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  • Brent Chapuis | Keller Williams| Brent Chapuis Blog

    Tuesday, November 17, 2015   /   by Brent Chapuis

    Buying during the Holidays?

        Ok, so there are 2 different thought processes on buying at the end of the year during the Holidays like Thanksgiving, Christmas, and New Year's. On one hand the buyer wants to be in their new home so they can invite family, put up the Christmas Tree, and all the cool things we all do for the Holidays. On the other hand, the seller sometimes wants to stay for one final Holiday Season in the family home. There's no right or wrong here and that's not what this post is really about. 
        Did you know there is a Tax advantage for both the buyer and the seller to finalize their sale and purchase prior to the end of the year? You've all heard of it before but in most cases it's just simply not considered, it's called Homestead Exemption. Homestead Exemption in essence is a reduction in your yearly property taxes if you claim that home as your primary residence. 
        For the buyer, if they buy their new home before January 1st they can Homestead t ...

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