With everything that happens around the holidays, a new home likely isn’t topping your shopping list. It might seem most logical to wait until Spring, long heralded as prime “real estate season” across the nation. While the holidays are undoubtedly busy, the experts at realtor.com recommend that it might be a worthwhile time to consider adding shopping for a new home onto your schedule of festivities. Let’s explore a few of the reasons why:
1.) Motivated sellers. 2021 has been unique in many ways. As we enter the winter months there is typically a dip in market activity but this year the real estate market is still bustling, particularly in terms of available inventory. Spring of this year had many unknowns and wasn’t the typical busy real estate season. Fast forward six months to the holidays and home builders still may have available homes that they are eager to sell—this could translate to potential savings for you. For builders that operate their budget on a calendar year, it is not uncommon for them to have move-in ready homes they want off of their books by year end. This results in great deals for new home buyers. Who needs the scramble of Black Friday when you can save big on one of the largest investments you will ever make?
2.) Less competition in the form of other home buyers. Most of your fellow new home shoppers are likely busy with typical holiday activities. This means there are fewer potential buyers touring new neighborhoods and writing new home purchase agreements during the holiday season. This results in less competition for particular homes and ensures you’ll get the full attention of the onsite sales counselor. Along this line of thought…since the holiday’s this year might look a little different, you might find yourself attending fewer large holiday gatherings and investing less time in readying your house for out-of-town guest. Use that spare time to peruse available new homes.
3.) Industry professionals are more available. Since many homebuyers are not out shopping for a new house this time of year that makes a lot of typically busy professionals more available. This is true of realtors, inspectors, movers, and mortgage brokers. Chances are you will get extra great service as these individuals and companies will be particularly grateful for your business.
4.) A realistic picture of what you are buying. For starters, it is a good time of year for home inspectors to spot issues specific to the cold that they might miss during the summer months. And while the winter months in Charleston boast some pretty good weather, it is true that the grass isn’t quite as green and colorful blooms aren’t adding that extra pop of color. You are essentially seeing what your home looks like without make-up… Imagine what a nice surprise it will be in the spring to see your home in beautiful weather and with a lush yard.
5.) Compelling tax advantages. Particularly if this will be your first new home, you might not be aware of some the great advantages of home ownership that boost its appeal as an investment. You can deduct mortgage insurance, property taxes and some of your closing fees. For 2021 federal taxes, you are allowed up to $10,000 in tax deductions for property taxes and up to $750,000 in mortgage interest. The sooner you close on your new home, the sooner you’ll be able to take advantage of these tax benefits.
Ready to make the move & start shopping for a new home? Go directly to the known sources: Charleston New Homes Guide’s website (see Resources >
Neighborhood Promotions), your local Realtor or to builder’s websites. How do you know about special deals for year end? Charleston New Homes Guide has a variety of avenues to ensure you’re in the loop with the latest updates…keep it social on
Facebook or receive
email updates directly to your inbox with the Charleston New Home Market Watch, Virtual Open Houses and real-time flash sales.
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