Experts Agree: Winter May Be the Best Time to Shop for a New Home
Though shopping for a new home during the winter months is not the kind of holiday shopping most people have in mind, two real estate experts make a number of strong points why winter may just be the best time of the year to shop for a new home.
John Adams, who regularly provides Inside Advice for The Atlanta Journal-Constitution, outlines a number of reasons in his November column Winter is best time to go house-hunting on Page D2 of Sunday, November 29, 2015 issue of The Atlanta Journal-Constitution. Robyn Woodman mentions additional reasons in her Trulia.com article, 7 Surprisingly Smart Reasons to Buy a House in December: http://www.trulia.com/blog/when-to-buy-a-house-reasons-to-buy-a-house-in-december/
To recap why December (and January) might indeed be ‘the most wonderful time of the year’ to go house shopping, consider some of these experts’ reasons:
Motivated sellers: Most people who put their home on the market in December and January have a specific reason to sell. In addition, there are fewer buyers in the market place, and because, as Adams notes: ‘…the available pool of prospective buyers is smaller, each offer is considered serious.’
Homes are priced to sell, and buyers may be in a stronger position to negotiate.
Year-end tax benefits – when buyers are able to close by Dec 31, they can deduct costs such as property taxes, mortgage interest, origination points on their loan, and interest costs. Notes Woodman: “These deductions can be huge money savers, especially in the early years of your loan when you’re paying off interest.”
Vendors have more time – real estate agents, home inspectors, lenders, attorneys, moving companies, contractors and repairmen are less busy during the winter months. Buyers may get preferred timeslots or a better deal than they would in spring.
Nasty weather – a good thing for homebuyers: “You’ll get to see the heating, plumbing, insulation, roof and gutters in action,” according to Adams. “(…) winter is a good time to find out if everything works.”
Builder incentives – the slower winter months may be the perfect time to purchase a new construction home. For instance, Lennar Atlanta, a division of Lennar (NYSE:LEN), the second-largest homebuilder in the U.S., celebrates ‘Blue Christmas’ by offering a total of $1.2M in year-end holiday savings on beautiful new homes ranging from the $200s to the $600s in 18 different communities in Cherokee, Cobb, Forsyth, North Fulton and Gwinnett.
During Lennar Atlanta’s 2015 Blue Christmas event, homebuyers who decide to purchase one of the more than 30 select Lennar Atlanta move-in ready homes by January 3, 2016 may save up to $68,000 on their new Atlanta-area home.
For more information about any Lennar Atlanta community, please call 404-931-7462 or visit www.LennarAtlanta.com – and make sure to check out the various innovative floor plans offered by Lennar Atlanta.
PURCHASE INCENTIVE: Save up to $68,000 on select homes as determined by Lennar, for contracts written by 01/03/2016. Lennar reserves the right to cancel promotion at any time. Promotion offer may not be available in all communities, and is valid only on featured homes as determined by Lennar, is not valid with any other offer, and is subject to change or substitution without notice. Offer and incentives are subject to certain terms, conditions and restrictions which may include use of designated lenders and closing agents. Plans and elevations are artist’s renderings and may contain options or features which are not standard on all models. Models shown do not reflect any ethnic/racial preference. Features vary by community, and prices, features, specifications, and purchase incentive are subject to change without notice. See a Lennar New Home Consultant for details. Copyright © 2015 Lennar Corporation. All rights reserved. Lennar, the Lennar logo and Everything’s Included logo are registered service marks or service marks of Lennar Corporation and/or its subsidiaries. 11/15
Lennar Corp., (NYSE: LEN), founded in 1954 and headquartered in Miami, is one of the nation’s leading builders of quality homes for all generations. Building homes in 18 states, Lennar offers affordable, move-up and retirement homes in communities that cater to almost any lifestyle. For more information about Lennar, visit www.lennar.com.
About Lennar Atlanta
Since 2010, Lennar Atlanta, part of Lennar Corp. (NYSE: LEN), one of the leading new homebuilders in the US, has completed more than 1,200 new single family residences and townhomes in 35+ communities throughout the greater metropolitan Atlanta area and Georgia. Based in Roswell, the Lennar Atlanta team is led by Todd Jones, Lennar Atlanta Division President.
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