As summer comes to a close, you’re probably thinking about a lot of things: the colder weather, the changing of the seasons, and…moving? While some might not have considered buying a home in the fall, there’s a reason why more and more people are using this time of the year to find their next dream property.
Need some convincing? Don’t worry—we’ve got the top reasons why buying a home in the fall is the best thing to do.
You’ll Pay Below Market Value
Typically, the busiest home-buying season of the year is the summer. This is because many families are rushing to get their children in school. Once fall rolls around, though, many sellers become more motivated if they didn’t secure that sale during the summer rush. This means you’ll get the home of your dreams for less than you thought!
While list prices for homes won’t go down, you’re almost guaranteed to get a lower sale price. According to Realtor.com, autumn buyers paid about 2.6% less than the market value of their home. While this may seem like an insignificant amount, you’re actually saving thousands of dollars!
You’ll Face Less Competition
During the peak buying seasons, markets are often so hot that it may be hard to get the home you want. Buying in the summer means you’ll be bidding against many different people for the same home. This can drive the sale price of a home higher and higher, and nobody wants to get into a bidding war. It can also force you to make quick decisions, and when it comes to buying a home, you want to ensure you’re doing the right thing.
When buying in the fall, these pressures often disappear. With less competition, you can take the time to view all the listings in your area without fearing that they’ll disappear before a showing. Fewer buyers means more motivated sellers, so instead of paying more for a home, you could even get a deal below the asking price!
You’ll Get Better Deals
As the year winds down, you’ll notice plenty of commercials on TV advertising end-of-year sales. From furniture to appliances, these cuts can save you thousands of dollars on big-ticket items. This can be especially beneficial if you’re thinking about investing in a new home.
If you move into your new home in the fall and are looking to make some improvements, you’ll benefit from these sales. As we already mentioned, buying in the fall gives you the chance to save thousands of dollars to begin with. Imagine being able to use the money you’ve saved to upgrade your new home!
You’ll Get More Attention
Did you know that the fall months are also a slow time for real estate agents? Many brokers experience a lull from September to February, as it’s the end of the summer buying and selling rush. By buying during autumn, you get the full, undivided attention of your real estate team.
There are countless questions when it comes to buying a home. While the internet can be a great resource, nothing replaces the experience of sitting down with an industry expert who can answer your questions. If you want more time to ask your realtor questions and schedule more showings, fall is the time to buy.
Ready to Make Your Next move?
As the trees begin to change and temperatures drop, it’s time to start thinking about buying your next home. There are countless advantages to buying a home in the fall, and I’m here to help.
If you’re looking for a home on the Main Line, trust me, Tammy Harrison, to get you the best deal. I’m a Main Line area expert and I can’t wait to work with you. Have any questions about the home-buying process? Whether you’re a first-time home buyer or a seasoned pro, give me a call so we can talk!