Why Home Buyers Should Close on December 30th... Episode 255

Why Home Buyers Should Close on December 30th... ...There may very well be a property tax savings by doing so for the buyer it may also be a date that makes sense to the home seller for the very same reason which makes it a win-win situation qualify for the homestead exemption for the buyer start off the New Year in your new home for the buyer save a vacation day for the buyer due to the holiday capital gains tax rate locked in for seller addtional write offs for the seller if that's the case, then why not just close on December 31? its rather simple really numerous unforseen circumstances may cause a delay in a closing date and in this case it would then make the closing take place in the next tax year bank wire doesn't arrive on time overnight closing package delivery delayed banks, title companies and attorney close early many workers on vacation - skeleton crews at offices travel delays for buyer or seller something goes sideways with a double closing there are definitely scenarios where it makes sense to close after the 1st and each of these will create a unique set of circumstances that might just affect the sales price negotiation tune in for some of the crazy things I have experienced over the years

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