December Real Estate News
December REAL ESTATE NEWS From The Horne Team NV Lic. S.0176870 & S.0181892
December The holidays are upon us. This year’s gatherings will be different to say the least. Stay safe, vaccines are on the way. Next year at this time we should be back to normal, whatever that means. Whoever said that Real Estate was slow during the holidays haven't been in our shoes. Every year it gets busier during the holidays and this year is no exception. It’s cold at night, but Real Estate is hot. These record low interest rates have things popping and everyone is trying to buy before we see what 2021 brings. If you are thinking of selling Inventory is low. Things are moving fast for top dollar. If you want to know what your home is worth in this market, just text or email us for a free market analysis. Have a Happy Holiday season, Glen and Sandy
Why The Holidays Are A Great Time To Buy Everybody knows the holidays are a great time to spend time with family, but it’s also a great time to snag some great real estate deals. Whether you’re a real estate investor or simply a savvy home buyer, here are five ways to use holiday home buying trends to your advantage and secure a great deal before the apple drops in Times Square. 1. Less is more (especially when it comes to inventory) If there’s one undeniable truth about the holidays, it’s that real estate inventory is limited during the holiday months. There’s simply less real estate activity — less people selling less homes — during the holidays. 2. The power of a motivated seller Webster’s Dictionary defines “leverage” as the ability to “use something to maximum advantage.” And when it comes to buying real estate during the holidays, there may be no bigger form of leverage than the motivation of sellers. If someone is selling a home during the holidays, chances are, they have a compelling reason to do so. This can be for a variety of reasons: impending job relocation, unexpected event in the family, the desire to be in that new 3,500-square foot house by Christmas. 3. Tax benefits This particular advantage will, obviously, depend on your particular financial situation, and what your tax liability looks like for the current calendar year. But closing on the purchase of a property, in the waning months of a year, can give you major tax advantages heading into the following year. Speak with your accountant.
4. Lower interest rates Buying real estate in the holiday months does not guarantee your purchase will be secured with a lower interest rate. As anybody with even a modicum of real estate experience knows, interest rates fluctuate and aren’t easily predicted based on the time of year. But, historically, interest rates tend to be lower during the holidays. 5. Faster closing Home sellers aren’t the only motivated folks involved in the home buying process during the holiday months. Lenders, brokers, realtors — even inspectors — are often motivated to get a deal done before the end of the year. This can bring welcome focus and speed to a process that can take longer in non-holiday months. Most parties involved in a home buying transaction have incentives to finalize the deal as soon as possible. Lenders want to close their books, agents want their commission, and sellers want to, frankly, move on.
Article Excerpts Courtesy of Fortunebuilder.com