Let’s face it, the fall market gets a bad rap. The majority of buyers assume that they’ll be unable to find a house that fits their needs during the fall—hence the mad rush during the summer. However, this couldn’t be further from the truth. Here are four reasons why a buyer should disregard the myths, and make a fall real estate purchase.
Star of the show
The realty market clears out as soon as the weather turns crisp. The majority of warm-weathered buyers have already found a home, meaning a fall buyer will have less competition for the available houses on the market that spark their interest.
Exhaustion is real
Countless showings and no offers makes for one tired seller. After months of no action, lingering summertime sellers are more than ready to make a deal. This puts the buyer in a prime position to negotiate a price that more than fits their budget.
Home for the holidays
Not only are sellers tired after an unsuccessful summer, the holidays are looming.
The majority are aware that if they want to be settled in time for the holiday season, they have to close quickly.
Buyers can use this time crunch to their advantage.
Season of deals
After settling, furnishing the house is next on a buyer’s list. Fortunately, December proves to be an ideal time to purchase large ticket items. According to Consumer Reports, appliances like refrigerators, stoves, washers, and dryers are at their very cheapest. Buyers can also snag great deals on furniture and home decor during an end-of-year sale.
My advice: There is no wrong time to shop for a new house. Yes, the inventory is lower, but if the right house is on the market, you should not miss out.
by Andreas Leindecker, Realtor, 571.685.9831
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