Buying a property at the beginning of the year seems like a great idea, right? It’s the perfect way to start the year: new home, new life, new beginnings. It also comes with awesome benefits that you won’t simply say no to. Below are some examples.
Excited sellers
Sellers and developers are excited to make a sale right away at the beginning of the year. Because of this, they are willing to offer properties in smaller amounts. It’s their way in making sure that all the back logs from the last year are being wiped off so that they can start anew.
More promos
New year promos are also everywhere during this season. Lowered down payments, smaller interest rates, discounts – look for something that you want and you’ll surely get it. Banks also offer promos on their housing programs and loans so applying for one during January is much smarter.
Further tax deductions
Another advantage of buying property at the beginning of the year is the pleasure of having many tax deductions. When you buy a property as early as January and February, you will have the benefit to maximize your tax deductions since it’s only the beginning of the year.
Less competition
People do not scout properties at the beginning of the year. Home buyers are still in the stage of saving money so they can acquire one at the second quarter. Less competition means sellers are willing to lower the price of the property just to make a sale. You’ll also get the chance to get the property that you really want and desire.
Gaining equity
Your credit score and equity will look incredible. Paying it off at the beginning of the year means most of it will go to your principal or savings. It will make your credit score look golden when the time comes.
It’s the best way to start the year
As mentioned, nothing beats the feeling of starting the new year in a new home. You’ll have the chance to make new memories and hit restart to finally attain a better you.
What are you waiting for? Go to our portal and check out our properties that will definitely make your new year super special.