Fall Time to Buy a House: Perfect Timing

1. Less Competition From Other Buyers

The season of spring and summer are prone to attract the highest number of house buyers. Most of those buyers have acquired their homes by the fall and thus there will be a decreased number of buyers in the market. That is, you have increased chances of not engaging in stressful unnecessary bidding wars and will be able to negotiate with sellers better.

2. More Motivated Sellers

The fall can be characterized by homes which were not sold by the summer still in the market. Sellers might be in a rush to sell before the end of the year especially when they are moving to a new job or they require some time before the holidays. This desperation can be used to your advantage, as it leaves you with a leeway to bargain in the aspect of price, closing cost or repairs.

3. Better Deals and Price Reductions

The fall is when the highest price are usually reduced as the sellers lower their prices in order to be able to sell to the few buyers left. You can probably score a beautiful property that has been waiting, demoted and you can get it thousands cheap than what you would have had to pay it during peak season.

4. Faster Closing Process

There are fewer transactions that are occurring during the fall thus there is more availability of lenders, inspectors and appraisers. This will usually imply an easier, quicker closing process, hence being able to get settled in your new home before the holiday season sets in.

5. Tax Advantages Before Year-End

You will also have an opportunity of enjoying tax benefits in that you can deduct mortgage interest, property taxes and some closing costs when you file your taxes should you purchase before December 31st. This may put additional savings back to your pocket.

6. A Clearer Picture of the Home’s Condition

Autumn weather should allow exposing some defects of a property which can be not visible during the sunny summer times. It will also help you better understand how the house is performing when it gets colder at night or there is rain and wind, and, sometimes, it may be the critical point in terms of the long-term decisions regarding maintenance.

7. Moving Companies Have More Availability

During high moving seasons, it may be difficult to contract with a good moving company, who is not charging premium price. Moving companies in the fall are not as busy giving you the leeway to get cheaper rates and relaxed moving dates.

8. Enjoy the Holidays in Your New Home

Something is different about new home just before the holiday. Purchasing during fall season lets you make preparations in decorating, hosting parties and creating new memories just before the holidays.

Final Thoughts

Fall can be your golden opportunity to purchase a house especially in case you have been waiting to do so. There is less competition, motivated sellers, probable decrease in prices and quick closing, autumn is an ideal situation for buyers that want to find a great deal and avoid the stress of buying during peak season.

The cooler weather does not fool smart buyers though fall is an incredibly hot season.