Buying or Selling Your Home after the First of the Year...

By
Real Estate Agent with Serving Mentor, and all of Lake County, Ohio

All so often we see articles titled "Should I Sell My Home During the Holidays?"

Although this is a great question, and often produces some great discussions on all the positives and negatives of Selling or Buying during the Christmas Season... the questions and the discussions often stop there.

There is an additional question that should follow that one... but rarely does it come up in blog posts.  That concerns "Buying or Selling your home after January 1st."

Businesses often end their fiscal years on December 31st... which obviously means that their new fiscal year... and their new yearly budget starts anew on January 1st.

Sometimes yearly company budgets have run dry much before December 31st of the previous year... and many companies find themselves somewhat inactive as far as "making moves" at the end of the year.

For many companies, and even more so for many individual "sole proprietors"... the First of The New Year offers a brand new start, and many folks want to "get out of the gate" as soon as possible.

Tax benefits also come into play for folks wanting to provide a great tax deduction for the next year's taxes... and being able to deduct moving expenses can be a real money-saver.

If you have thought of relocating... and need an excuse, or a reason, to get started.. there are many, many reasons to get a jump on things right after the first of the year.  And... if those tax rates DO go up... that will mean even more of a tax deduction.  Ya gotta love those refunds!

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Carolyn Kolba of Keller Williams Realty in Mentor, Ohio has been helping families in Lake County, and Eastern Cuyahoga County market their homes, purchase new homes, and tend to their real estate needs her entire career.  She can be reached at (440) 567-7211.  Call Carolyn Today!

Comments (9)

Joshua Desha
Georgetown, TX

For buyers, the first of the year can provide great savings on a home . Someone who has watched their home sit on the market through the month of December, many times, are extremely anxious to sell and therefore more willing to negotiate from what could have previously been a hard line before.  

 

Thanks for the article!

Dec 11, 2012 09:40 PM
Joetta Fort
The DiGiorgio Group - Arvada, CO
Independent Broker, Homes Denver to Boulder

I just got an email yesterday, from a neighbor ready to list after the first of the year.  Here's to a successful 2012!

Dec 13, 2012 12:13 AM
Carolyn Kolba
Serving Mentor, and all of Lake County, Ohio - Mentor, OH
Keller Williams Realty- Mentor, Ohio

Joshua, we can only imagine how anxious a seller can get when they are expecting folks to look at their home, and nothing happens.  Things will pick up, I am sure, after the first of the New Year.  And... you are welcome!

Dec 13, 2012 01:30 AM
Carolyn Kolba
Serving Mentor, and all of Lake County, Ohio - Mentor, OH
Keller Williams Realty- Mentor, Ohio

Joetta:  Isn't it just wonderful when that happens?  I am so glad your neighbor thought of you and called you.  What a nice Christmas Gift!  Have a Merry Christmas, Joetta.  :)

Dec 13, 2012 01:32 AM
Rebecca Gaujot, RealtorĀ®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate
Hi Carolyn, I just wrote a contract on a house and the offer was accepted...love to end the year like this. Good tips offered in this post for buyers and sellers.
Dec 20, 2012 01:07 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

The End of the Year / Beginning of the New Year is always an exciting time in Real Estate.  The Tax consequences play a major role, especially for Businesses.  But it's also a time when people make resolutions to Buy or Sell.

     Best to you in 2013!

Jan 08, 2013 04:33 AM
Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Also, Christmas plays a large part in deciding to move or not.  Either the family crowd gets bigger, and more room is needed, so you think about moving to a larger home, or the group of folks who come over is smaller, so not as much room is needed, so thoughts arise of finding a smaller home.

Jan 08, 2013 11:41 AM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Carolyn so true, may are ready to sell or buy a home in the new year, and activities have already picked up.

Jan 21, 2013 08:13 AM
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

I always say, "The only right time to sell is when it's the right time for you."

Mar 02, 2013 01:34 PM