2 of 10 - ARE YOU BUYING? NOW’S A GOOD TIME - Benefits For Buying At The End Of The Year

November 8, 2006

With mortgage interest rates still hovering around the 6 percent (for 30-year fixed rate) the end of the year is a great time for renters to become homeowners, growing families to move to more accommodating homes, and the Baby Boomers to find homes that fit their evolving lifestyles.Besides the low interest rates, there are additional benefits for purchasing by the end of the year. Here is #2 of 10:

SELLERS MIGHT BE MORE MOTIVATED: Many sellers will also be anxious to sell by the end of the year so that they too, can enjoy tax savings on the next home they purchase. That means you may have more leverage during negotiations and they may be willing to accept lower than their listing price. However, if you’re in a strong seller’s market, you’ll want to be conservative - and always heed the advice the advice of your real estate professional.

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