We’re already approaching the midpoint of October which means that in two more months 2008 will be coming to a close during the winter season. Time has shown that around this time buying Bellevue Washington real estate tends to decrease in activity, usually relegated to active seasons like spring and the summertime. Such trends don’t necessarily mean it’s the right decision, and it may in fact be a good move to consider Bellevue condos now at the end of the year, especially if you’re currently renting. Here’s why.
Enjoying the tax perks. Purchasing a home in Bellevue towards the end of the year means that the taxes, interest and loan points can all be listed as deductions on the 2008 tax return you’ll be filing next year. During the initial year of the loan, these deductions (and thus the savings) can be quite substantial since this is when a large portion of the interest is paid.
There’s a better chance of seller motivation. Sellers may also be looking to take advantage of these same tax deductions and savings allotted to you as a new homeowner. Since time is critical, you’ll be able to negotiate a better price since they will likely want to sell faster. Always follow the advice of your realtor when it comes to dealing with the actual price you intend to pay.
Builders offer additional perks. In some situations builders are required to fill a certain quota before the year is up which could be having built a specific number of houses to having sold a particular number of homes. This means they’ll likely throw in additional perks to try and attract buyers which could be anything from complimentary furnishings to something else entirely at no additional cost you. In other words you get more for potentially less.
