3 Reasons to Buy Your Home in the Winter
There are actually many benefits to buying a home before the end of the year.
You likely don’t associate winter with being the best season to purchase a home, but there are actually many benefits to buying a home before the end of the year. Here are a few of them:
The housing market is driven by supply and demand. There are naturally fewer buyers in the winter months, so you will likely see home prices drop and motivated sellers ready to make a deal.
Another benefit of a slower market is that the closing process moves quickly. Fewer mortgage applications means brokers and banks can move your application along faster.
Finally, purchasing a home during the holiday season can also come with a tax break . Depending on your local laws, buying a home in the winter may help you claim a few more months of tax deductions.
For more information on purchasing or financing a new home*, contact your local Vectra Bank representative.
*Credit approval required. Terms and conditions apply. See banker for details. Equal Housing Lender. NMLS #467014