Author: Lonisa   November 25, 2015

The holiday season might seem like the worst time to buy a house what with the stress of the holiday parties and all of the holiday shopping. With some organization and planning, the purchase of a new home towards the end of the year can be done smoothly. Even with the winter weather and the holiday stress, considering buying a home at the end of the year may be worth your time. Here are some of the benefits you can expect when you decide to buy a home towards the end of the year.

 You can save on taxes. Saving on taxes is probably the biggest benefit of buying a home at the end of the year. You will be entitled to tax deductions that will save you a lot of money, especially when your loan is new and you’re paying off a lot of interest. The first deduction you receive is the closing cost deductions. You’ll be able to claim the points or fees on your new loan, at least for the year that you closed your loan. If you don’t close before the end of the year, you’ll have to wait until next year. There are also the mortgage deductions which will let you deduct your mortgage interest. Finally, you will be able to deduct property taxes.


Sellers will be more motivated. Homeowners who are selling their home are going to want to meet their deadlines by the end of the year so that they also can enjoy tax savings on the new home that they are purchasing. Because sellers are looking to sell their home quickly and before the end of the year, they may be more flexible and willing to accept lower bids.


You can get into your home before the holidays. Even though you may not be completely unpacked and settled in before the holidays, you will at least have the most stressful part over with. You will have everything taken care of and all of your items moved, so that you will be able to enjoy your holidays without stress. Make sure you take your time in unpacking and organizing, and enjoy the holidays.


The weather is only going to get worse. December is only the beginning of the winter months. If you wait any longer, you’ll be into the coldest and most miserable part of the winter. Hopefully moving before the end of the year will mean moving before all of the crazy snow storms hit, making your move even more stressful and difficult.


You can start off the new year with a fresh start. A new year, a new you? How about a new year, a new home? Starting off the new year in a new home will give you the opportunity for a fresh start. Whatever changes you have been wanting to make in your home or in your family routine, will be easier to make in a new home and in a new environment. Start off the year right with resolutions for the new year, including resolutions that involve creating a new and positive home for your family.
Don’t let the stress of the holiday season intimidate you; the benefits that come from buying a home at the end of the year are well worth it. Making sure you stay organized and ahead of the game, will make a purchase of a new home at the end of the new year no different than a purchase at any other time of the year. Start off the new year right with a new home and a little extra cash!