*Synced from Seattle and Real Estate Blog Although sales are historically down during the last few months of every year, there are certainly some noteworthy perks to the home search during the holiday season. Here are a few reasons a new home should be on your wish list for Santa this year.
Did you know home prices are generally listed lower in December, than they are throughout the rest of the year? There are several reasons for home affordability increasing this month, and low mortgage rates is another factor in your favor. Mortgage rates are around or just under 4%, and according to Zillow estimates, are expected to jump to 5% by this time next year. If you wait just one more year to purchase the same home, your monthly mortgage payment could increase significantly. This isn’t to say that you should buy a home now if you’re not ready; buying a home is a huge commitment, and knowing when you’re ready and able to purchase is essential. It is also worth noting that if Seller’s are listing their home during the holidays, they are usually very serious about selling their home. Maybe they recently received a new job and need to relocate before the end of the year. Their lack of time is your gain – and you can also lower your tax bill for the year if you close on your new home by Dec 31st. For more information on homes for sale in the Seattle area, contact your local real estate agent today.
4 comments:
Hay varias razones por las que la accesibilidad del hogar está aumentando este mes, y las tasas de interés bajas también son un factor a su favor. La tasa de préstamos hipotecarios es de alrededor del 4 % actualmente, y se espera que aumente hasta el 5 % en el próximo año, según las estimaciones de Zillow. Your monthly mortgage payment could increase significantly if you wait just one more year to purchase the same home. ¡Sigue con tu excelente trabajo! I look forward to seeing more fascinating factoids from your point of view in the future. ¡Muchas gracias por tu contribución!
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This month, there are a number of factors contributing to the rise in housing affordability, including low loan rates. According to Zillow estimates, the mortgage loan rate is currently at about 4% and is anticipated to increase to 5% in the upcoming year. Waiting only one extra year to buy the same house could result in a large rise in your monthly mortgage payment. Continue your fantastic effort! I hope to see more interesting facts from your perspective in the future. I sincerely appreciate your contribution!VA Code 18.2-58
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