Wondering when is the best time to buy a new home in San Antonio? Many people think it’s during the spring and summer. But, it turns out that fall may be a great time to make a move. “With an ever-changing housing market, you can never be too certain when it’s the ‘right’ time to buy a home, but purchasing a home before the New Year could offer you more opportunities as a home buyer,” said homebuilder Lennar Homes in their “The Open Door” blog. Let’s take a look at the “perks of buying a home before 2017.”
1. Tax deductions
The tax benefits of homeownership are one of the things former renters appreciate most once they buy a home. And those who buy before the new year “may become eligible for many tax benefits, including maximizing your tax deductions, which can overall help you save,” they said.
Per Realtor.com, You can deduct mortgage interest, property taxes, points on your loan and interest costs” if you close by December 31. Close after that, and you’ll have to wait until next year to claim deductions that can be “significant,” they said, “especially in the early years of your loan when you’re paying off a lot of interest.”
2. Other savings
Interest rates are at historic lows, making homeownership more affordable than almost any time in recent history. You never know when they could go up, and even a small rate hike could take a bite out of your buying power.
3. New home for the holidays
“The holidays can be busy, but what if you could be in your new home before they begin? By opting for a move-in ready home or quick-move in home, you have the opportunity to be in a brand new home right in time for the holidays,” said Lennar.
At Southside masterplanned community Mission del Lago, move-in ready homes in San Antonio are offered in a range of sizes and styles, with prices from the $180,000s. These homes feature three to four bedrooms, one and two stories, open floorplans, chef’s kitchens, modern features, and private yards, and you don’t have to wait through a long construction period to move in and start enjoying them.
4. Motivated Sellers
“Just like most people don’t want to be searching for a home during the holiday season, you might find sellers more motivated than usual to sell their home before the new year, said Lennar. Time:Money added that, “If a home is on the market in December, there’s usually a specific reason sellers are looking to move; it could be a job relocation, financial hardship, or a personal change of circumstance.”
When it comes to new homes in San Antonio, motivation to sell home at the end of the year so they don’t carry over to 2017 may mean a great deal for Southside home buyers. “Not only are individual home sellers motivated, but builders are just as motivated when it comes to selling new homes at the end of the year,” they said. “If you’re looking to buy or build a brand new home, don’t forget to ask about year-end incentives and savings. From closing costs to upgraded features, you might be able to get more bang for your buck at the end of the year!”
For more information about buying a home in San Antonio, visit Mission del Lago. This 800-acre San Antonio golf course community offers homes from D.R. Horton and Lennar and an array of resort amenities including the Mission del Lago Golf Course in a convenient and desirable South San Antonio location.
You can also click below to view move-in ready homes.