For those of you who have been waiting on the sidelines, just waiting for that perfect time to purchase a home, now may the time you’ve been waiting for.
Many homebuyers look during the spring and summer months, as this is usually the time when the kids are out of school and the weather is pleasant. However, if you have the flexibility of moving during the fall and early winter then you may be privy to a wide array of perks that many homebuyers simply do not consider.
There are many benefits to purchasing a home at the end of the year, and 2009 is no exception.
1.Those sellers that so desperately wanted to sell in the summer, but didn’t, are now more anxious than ever to sell their home at year’s end. If a seller’s home has been sitting on the market through the spring and summer months, chances are that he is more than willing to offer buyer incentives and a reduced home price.
2.If you close on your new home by December 31, you can deduct all of the closing costs and property taxes on your federal income tax return. This is often a huge deal for homebuyers who just spent a considerable amount of their nest egg on a new home.
3.Many home builders offer fantastic incentives in an effort to move their inventory before year’s end, thereby giving you a clear advantage when purchasing a new Las Colinas home during this time.
4.Many sellers, in anticipation of a large tax deduction if they purchase another home before year’s end, will offer better deals to homebuyers during this time.
5.There is still likely a large number of homes on the market in Las Colinas during October and November before things slow down in December.
6.The new homebuyer tax credit of up to $8,000 is available until the end of the year, thereby presenting homebuyers with a unique - and very lucrative - opportunity come tax time.
7.You will likely get much better deals on moving services during the end of the year, as most companies are looking for business after the summer rush ends.
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