Waiting for the perfect time to buy? Consider taking the plunge this fall.
Many homebuyers think they have to wait until spring or summer 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 in the housing market. Ditch this mindset and you might actually have a leg up on the competition.
A home is one of the biggest purchases you’ll make in your life, so it might seem intimidating to have to put in an offer right away to try to win a bidding war. Fall house hunting often means fewer buyers, which means less competition. In a seller’s market with limited housing inventory, this can be a huge advantage.
Plus, this leaves more room for negotiation – meaning 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! Home prices are often lower this time of year, and sellers are more willing to accept your offer right off the bat (as opposed to waiting for more to pour in). With a strong pre-approval (or even Platinum Credit Approval) from a reputable lender, 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: the busier the real estate market, the more clients an agent must split their time with. While real estate agents anticipate this and are ready to handle a springtime client influx, it’s also nice to have some undivided attention and exclusive recommendations.
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.
Take advantage of all that autumn has to offer and get started on your journey to homeownership today by getting pre-approved.