1. There’s generally less competition – Competition for houses drops off in the fall, a time many consider to be off-season in real estate. But there are still homes for sale – and in some cases, there’s just as much inventory as there was during the spring and summer.
2. Sellers are worn-out – Some sellers who put their homes on the market during the prime selling times of spring and summer may have been a tad overconfident by listing their homes for more than buyers are willing to spend. After months of no action, these sellers are often ready to make a deal.
3. Sellers are serious – Not all homes on the market in fall are summer leftovers. Some people need to sell in the fall because the timing is right.
4. You can take advantage of tax breaks -First time home buyers: Although you can’t escape paying income tax, you can make a dent in what you owe when you become a homeowner. Property tax and mortgage interest are both deductions you can take for your whole year’s worth of income. Make sure to speak to your CPA to confirm.
5. You’re the center of attention – Because spring and summer are ideal times to buy a home, real estate agents are usually busier then. And that could mean you might not always get the attention you want. Moving out of the summertime sales often allows agents and other services providers such as mortgage lenders to respond more quickly.
6. You can take advantage of end-of-year sales to outfit your home – There are bound to be improvements you’ll want to make after buying a house. You’ll also probably need to buy items to maintain your home, and if appliances weren’t part of the deal, you’ll need those too. According to Consumer Reports, September is a good time for buying carpet and paint. October means lawn mowers go on sale and appliances and cookware are cheaper in November.
Give us a call today if you are interested in finding out more on buying a home or looking for a top team to represent you and help you find your dream home. (626) 475-4949