Every year as October comes around, it seems like we all get on the fast train to New Year's Eve. In the last quarter of the year, people are compiling their holiday shopping lists, planning their family gatherings, their seasonal travel, and what to do with the kids while they're out of school for the holidays. So why, in the middle of all of this, would anyone want to buy a new home? Believe it or not, there are some very good reasons to buy your home in the last quarter of the year. Let's look at a few of the reasons why.
As a builder’s fiscal year-end approaches, they want to sell inventory
Not every new home is built on contract for a specific buyer. Sometimes, home builders construct new homes in anticipation of their sale — before they have a contract to sell the home. Some people call these spec homes and others call them inventory homes. As home builders approach the end of the calendar year and they have standing inventory, they prefer to sell these homes and not carry the financial expense of them into the new year.
Just like specials or promotions that run for the holidays, builders have inventory that they want to spotlight and sell within the year.
Where do you go to find these specials or incentives?
Go directly to the known sources: Charleston New Homes Guide’s website (see Resources > Neighborhood News & Promotions) , your local Realtor or to the builder’s website.
How do you know about special deals? Sign up for monthly updates and newsletter or get on a builder’s email list so you’ll be notified when they have inventory sales or special promotions.
Savvy buyers who are prepared to close swiftly get better savings
It’s wise to be ready to respond swiftly to special offers by being prequalified for a mortgage, and by doing your due diligence on communities, builders and locations. Because these special offers are time-limited, buyers who have what they want and who can act quickly are the ones who get the best deals.
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