Thinking about buying a home this holiday season? While most people are focused on turkey dinners and gift shopping, savvy buyers know this time of year can be packed with perks. Here's why shopping for a home during the holidays could be your best move yet.
Good news! Mortgage rates have eased slightly from last year. As of November 27, 2024, the average 30-year fixed rate is 6.81%, down from 7.22% a year ago. While rates are still on the higher side historically, this dip can make a difference for your budget. Pro tip: Lock in your rate now before any potential changes in the new year.
Holiday months mean fewer buyers in the market. Why? People are busy with travel, celebrations, and gift-giving. For you, that means less competition for your dream home. Imagine finding the perfect property without having to battle multiple offers!
Sellers listing their homes this time of year are serious. Whether they’re relocating for a job or needing to move by year’s end, they’re often more willing to negotiate. You could score a great deal just by being ready to buy when others are taking a break.
Speaking of deals, homes that have been sitting on the market for a while might see price drops as sellers become eager to close before the new year. Plus, with fewer bidding wars, you have a better chance to get the home you want at a price you’ll love.
Did you know buying a home before December 31 could save you money on your taxes? You may be able to deduct mortgage interest, property taxes, and even some closing costs. It's like a holiday bonus for becoming a homeowner!
Buying a home during the holidays might not be traditional, but it can be surprisingly rewarding. With less competition, motivated sellers, and potential savings on taxes and rates, now could be the perfect time to make your move. Contact us to get started.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 1614643
For licensing Informmation go to:
www.nmlsconsumeraccess.org
State of Illinois, Division of Banking
Illinois Department of Financial and Professional Regulation (IDFPR)
555 West Monroe Street, 5th Floor
Chicago, IL 60661
Telephone Number: 1-888-473-4858
6515 Stanley Ave. Suite 2
BERWYN, Illinois 60402
Phone: (773) 720-4971
mauricio_echavarri@outlook.com
The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this communnity, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encourage. You may obtain a copy of our evaluation once the Department completes our first evaluation. You may also submit a signed, written comments about our performance in meeting community financial services needs to the Department. We will update this notice when our first evaluation has been issue.
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