If you hurry, there’s still time to buy a home in Edmond before the holidays. Besides having Santa come to a new place, I can think of 4 more reasons the end of the year is a good time to buy a home.
- Tax breaks, if you itemize your return you might be able to claim deductions associated with a home purchase including points, interest, and property tax
- Sellers in the marketplace are very motivated and there’s less competition from other buyers. In the Edmond market, 22% of the listings now available came on the market during the summer (between May and July). By now, these homeowners are ready to tap out.
- Builder incentives, to clear their books many builders may offer incentives for everything from upgrades to closing costs to buyers who will close before the end of the year.
- With over 1000 active listings within the Edmond Public Schools boundaries, there are plenty of homes to choose from (even for the pickiest of buyers)
To be in a new home before December 25th, you will want to be in a contract to buy in the next ten days. To be in a new home before December 31st, you will want to be in a contract before Thanksgiving. To make sure you stick to your timeline, work with an awesome LOCAL lender and remember the Do’s and Don’t During the Mortgage Process!