The fall market has always been second best to spring. The weather is still beautiful for showings, there seems to be a big push to get settled in before winter and there are still buyers out there who have not found what they’re looking for in the spring/summer market. Here are the reasons why fall is a great time to buy a home:
Less Competition
Buyers are most active during the spring/summer markets. Many buyers want to get settled before the new school year. If you don’t have to be in your new place for the start of the school year, fall is a great time to purchase with less buyer competition escalating home prices.
Serious Sellers
Usually sellers who list during the fall months do so for timing reasons. They weren’t ready for the spring market and they need to make the move now either because they’ve finally found a new home with a concrete move-in date or because they’re being transferred for a job. Their seriousness in selling makes sellers more likely to negotiate the terms of a contract.
The Ease of Scheduling
Since the mad rush of spring and summer is over, scheduling to see homes is easier and inspectors are more readily available. You won’t have the same issues of getting an inspector out to the property during your contingency period that you’d have in the spring market.
End-of-Year Sales
You’ll be closing on your new home just in time to find some great sales at your favorite stores! Lining up your move with your favorite store’s year-end sales is a genius way to furnish your new home!
The Most Accurate View
Seeing a home in the summer months when flowers are at their brightest and kids are outside playing and families are on vacation isn’t the “norm.” You’ll get an accurate view of the home when the leaves are falling off the trees, the kids are back in school, the grass isn’t its greenest and you may notice things about the home that landscaping had been covering in summer months.
