The holiday season (November -through January) is a great time to find a bargain on a home, so instead of hitting the malls, you might want to take advantage of the slower market and talk to one of our Real Estate agents.

Home sales peak from spring through summer in most states. As the weather turns colder and kitchens everywhere begin churning out a series of holiday feasts, people become too preoccupied with the festivities to go house hunting. However, the slower market has its advantages.

Supply and demand.
With fewer home buyers demanding a dream house and plenty of listings still sitting on the market, prices tend to be reduced.
Sellers may be motivated to make a deal, especially if the house has been on the market for a while.
You are less likely to enter a bidding war with other potential home buyers, which could increase the cost.

Better interest rates.
Lower demand also affects mortgage lenders.
You may get a better interest rate or see fewer mortgage-related fees at the closing table.

Tax deduction.
If you close on or before December 31, you may be able to deduct the interest on your 1st monthly mortgage payment from your taxable income.
You may also be able to deduct any money you pay for points to reduce the interest rate on your loan.
Your tax advisor can go over exactly what deductions you can claim.

HAPPY HOLIDAYS from the staff at Alpine Lakes Real Estate!