You can buy a Mission Viejo house by the end of the year!
With Thanksgiving around the corner, Hanukah beginning a week after, and Christmas only four weeks away, despite all the fun, food, and celebrations, if you have your focus laser beam tight, you can buy a Mission Viejo house before the end of 2015. But why in the world would you want to take any time away from your cherished Holiday traditions, including deep frying a Turducken, hosting a marathon game of Risk that lasts until it’s time to get into the store lines at zero dark thirty on Black Friday, or marching with the Brief Case Drill Team in the Occasional Pasadena Doo Dah Parade to go through the process it takes to buy a Mission Viejo house this year? Here are a couple reasons I can think of that might get your boots on the ground, pounding the local pavements as you deploy from your Realtor’s car, searching for the right house and getting into a time sucking battle of counter offers until you make a deal.
When you buy a Mission Viejo house, it triggers a “taxable event” that may give you some tax advantages for your 2015 return, if you close on your house before the end of this year. Check with your tax professional to see which of your closing can be deducted from your taxable income. And as far as I know, for 2016, your mortgage interest paid on your primary residence still qualifies as a tax deduction. This is another point for you to confirm with your tax professional. Look at you – winning this year and all of next year! Motivated now?
Mortgage Interest Rates –
Are you a gambler? There you are, needing a bigger place for you, your spouse or significant other, your kids, their kids, and your sister (one definition of the modern family.) How long are you going to wait out the impending increase in mortgage interest rates, which will erode your buying power? Because as mortgage interest rates rise, your qualifying loan amount typically decreases. You might choose to leave the Risk marathon, pick up your Pre-Approval letter and go buy a Mission Viejo house for your “clan.”
Motivated Sellers –
If you can take your eye off the Turducken for just a few minutes and study the stats of the homes you’re actually interested in owning, you might see a trend toward a higher number of days on the market for homes in your target zone. Do you think that a house that’s been listed for sale for 220 days might be motivated to respond to your offer, even if it is as low as your respectable Realtor will let you go? It’s worth a try today.
Thirty Day Escrow –
Despite the implementation of new lending guidelines, savvy lenders can and are accommodating 3o day escrows. Which means yes, you can buy a Mission Viejo house before the end of 2015! So grab your brief case and get going!
I’m Leslie Eskildsen, Realtor.
Call me. Text me. 949-678-3373
Email me. Leslie@LeslieEskildsen.com
Helping you make the right move in Mission Viejo, Coto de Caza, Rancho Santa Margarita, Irvine, Laguna Niguel, Laguna Hills, San Juan Capistrano, San Clemente, Laguna Beach, Newport Beach, Dana Point, Corona Del Mar, and other Orange County communities.