Most Realtors and home owners know that the most popular time to purchase a new home is in the spring and summer time. In recent years, more homes are being bought during the fall season. Aside from beating the heat and scheduling showings between your busy spring schedule, here are seven advantages on why you should consider a fall real estate purchase.
Competition for homes in Waltham, MA decline in the fall season as many people believe this to be the off-season in real estate. However, there are still homes on the market. These homes are usually re-positioned old homes that did not sell during the prime season or new homes being added. This puts you in great position to add start looking for homes to buy as you will be one of the few looking to purchase a home. A great opportunity to get a great deal!
Sellers Are Worn-Out
Everyone has a dream price for their homes, and they usually try to shoot for this as a closing price during the busy season in real estate. The truth of the matter is that, a home’s true value is much different than what the owner thought they could receive. If they failed in the prime season, then they are more likely to make a deal and lower their price during the fall. With less competition and sellers eager to make a sale, they are also willing to consider lower offers than they originally hoped. Get your check books ready to make an offer!
Sellers Are Serious
Not all fall listings are leftovers from the spring. Some people feel that the timing in the fall is perfect for them. They are looking to make the sale this season and as quick as possible, and they are willing to negotiate prices. If you see a home on the market during the fall season, keep in mind that these sellers are serious about getting their home off the market.
Paying income tax is inevitable, but you can make a dent in what is owed when you become a homeowner. Any payments that are made prior to the closing of a loan are tax-deductible, which could make a big difference in the amount you own to the government. For instance, property tax and mortgage interest are both items you can deduct.
Fall is Safer
Just like with real estate, burglaries have a prime season and it is during the months of July and August. If you are thinking of buying your home in the fall, you can rest assure there will not be any disturbances to the homes on the market. Finally, a good reason to have cold weather.
You’re the Center of Attention
When it comes to any facet of the moving or real estate industry, the busy time is in the spring and summer. While this may be a popular time to look for homes, you may experience delays in response by your Realtor or service provider. With it being the peak season they are going to be a lot busier to give you the attention you want. With fall being considered the off-season, you will have a much higher response and attention rate with your Realtor. Leading you to get in contact with sellers quickly and make the purchase.
Take Advantage of End-Of-Year Sales
After buying a home, you are going to want to add your own style as well as make improvements. If certain appliances were not part of the deal, then you will need to get items to maintain your home. If you buy your home in the fall time, then you can take advantage of all the end-of-year sales for the items you need. For example, September is a great time to buy carpet or paint, October means lawn mowers are on sale and cookware is cheaper in November.