5 REASONS TO BUY A HOME THIS FALL
If you’re in the market for a home, here are some reasons why fall can be a great time to buy.
LEFTOVER SPRING INVENTORY MAY RESULT IN DEALS
Home sellers tend to go on the market for the first time in the spring. They often list their homes too high out of the gate, which could mean that a series of price reductions follow during the spring and the summer months.
These sellers have fewer chances to capture buyers after Labor Day. By October, buyers are likely to find desperate sellers and prices that may, in fact, be below a home’s true market value.
FEWER BUYERS ARE COMPETING
Families who want to be in a new home by the beginning of the school season are no longer shopping at this point. These families have exited the market, which means less competition. That translates into more opportunities for buyers.
MOTIVATED SELLERS WANT TO CLOSE BY THE END OF THE YEAR
While a home is where an owner lives and makes memories, it is also an investment — and one with tax consequences. A home seller may want to take advantage of a gain or loss during this tax year.
Buyers might find homeowners looking to make deals so they can close before December 31st and get that tax benefit.
HOMES FOR SALE NEAR THE HOLIDAYS SIGNAL A MOTIVATED SELLER
If a home has not sold by November, and it’s still sitting on the market, that homeowner is likely motivated to be done with the disruptions caused by their home being listed for sale.
MANY HOMES DON’T SHOW AS WELL ONCE THE LANDSCAPING FADES
Scratching the surface of the pretty spring home season and fall reveals home flaws, making it a great time to see each home’s true colors. It’s better to see the home’s flaws before making the offer, instead of being surprised months after you close.
SOURCE: ZILLOW
John Castelli, Realtor
(773) 851-7636
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