If you’re considering a move, you’re probably wondering when is the best time to buy a home. With the holidays around the corner, you might ask yourself, “Should I buy a home during the fall season? Would that be wise?”
The answer is a resounding yes. Fall is a great time to buy a home. Here’s why.
Think about a crowded mall scene during a Christmas rush. Everyone is elbowing their way to get the last toy on the shelf. Retailers can raise the prices due to high demand. Then what happens by the middle of January? No one’s shopping.
The housing market experiences a similar trend in the fall. Spring and summer are the high season for putting homes on the market. Lots of buyers are out searching for homes, and the competition can be fierce to get the property you want.
By the fall season, things slow down. You’ll likely be one of only a handful of buyers searching the area for homes. This means you can take your time to consider properties. It also means you’ll probably get a better price for a home, since you won’t be trying to outbid several other potential buyers.
More accurate views
Homes tend to show best in the spring and summer. Everything is in bloom. The landscaping looks great. In the fall, you may be able to get a more accurate view of how the home looks year-round. With leaves and flowers gone, you can get a better view of the roof, the yard and other aspects of the property that may have been concealed in the summer.
Also, in the fall, people tend to be back to a normal routine that differs from the summer. This means you can get a better feel for the neighborhood and what things are like when people aren’t away on vacation and kids are in school.
Better personal attention
Because this season isn’t as busy as spring and summer, you can also enjoy more personal attention from the professionals involved with a home purchase. Realtors, appraisers, inspectors, attorneys and loan officers all typically have a little more breathing room on their calendars in the fall. This means they can take more time with each client and give you the personal attention you need. You may also have better luck scheduling appointments during times that are convenient for you.
In the spring and summer rush, sellers may not be very flexible with their moving dates. They want to be out before school starts, or they have vacations planned. In the fall, dates are usually more flexible. You aren’t competing with several other buyers who may offer a better closing date. You can typically negotiate more for a date that works well for you.
Find your dream home
When is the best time to buy a home? The real estate experts at Valley Executives Real Estate & Property Management LLC are ready to assist you year-round. Contact us today to take advantage of the many benefits of fall home shopping.