Is Fall a Good Time to Buy a Home?
Everyone has a different idea of what their ideal home looks like, but finding the best deal is something that any potential homebuyer can agree with. If you’re on the hunt for a great property price with some added bargaining power, check out our top reasons to buy during the fall.
During the holidays and heading toward the end of the year, sellers may be more motivated to negotiate so that they can complete their sale and start a new year fresh. Just like buying a car at the end of the month, you can use the calendar to your advantage and negotiate a better deal. With more motivation to come up with cash and free up their holiday schedule, sellers are likely more willing to bend when it comes to price or closing costs assistance.
Buyers typically enter the housing market during spring and summer, often wanting to close on their purchase before the new school year starts. By waiting until fall, you’ll have less competition, meaning the chances of you getting into a bidding war with other buyers will be reduced. This allows you to spend more time weighing your options, evaluating each piece of property, and sorting your finances. Also, with less buyers in the market, real estate agents will have more time to find you the perfect piece of property in your price range.
Spring and summer are the busiest times of year for real estate, but that doesn’t mean they’re necessarily the best times to buy. In fact by waiting for fall to roll around, you might have even more buying power. Sellers with homes that have been up for sale will be eager to close the deal and even discount their homes, which gives you a better chance to bargain shop. Of course, there are still a ton of new homes that go up for sale in the fall season, which means you can have your pick from the most diverse property pool.
Year-Round Mortgage Professionals
If you think that fall might be the right time for you to start looking for a home, partner with the mortgage professionals at Butler Mortgage. We’ve helped first-time buyers and seasoned property owners navigate the market, regardless of the season. To get started on finding your perfect home loan solutions, fill out our online contact form or call 407-931-3800.