find gems that might otherwise have been snatched up.

Want to find the best choices available now? Check out our Florida real estate listings for the finest available luxury real estate on the market.

3. Low Interest rates make financing more fun. Mortgage rates still continue to be the lowest in years. In fact, they’ve hit record lows. Add to that the historical dips in rates in December and January and it’s hard to think why you shouldn’t buy now.

We do suggest that if you are seriously considering that perfect luxury home soon, be sure to get your financing in order before you submit an offer to expedite the process.

4. Year-end tax benefits are hard to ignore. Want to keep more money in your pocket next year? If you close before the end of this year, you may be able to deduct the interest for your first mortgage payment from your 2011 taxable income. Other deductions could include the price you pay for any point reductions for your interest rates.

Of course, everyone’s situation is different. Be sure to contact a tax professional to discuss your unique circumstances.

Need another reason to put on your home shopping shoes? Think about the fun of ringing in the New Year in a home that offers years of holiday celebrations ahead – the thought alone will surely beat any items you can add to your list.

posted by Steve Gunn

This entry was posted on Friday, December 23rd, 2011 at 10:12 am and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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