Planning to Buy in December from Plano IL Real Estate Agent

Plano IL real estate agent on buying in December

December is no doubt the busiest time of the year. The holidays provide us with excitement, family gatherings, and often require a lot of preparation. So, why would anyone want to take on the endeavor of purchasing a house during this time of year? Well, if you want low competition, tax benefits, and sellers that really want to sell to you, this could be the best time to buy. Plano IL real estate agent Lauralee McElroy has some great information about some of the top reasons to buy in December.


The reality is that most potential buyers do not want to go house hunting during the holiday season. There is just too much to do. This can be a benefit to you if you are willing to do the search. The competition for the house you love will most likely be significantly less during the holiday season. Not only will you find a lack of motivation among other buyers, but you will likely find a lot of motivation from sellers. They know that they will have less interest in their property during this season, therefore they might be more interested in negotiating a good deal for you. Working through these negotiations is a significant part of offering services as a Plano IL real estate agent. You can ask for a lower listing price and ask for a closing date of your choosing.

Tax Benefits

The tax benefit to buying in December is often an attractive feature to buyers. If you are able to close by the end of the year, you will be able to get a deduction for the interest on your mortgage, as well as, your property taxes. Other interest costs and any points on your loan can also be deducted. Helping buyers as a Plano IL real estate agent means finding ways like these to save them money. In the first several years of your loan payment, you are mostly paying interest, so these deductions can be very helpful.

Getting a Loan

One last benefit to buying in December is that your chances of getting a loan increase. Typically, mortgage brokers have less business during this time of year, making them more motivated to offer incentives and even take away fees. The amount of time it will take for the underwriting will be short. This can give you leverage in negotiating a lower listing price because you can offer a close in less than thirty days. For more information on buying a house, contact Plano IL real estate agent Lauralee McElroy.