It’s hard to believe that we’re already in the middle of October and that the holiday season will be here before we know it! As we’re enjoying this beautiful time of year in Evanston with the changing leaves and cooling temperatures; we’re also working hard here at Shoreline Property Advisors to ensure you’re fully prepared to navigate the Evanston Real Estate market before the end of the year.
If you’re considering buying a home in Evanston, you may be leery of beginning your search now. You may feel that buying a home during the holiday season is less than ideal; so we wanted to take some time today to show you the benefits of finding and buying your ideal home in Evanston this time of year!
1. Lower Prices- With the lack of people searching during the holidays for a home in Evanston; prices soften a bit. You can view our website to see a list of our current homes on the Evanston Real Estate market! You’ll notice these homes are priced to sell and are a great deal for buyers.
2. Less Competition- Many buyers don’t think to take advantage of house hunting during the holidays, so you’re sure to avoid any bidding wars that would occur at a peak point on the Evanston Real Estate market. This will mean a less stressful home buying experience for you!
3. Motivated Sellers- Sellers dread not being able to sell their homes before the holidays get under way. They’re very aware that most are not in the market to buy a home until Spring rolls around, which means; they’re motivated. They know showings of their home will greatly decrease, so any activity on their home is good news. Oftentimes they’re willing to come down on the price or be flexible with closing dates, and other extras.
4. Favorable Mortgage Terms- Mortgage lenders may be willing to lower interest rates or let go of some of their fees in order to gain your business. With fewer people shopping for homes; they will be experiencing a slower time in their business as well. Be sure to shop around to get the best possible deal. Your Evanston Real Estate agent will help point you in the right direction.
5. Tax Deduction- Closing before the end of the year can mean you are eligible to deduct the interest component of your first monthly mortgage payment from your taxable income for this year. You may also be able to deduct any money you pay for points to reduce your interest rate. Of course you’ll want to consult with an Evanston tax advisor to talk over the full details.
We hope these reasons to buy a home during the holidays boosts your confidence in taking the next step! As always, if you have any questions about living in Evanston, or the home buying process; please contact us today!
We look forward to working with you to ensure you’re in your new Evanston home soon!
Shoreline Property Advisors
@ Prudential Rubloff
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