When the pumpkins are lit and the ghouls roam the neighborhoods, it might not seem like the ideal time to think about buying a home. But don’t be spooked by the season—Halloween can be a surprisingly good time to discover some treats in the housing market. Here’s why navigating the homebuying and mortgage process now can lead to more treats than tricks.
1. Less Competition
Treat: Fewer Buyers on the Prowl
Fall generally sees a slowdown in the housing market, as many potential buyers have already settled in before the new school year. This decrease in buyer activity during Halloween means you’re less likely to encounter bidding wars and overzealous competition. With fewer buyers haunting the market, you can take a bit more time to consider your options without the fear of someone else snatching up your dream home.
2. Motivated Sellers
Treat: Eager Home Sellers
Sellers who list their homes during the fall, particularly around Halloween, are often motivated to move their properties before the holiday season and the end of the year. This urgency can translate into spooktacular deals for buyers, as sellers might be more willing to negotiate on price, closing costs, and other terms. It’s a perfect time to hunt for houses that have been on the market since Summer and whose owners are ready to make a deal.
3. Favorable Prices
Treat: Less Frightening Prices
With the peak buying season in the rearview mirror, home prices tend to stabilize or even drop slightly compared to the summer months. This can be a major treat for buyers looking to get more house for their money. The cooler months ahead often bring cooler prices, making your homebuying experience a bit less frightening financially.
4. Year-End Tax Breaks
Treat: Tax Advantages Before Year’s End
Buying a home before the year’s end can bring significant tax perks. From mortgage interest deductions to property tax deductions and even points purchased to lower your interest rate, these can all be deducted on this year’s tax return. Consult with a tax advisor to understand all the potential tax treats you can enjoy when purchasing a home around Halloween.
5. Faster Closings
Treat: Quicker Move-Ins
Since all parties involved—real estate agents, lenders, inspectors—are likely wrapping up their annual targets, there’s a collective effort to expedite the closing process. This means you can potentially move into your new home faster than at peak times, allowing you to enjoy the holiday season in your new surroundings.
This Halloween, don’t let the ghost stories scare you away from the homebuying process. With fewer competitors, motivated sellers, and potential financial perks, it might just be the best time to find a deal that’s all treat and no trick. Grab your pumpkin spice latte, and let’s get house hunting—this season might just hold the keys to your new home.
For more information about Choice Mortgage Group, visit www.choicemortgage.com.
Choice Mortgage Group
2424 N Federal Hwy, Suite 100 Boca Raton, FL 33431
(561) 395-6900
info@choicemortgage.com
