Question: Are there benefits to buying or selling before the end of the year?
Answer: While there may be certain tax benefits to some individuals for completing a transaction within the current year, there is one thing that is certain: If you are a seller, the buyers who are looking at property in December are serious. Those who look at open houses as a hobby are busy with holiday plans. Most buyers at the end of the year are motivated to make a move.
Traffic through your home may be lighter, but of a higher quality.
If you are a buyer, there aren’t many sellers who are “testing the market” in December.
Likewise, people have better things to do with their time in December, so most sellers are serious if their home is on the market near the holidays.
Keep in mind that these sellers may be ready to make a deal.
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