This week begins the holiday season as we kick off this Thursday with Thanksgiving followed by Black Friday, the day of fantastic holiday shopping deals. If you have been in the market for a home then don’t let the hustle and bustle of the holidays put that goal on the back burner. A seller that has their home on the market during the holidays are truly motivated. That is why is may be a smart time to make a purchase.
This season there is a limited supply and many of the homes that are on the market are priced to sell. If you are a serious buyer you should not worry about intruding on a family during a time reserved for family and friends. If their home is on the market then the owners want sincerely interested buyers to see it. They will be happy to make the appointments. Most sellers tend to avoid this time of year due to the colder weather and shorter days. The ones that have made the decision to sell are serious about their desire and may be more open to negotiations.
A pitfall to buying during this time may be that a blanket of snow is covering the property and you may not be able to see every detail and there may be some hidden defects. Pools may be covered and you may not be able to see the lining and other areas of concern. You can rely on photos taken during an earlier time and the expert opinion of an experienced home inspector.
There may be thoughts of a longer financial process while applying for a mortgage but truth be told the banks are only closed for the same official holidays and don’t close for a longer length of time than any other times of year. People take time off in the summer months as well so don’t let that hold you back. If there is a for sale sign in the lawn then you should treat it as a welcome sign!
I have several quality homes and motivated sellers, give me a call and let’s see if we can’t put a deal together this holiday season!
Beautiful In Line High Ranch in Venetian Shores, untouched by Sandy, no flood insurance required, hardwood floors, stainless appliances, custom touches through out, custom gas fireplace. Asking $379,000
This is a screen shot of our market share in Amityville. We are head and shoulders above the rest in sales! Choose the #1 Real Estate. In this difficult market that is changing on a regular basis patience and perseverance gets us through! We have the most hardworking agents that bring deals to a close. Call me today if you are thinking about buying or selling your home.
Just When You Thought You Had a Break!
There was a law passed called the Mortgage Relief Debt Act that allowed people to not pay income taxes on mortgage debt that was forgiven by their bank. For example, if a seller had a short sale on their home. Let’s just say for example that they owed $330K to the bank but wound up selling for $300K. All of the banks approved the sale and it went through. The seller, according to the Mortgage Relief Act did not have to pay income tax on that 30K difference or the amount that was “forgiven” by the banks. This act expires December, 31, 2013.
What this means is that any person who is currently involved in a short sale, foreclosure or loan modification program will have to pay income taxes on the amount that was forgiven. Although Congress is in the works of trying to extend this law it may or may not be passed by years end. Try to get all of your dealings wrapped up by the deadline so you can take advantage of the relief provided.
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This renovated South Amityville expanded ranch has a new kitchen and bath and features 5 bedrooms and 2 1/2 baths! Almost too good to be true! Nice lot size of 79 x 123 with solid wood floors throughout! Give me a call for an appointment or more information!
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