Holiday House Hunting

Black Friday may be over, but there are still many bargains to be had out there.  While your list of gifts to buy may be long, don’t forget to buy yourself a little something for your troubles.  Consider Christmas shopping for a home over the holidays.  This time of year is traditionally a slow time when it comes to home sales because people are busier with their holiday plans.  While everyone else is at home trimming the tree or sipping egg nog, you can be out there looking for a home with a lot less stress and competition.  Selling a home over the holidays is tough, so if a home is for sale during this time, you know that the seller is extremely motivated.  This means they are much more likely to negotiate, especially when yours may be the only offer on the table.  Another important fact to consider is that when it comes to real estate, December has the record for being the month with the lowest home prices than any other month of the year. 

Besides bargain prices and motivated sellers, one of the best reasons to shop for a home during the holiday season is that it could be a potential way to reduce your tax bill.  If you close on a home late December or in January, you could possibly get a huge break.  Everyone’s tax situation is different and you need to consult your personal tax consultant, however, you could potentially be able to deduct your mortgage interest, property taxes, points, and other costs associated with purchasing your home.  So, drop the garland, put the egg nog in the refrigerator, and get shopping, for a home for the holidays.