Should You be Looking for Homes for Sale in Oradell NJ before or After the New Year?

If you are looking for homes for sale in Oradell, NJ, you have a lot to consider! Do you really want to buy a home during the pandemic? You should! Is this the right time for your family to buy a new home? Most likely, if you’re considering it. Now, here’s a harder one: Should you be looking for a home in Oradell NJ before or after the new year? Read on to find out some pros and cons of each!

Do you want a fast deal?
Many people who are selling their homes set a deadline—and the end of the year is a very convenient deadline! If you are looking to buy a home in NJ at the end of the year, keep in mind that most sellers will be looking for a fast, hassle-free sale. If you need a place quickly, or if you want to take advantage of the lower costs that many sellers offer to move their properly soon, an end-of-the-year sale could be in your favor. However, if you want to consider your options, and a few thousand dollars won’t break the bank, you may want to wait until next year.

What about the kids?
When you move house, you move the whole family. For kids, this can mean leaving friends or having to start at a new school. Usually, these moves are easier in the summer, but thanks to the COVID-19 pandemic, most of New Jersey’s kids are doing school at home. You may still be able to participate in your old district’s online schooling program, or you may give something new a try. For 2020, this one comes out as a tie!

Tax breaks—Especially for “fixer uppers”
Savvy tax people know that you can max out your tax breaks when you work on your home over two different years. Buying a home at the end of 2020 can allow you to take tax deductions on work completed in 2020, freeing your “deduction budget” up for 2021. If you’re one of the lucky ones who earned high during the pandemic, and want some more deductions, a new home may fit your needs, especially if you are purchasing a “fixer upper” that you can start work on right away. If you are buying a new or refurbished home for sale in Oradell NJ, this may not benefit you as much.

Value your time
One final consideration—how do you value your time? Some families would love the opportunity to spend their holiday vacation time unpacking, arranging, and setting up a new home, while others are reading this and thinking “are you crazy? Ruin my holidays with a move?” No matter which camp you fall into, keep your busy schedule in mind.
Whether you are looking for a home for sale in Oradell today or after the New Year, make your job a little easier and work with a skilled real estate agent in NJ. Sheldon Neal has helped hundreds of people connect with their perfect home in the NJ area, and will give the same dedication to your home search! Call today to get started on your next home sweet home.