Everyone is talking about Black Friday or Cyber Monday deals that will be happening soon.  We are all ready to jump at great opportunities with the sales start. I love shopping, and getting a discount on something I have been wanting is exciting.   Have you thought about possible deals on these special days for real estate with buying a house?  

Well, there are some great deals if you want to purchase.  And there is a great reason to buy before the end of the year if you live in Florida, which I will tell you about later.    In this video, I’m very excited to tell you how you can save money for Black Friday to get into a home when you least expect it.  I have many great tips to make this a reality, and we start now.

I know many of you might be thinking, how can this be a good time to buy?  Well, it’s a good time if you are tired of throwing money away from renting, and you would qualify for a mortgage then; you may want to consider purchasing, and here’s why.  Building wealth in homeownership is a dream of many, and it has many advantages. Homeownership gives stability to families, helps control costs, allows you to be part of a community, and so much more. I want to make this more than a dream, so if you think you might be one of those buyers, here are my Black Friday and Cyber Monday tips.

I’m Maria Wells from the Treasure Coast of Florida; please subscribe if you find this information valuable. The bell to receive my videos is released every Tuesday, where I have all sorts of information about real estate.

Let’s start with new construction end-of-year deals.

Many builders will have closeout deals at the end of the year. Builders at the final stages of development are often willing to bargain.  They’re doing this because builders want to get homes off their books before the end of the year. I say this: because there is not a lot of new construction in my area, and when these homes are gone, there will not be much new construction.  When builders come back into the market it won’t be at these prices or deals.  

What kind of deals are builders offering?

  • They might drop the price
  • They could throw in incentives such as paying 1-2 years of our homeowner association dues
  • They might buy down your mortgage… more on that in a minute
  • Builders will often pay for closing costs
  • OR ALL OF THE ABOVE

New construction purchasing tips

My suggestion is to think about what your monthly payment will be versus the home’s total price.  You may be surprised to know you may even be able to purchase a more expensive home. Yet, have a smaller monthly payment because of the incentives mentioned above. For this reason, I always encourage you to contact your Realtor. Your Realtor will know who these builders are and get you the best possible deal. Plus, some builders have homes ready to move in before the end of the year. 

Until now, Builders have not been willing to make deals, and this opportunity may be gone in the coming months. The building of new construction has been underperforming for the last 12 years, so when we get through this time of builders releasing properties at a lower rate, the next go around will be more expensive because we will be back to supply and demand with not much new construction coming out of the ground.

Remember I said earlier that I would tell you why this is a big deal if you live in Florida? That’s because we have a homestead exemption. If Florida is your permanent home, your property taxes are capped at 3% a year with this exemption. We also have tax discounts.  I’ll explain this great benefit and why purchasing before December 31st will help you in homeownership.

Regarding resales

At the end of the year, some sellers may need to move quickly. When this happens, they’ll offer incentives such as buying down your mortgage for a lower interest rate. You might recall that I also mentioned this when I was speaking about new construction. This means that a seller or builder can pay upfront toward your interest rate to lower your payment.  

For example, they would buy down your interest rate by 2 percentage points the first year and  1 percentage point the following year.  That’s a significant amount of money, depending on your property.  And hopefully, this buy-down will get you over the hump when interest rates will start declining. Then you can refinance when interest rates fall again. Heads up! There could be other loan incentives by various lending institutions, and your Realtor is a wealth of knowledge to guide you.

The biggest thing is that multiple offers have declined by 79% in the last six months! Now buyers have breathing room to make a good decision. Even better, now sellers will negotiate on price! And sellers will often make repairs as well.

It’s time to get creative with home financing

There are many opportunities to buy a home right now. However, the biggest hurdle is interest rates in purchasing, but creative financing can help you with that. An adjustable-rate mortgage can help with that too. If your goal is homeownership, this is the time to be creative. 

If you found this information helpful, please subscribe to my new videos, which are released every Tuesday. If I can provide any ideas for you, please reach out and comment below; I’d love to help you reach this dream. This video on the housing market will also help you understand what’s happening on the Southeast Coast of Florida to prepare you better to buy a house in Florida

Looking to buy a house but don’t know where to start? Don’t worry! In this video 🎬 , we’re going to share some incredible tips for buying a house on Black Friday. We’ll show you everything you need to know to buy a house this Black Friday and how to get a great deal. So whether you’re looking to buy your first house or you’re already looking, be sure to check out this video for some incredible tips and advice. We can’t wait to help you find the perfect home! Come join me to see how my tips can make the home-buying process a reality and save you money.

New videos🎤 released every TUESDAY! I’m very thankful you have joined me on my channel:  https://www.YouTube.com/@TreasureCoastFl 

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Search for homes on the Southeast Coast of Florida called the Treasure Coast, which includes🏝: 

  • North Palm Beach
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I am Maria Wells, Broker/Owner of Lifestyle Realty Group. Located on the Treasure Coast of Florida, I am your neighborhood expert in Stuart, Jensen Beach, Palm City, Hobe Sound, Sewalls Point, Hutchinson Island, and more.  With six real estate designations, I bring you knowledge and insights beyond the average Realtor.  I will listen to what you are asking, read between the lines, and give you the information you may not know to ask. 

As the 2017 elected State President of Florida Realtors, the largest state trade organization in the US serving over 180,000 members, and, in 201,9 elected Region 5 Vice President for the National Association of Realtors, I convey tremendous experience and knowledge to handle the complexities of real estate to be your strong advocate. My Concierge philosophy and resources will provide you with personalized attention and service!  As a persuasive negotiator, I will get you to the closing table, manage all the details for a worry-free transaction, and be a resource for all your real estate needs for years to come.

If you are looking for my “Selling Senior Style” services, I have worked with hundreds of families to solve all of the issues regarding personal and real property for seniors and their families.  My designation Senior Real Estate Specialist (SRES,) will give you tremendous value if you are on this life journey.

I live in Jensen Beach, Florida with my husband, where we raise Orchids 🌸, polish up our Harleys 🏍 , and enjoy our grown children and one adorable grandson.👶🏻 🍼.  Photos 🎥 by Dragonfly Aerials – dragonflyaerials.pics  

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