06 Nov Reasons Buyers purchase homes before year end
There are several reasons buyers may purchase a home before the end of the year,
Although summer may be the busy season, winter is a great opportunity to buy a home especially for renters looking to own.
First, there are tax savings, You can deduct mortgage interest, property taxes, points on loans, and interest costs.
Second, motivated sellers may accept lower bids in order to meet the year end deadline.
Third, the monthly payment goes towards something you own not just something you rent and as an owner you have the freedom to renovate as you please.
Finally, although in the beginning most of your payment goes toward paying off interest on the loan and over time it will go toward paying off the principal.
These are several reasons why people buy homes before the end of the year.
This report was brought to you by Hidden Hills Resident/Realtor, Michael Bloom.
Please don’t hesitate to contact me with all of your real estate needs.
23901 Calabasas Road Suite 1050
Calabasas, Ca 91302