One of the most common questions surrounding purchasing a home is, “When is the right time to buy?” While each time of year has its own unique benefits, today we’re discussing the primary benefits of buying a home in Q4.
Less Competition
One of the biggest things to consider when buying a home in Q4 is that many families with school-age children are looking to buy in the summer months since their children are out of school. This presents a great opportunity for young families or empty nesters to get one of our new homes in Dripping Springs without having to compete with as many buyers.
Beating Potential Interest Rates Hike
Every homebuyer knows that you want to get the best mortgage rate that you can and buying a home in Q4 can help make that happen. Now, interest rates don’t always increase with the new year, so it is important to be aware of the current financial climate. However, if you suspect that interest rates are likely going to go up, which an increase is expected for 2019, then you’ll want to hop on one of our new homes in Dripping Springs before this rates rise.
Tax Breaks
If you’re able to close before December 31, you may get a nice write off on your taxes. Both mortgage interest and property taxes are deductible from gross income. Also, if you prepay some interest before your first payment’s due date, that interest can also be deducted. All of this can make a serious difference in the amount you owe the government at the end of the year.
If you’ve been looking at homes near Austin or, more specifically, our new homes in Dripping Springs at Caliterra, you can get some major benefits by buying a home in Q4. If you’d like to learn more about any potential incentives the Caliterra homebuilders may have for the end of the year, don’t hesitate to contact us or to reach out to the homebuilders directly. Visit our inventory page to see all our available new homes in Dripping Springs.
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