If you have been debating on purchasing a home this year, here are a couple of reasons why it may be suitable to consider doing so.
1. Tax Incentives
Did you know that buying a home could have potential write-offs, such as interest paid or prepaid taxes points on your loan and interest costs?
Ask your accountant, as each person may vary during tax season; however, buyers see this as a perk.
2. Most folks are busy with the holiday season, allowing less buyer competition.
While others are out shopping and buying gifts, one can negotiate deals that buyers only dream of.
More buying power, with less competition and serious sellers on the market, more room for negotiation.
3. Interest Rate buy-down opportunities - ask me more about this.
4. Builder incentives with inventory homes
It's no surprise builders have been changing their tune. However, end-of-year incentives are at an all-time high, very much in favor of buyers.
5. Consistent Mortgage
You can't control rent, but you can lock in a mortgage! Let that sink in.
6. Paying towards long-term investment.
The market can change, and the economy as well. However, long-term investment in real estate stands the test of time.
7. Homestead Exemption would kick in sooner!
8. Lastly, nothing beats starting the year in a new home.
So make 2023 your year and ring in the new year in your new digs!
Finally, the bonus question is how many of your friends have chatted with you this year about starting their home search next year in 2023.
Hate to break it to you, but overall, realtor consensus stats say that most buyers will start looking in 2023, including investors and large investment corporations. Will this help or hurt your chances of owning a home?
Everyone's decision on timeline and strategy is unique.
If you'd like to talk strategy and what will work best for you, feel free to respond to this email.
