Closing

Can someone please let me know the difference between closing on a house at the very end of the year vs. the beginning? We were about to close on our house any day now and the sellers have now said they need a few weeks, so closing has been pushed to the first week of January.

Everyone kept telling us that the end of the year would be the best time to close for tax purposes... so I'm not sure how this change will affect us.

I'm also super disappointed because I have off from work from Dec 24 to Jan 5... Would have been perfect to have a week & a half to paint and unpack. :( Nothing I can do though.

Just curious about how closing may change.

Thank you!

Re: Closing

I don't think it makes much of a difference. There is no free or hidden money out there depending on when you close.

I closed in early January on one of my houses. The only annoying thing about that is you have to wait an entire year to handle your taxes and deductions from that house. But it should still be the same amount of money, don't see how it could be significantly different.

Nobody (lawyers, banks, etc.) likes to work around the holidays.

Re: Closing

Thank you! I kept hearing different things so I figured I'd ask. I appreciate the response.