Buying a home for Christmas (Part 1)

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Glen D. Smith

By Glen D. Smith, CFP®, CRPC®

Real estate isn’t the first thing that comes to mind when you think about October, but it’s actually a great time to consider moving. It might surprise you that approximately 8.5% of all listings are sold in October. Here in Texas, it’s marginally higher due to our mild fall conditions.

But the weather isn’t the sole reason. Sales of single-family homes fall dramatically as we approach the holiday season. Priorities change from home buying to holiday planning.

In time for Santa’s stocking

With Christmas still three months away, there’s plenty of time to find your forever home and have it ready for tinsel and turkey.

Buyers may think they’re running out of time, but it’s the sellers who are starting to sweat under their turtlenecks. If it’s not sold by October, sellers know that they’ll have to wait until April to see any significant interest in their property.

But how worried are sellers? Is an October sale critical or just an early Christmas present? Are they concerned enough to sharpen their pencils? Find out in part two.

Glen D. Smith & Associates, Raymond James is located at 1029 Long Prairie Road, Suite C, Flower Mound, TX 75022. (469) 212-8072.

Glen D. Smith & Associates is not a registered broker/dealer and is independent of Raymond James Financial Services. Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Any opinions are those of Glen D. Smith and not necessarily those of RJFS or Raymond James.

This case study is for illustrative purposes only. Individual cases will vary.  Prior to making any investment decision, you should consult with your financial advisor about your individual situation.

The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy selected.

Contributions to a traditional IRA may be tax-deductible depending on the taxpayer’s income, tax-filing status, and other factors. Withdrawal of pre-tax contributions and/or earnings will be subject to ordinary income tax and, if taken prior to age 59½, may be subject to 10% federal tax penalty.

Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.

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