We look at why timing your new-build home purchase for the end of the quarter gives you leverage. We also cover how to use an introductory zero-percent credit card window to handle upfront deposits and closing costs.
Buying a New Build at the End of the Quarter
Chapters
- — Quarter-End Timing
- 0:45 — Upfront Costs
- 1:35 — The Credit Card Strategy
- 2:20 — Managing the Deadline
Full transcript
Welcome to the show. Picture the house first. You walk in past the front porch, drop keys on the kitchen island, and the dining room catches the late light because the builder finally got the floor plan you wanted. New construction at the end of a quarter means the salesperson on site is trying to hit a number on a whiteboard, not just sell you a house. That timing is the whole reason this plan works. Now the money. New builds are usually priced around three hundred ninety-five thousand dollars in much of the United States, and the deposit, the upgrades, and the closing costs all hit before you ever make a mortgage payment. The plan here uses a zero percent intro APR window on a Discover card to space the deposit and pre closing costs. That stands for annual percentage rate, which is just the yearly cost of borrowing money. Using this intro window means you keep more cash in the bank for the actual move and the surprises that come with it. The fifteen month intro window is a deadline, not free money. If the balance is still on the card after month fifteen, interest starts accruing at the card's standard APR, so set a payoff date a month or two before the window ends and treat that as the real deadline. Head over to voatlas dot com for the written version with sources.