Recognized as one of the fastest growing metropolitan areas in the country, the Rio Grande Valley offers affordable living, incredible recreation and access to amenities, and the McAllen-Mission-Edinburg metropolitan region ranks among the safest areas to live in the country.
Those looking to make the move or begin their journey to home ownership in the Valley are encouraged to consider buying property ahead of the end of the year to take advantage of several benefits that may not be available in the future. Whether you’re ready to purchase owner-financed land or are considering the affordability of buying owner-financed property in the coming months, you’ll want to inform yourself about why end-of-year land purchases make sense, and Santa Cruz Properties is here to help.
1. End-Of-Year Buying Equals Money Saved
Some of the benefits of year-end land buying is that it affords consumers the opportunity to save money, strengthens their negotiating power, and potentially increases their future take-home pay by virtue of savings associated with lower interest rates. Taking advantage of fourth quarter sales is an ideal way for individuals and families to start planning for a strong financial future.
2. It’s a Less Competitive Time to Buy
End-of-year buying also offers a less competitive marketplace and access to more inventory than what is usually found at other times in the year. Many people get busy with schedules and travel, and that translates in more opportunities to choose from a range of property opportunities. Usually during this time, sellers are motivated for quick sales to go into a new year with less inventory on their books.
3. You Can Get the Most Out of Your Tax Deductions
Another significant reason to consider when deciding on an end-of-year purchase is the tax deductions associated with interest paid on the note. The sooner the buyer begins to pay interest on your new property, the more interest a consumer may deduct in April. Consulting with a tax professional is the best way to get most out of your deductions and begin seeing how that affects your bottom line.
4. Take Advantage Of The Benefits Of Owning Now Rather Than Later
Amid the pandemic, many people have seen some of the greatest uncertainty in the rental market. COVID-19 has put the spotlight on the benefits of renting in contrast to the advantages of homeownership. Rental property companies have been one of the most adversely affected industries, and as a result, renters are left with fewer options including having to pay more in rental costs.
As more people took heed of stay-at-home orders, owning property offered a more practical view of a more stable future for many. The incentive to buy has never been more attractive than now.
Santa Cruz Properties is Committed to Helping You Live the American Dream
If you’re ready to take the next step toward land ownership, Santa Cruz Properties is ready to help. Santa Cruz Properties provides owner financing as an alternative to traditional bank financing, and our team of friendly, trustworthy and highly qualified property experts have been committed to providing exceptional customer service to clients like you since 1993.
Whether you shop in Edinburg, Starr County, Robstown, Falfurrias, or the East Texas metro area, our team will work tirelessly to ensure you get exactly what you need, whether for residential, agricultural, or commercial purposes. With our extensive knowledge, we can help you answer any questions you may have and ease any uncertainties you may be feeling.