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Mortgage Basics

5 Reasons Fall Is a Great Time to House Hunt

October 30, 2017

Many homebuyers think they have to wait until spring to make their move. What they don’t know is that there are actually many perks of buying in the fall! Dust off your leaf blower — your new home awaits.

There are fewer buyers in the market.

It’s widely known that spring and summer are the most popular seasons to buy and sell. Ditch this mindset and you might actually have a leg up on the competition. With fewer buyers to compete against, there’s a better chance you’ll lock down your dream home for a more affordable price.

Sellers are more motivated.

Because there aren’t as many bidding wars going on in the fall, sellers may feel the pressure to close a deal. As a homebuyer, this is great for you! Prices are often lower this time of year, and sellers are more willing to accept your offer right off the bat. Get a pre-approval and your offer will be even more appealing.

You’ll get more attention from your real estate professional.

House hunting in the spring or summer means you might not get sole attention from your Realtor. It’s the nature of the beast: more homebuyers on the market, more clients to split their time with. While real estate professionals anticipate this and are ready to handle a springtime client influx (I mean, they are professionals after all), it’s also nice to have some undivided attention and exclusive recommendations.

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You’ll get more tax breaks for the year.

As the year comes to a close, tax season starts to creep up. It’s unavoidable and it’s on everyone’s mind. Wouldn’t it be nice to have another item to write off? Mortgage interest and property taxes are deductible from your gross income, which means if you buy a home before the year is over, you can write these expenses off when filing.

There are TONS of furniture, appliance, and décor sales.

Buying a new home often means updating your home décor. Lucky for you, the end of the year brings an abundance of holiday inspired sales on things like furniture, appliances, and other home goods. Stores are gearing up for the biggest shopping season of the year by slashing prices to attract customers. Use this to your advantage and update your home for less…after you’ve purchased your home!