If you're finally ready to buy your first home, you may think that you should wait until the new year to start the process. But, that's not necessarily the case. In fact, there are actually numerous benefits to be had by purchasing your new home at the end of the year instead. Before you decide to wait until the new year to enter the real estate market, read the information provided below.
Take Advantage of Foul-Weather Inspections
When you buy an existing home, you want to avoid getting stuck with roofing or heating problems. Unfortunately, those issues are difficult to identify. But if you buy your home at the end of the year, you can take full advantage of the weather. While the weather is cold, homeowners will have their heaters on, which means you'll be able to feel the airflow during your tour. You'll also be able to see any fresh wet spots on the ceilings.
Take Advantage of Negotiating Power
If you don't want to compete for your home and you want to get an upper hand on the negotiations, buy a home at the end of the year. Most people will wait until the new year to buy a home, which means the competition will be limited. Because of that, you'll be at an advantage when it comes to negotiating a better price on the house you like.
Take Advantage of Move-In Incentives
If you plan to buy a home in a development, winter is the perfect time to start the buying process. Many developers offer move-in incentives for new home buyers. Some of those incentives include reduced down payments and shorter escrow periods. You might even be able to get them to throw in some added incentives, such as a home warranty protection plan.
Take Advantage of Vacation Time
If you want to give yourself some extra time to get your move situated, now's the best time to buy a new home. This is especially true if you plan to take a few weeks off for your holiday vacation. Those holiday vacation days will allow you to take care of your move without losing out on paid workdays.
Don't miss an opportunity to buy your new home during the best time of the year. Now that you have plans to buy a new home, don't wait until next year. Buy your home at the end of this year, and reap the benefits described above. To get help finding new homes for sale, talk to a real estate agent.