Thursday, November 29, 2018 / by Bret Johnson
There are three reasons why this December is a great time to buy or sell a home.
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Whether you’re a buyer or a seller, this December is a great opportunity to make your move in our market, and there are three reasons why.
First, you can take advantage of various tax breaks by closing before the end of the year. If you’re a seller, closing costs and home improvements are good write-offs you can take advantage of. If you’re a buyer, closing before the end of the year gives great incentives for next year’s taxes. Be sure to speak with your CPA if you want to know about all the tax advantages of buying or selling before 2019 hits.
Second, there’s less competition and people are more serious about their intentions. From the seller’s perspective, most other sellers prefer to put their home on the market after the holiday season is over. From the buyer’s perspective, sellers who’ve listed their homes right now are way more serious about getting it sold; otherwise, they would’ve just waited until next year just like everyone else. This means you have a better chance of negotiating a good deal.
Third, you can get good discounts on home improvements. If you’re a buyer, there are plenty of washers, dryers, refrigerators, and other appliances you can certainly get a good discount on this time of year. If you’re a seller and you need to do some work to your home during the inspection period, you can get some good discounts on contractors and building materials.
If you have any more questions about the benefits of buying or selling in December or you have any other real estate needs, don’t hesitate to reach out to me. I’d be happy to help you.