Benefits of Buying a New Home Before Year End
If you’re in the market for a new construction home, there’s no better time to make your move than at the end of the year. While the holiday season may seem busy, it’s also packed with unique opportunities for buyers looking for homes in Midlothian VA and the surrounding area.
A job change is one of the most typical reasons for buying a home at this time of year. Yet there are tax benefits that come from closing by December 31, whether you’re moving or just want to take advantage of various financial perks. By closing before the end of the year, you may be able to deduct property taxes and possibly closing costs. In addition, you can make these financial claims on this year’s taxes, rather than having to wait a year.
Another benefit of buying at the end of the year are the attractive incentives such as price reductions or help with closing costs. Now, through January 31, 2025, we’re offering some great closing-cost incentives when you work with one of our preferred lenders. These perks can be a significant help in making the home buying process more affordable.
Mortgage rates fluctuate, but there have been drops in the latter part of the year. Rather than risk rates going up, or home prices increasing, you may want to lock in the current rate now for your mortgage as significant reductions are not expected any time soon. If rates were to drop significantly, there’s always the option of refinancing.
Another reason to act now on a home you want is the lack of competition. If you’re looking for a brand new home in an attractive community, get ahead of the pack and get the home and community location you want now, rather than risking it being snapped up come spring or summer when more people are looking. This reduced competition gives you a better chance of securing your ideal home.
If you’re looking to purchase a home due to a sudden move, as with a job change, but want a new-construction home, you may be in luck. We have some quick move-in homes available that allow you to skip the wait for construction while still enjoying all the benefits of a brand-new home.
Purchasing one of the homes in Midlothian VA and the surrounding area at the end of the year allows you to start the new year in a new space tailored to your lifestyle. It’s a chance to set down roots and embrace a fresh chapter in a home that meets your needs. Take advantage of the unique opportunities the year’s end offers, and make your dream of owning one of our new construction homes a reality by reaching out and contacting us today!
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