5 Reasons to Buy a Home this Fall

Real estate markets flow up and down as the seasons change. The spring and summer markets experience high volume, then as the weather cools down, the market seems to slow down as well. Fall signals the beginning of a slow market, which could be good for buyers. If you are in the market for a new home, now could be a good time, let’s check out why:

Leftover Inventory

If a home is still on the market from spring, the sellers probably listed the house too high out of the gate. This could mean a series of reductions in price during the spring and summer months. 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

Most families do not have the flexibility to move once their children start another school year, therefore they will not resume shopping for a home until the following spring. These people have exited the market, which leaves less competition for those who are still looking. This means more opportunities. Taking out an entire segment of the housing market provides millennials, single and baby boomer buyers some breathing room.

End of the Year Approaching

The end of the year is rapidly approaching, for those motivated sellers they will see a new year as a hard deadline for wanting to have sold their home. Sellers may want to take advantage of a gain or loss during this tax year. Ask why the seller is selling and look for listings that offer incentives to close before the end of the year.

Home Sales Near the Holidays

If someone is selling their home during the holiday season, that usually means they are an extremely motivated seller. The holidays are a time for family and celebrations, people do not want to think about selling their home. If a home has not sold by November and it is still sitting on the market, that homeowner is likely motivated to be done with disruptions caused by their home being listed for sale.

Seasons Change

The seasons changing can cause landscaping to not look at good, resulting in the home not to show as well during a month where the landscaping looks better. The best time to do a property inspection is in the rain and snow because the home will truly be exposed for buyers. This will be the time to see the home’s true colors and then you will not be surprised by what you are seeing when the next winter and fall months come around.