Great reasons to buy a home around the holidays
You might be wondering if buying a home during the holidays is a wise idea. Here are some good reasons to consider buying your home during the holiday months.
Here are five good reasons:
1. December and early January are usually slower for sales and sellers are motivated since they might not have sold the property in earlier months.
2. Rates are the lowest they have been in years and many options
are available, especially for buyers willing to put down 20% or more as a down
payment.
3. There is less competition to deal with which means less stress for you during the holidays.
4. Tax advantages: you may be eligible for deductions on points and mortgage interest if you close by the end of the year. Consult your tax advisor. deduction.
5. Lower prices & lower rates.
You should decide if this is a good time for you to buy. Keep in mind, homes that did not sell over the summer are also available are great deals. Furthermore, pricing might rise again after the New Year, so it might be a good time to find a bargain.
Good luck with your home search.
Buying a home is one of he biggest investments you’ll every make. You will want to protect your investment during the purchase transaction with title insurance.
If you won the land that the house is on, you have a strong right to the property. But if others have rights to it through liens, unpaid taxes, or mining rights, they are also part owners of the property. Even if you know nothing about these risks, as the homeowner you are still vulnerable to such claims on your property.
Title insurance which protects against claims on your real estate by others, requires that certain risks be eliminated before the policy takes effect. It then covers hidden risks thereafter. If you have to go to court in regard to your property, the title insurance company will pay for your legal counsel. If you lose your rights, you should be protected up to the amount of the policy.
Make sure you discuss a title insurance policy with your title company.
When you are ready to buy a home, call me. As your real estate professional, I’ll be happy to help you through the process.
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