5 Reasons To Buy a Home This Fall

The best time to buy a home has long been considered the spring and summer. And it is… in the sense that more houses are listed for sale during the spring. However, there is also much more competition trying to buy those listings in the spring.

Real estate markets fluctuate just like the seasons. The spring market starts hopping when the sun finally comes out; flowers begin to bloom and winter is officially over. Conversely, fall indicates the beginning of a slower market, which could be good for buyers.

If you’re in the market for a home, here are some reasons why fall can be a great time to buy:

  1. Sellers want to close by year-end.

Many home sellers want to take advantage of a gain or loss during this tax year. Buyers may find homeowners looking to make a deal so they can close prior to December 31st in order to get that tax break.

  1. Homes for sale near the holidays signal a motivated seller.

Going along with the first point, as the holidays approach, the last thing a homeowner wants is for their sale to be dragging on and interrupting their parties and events.

If a home has not sold by November, the homeowner will be more motivated to be done with the disruptions caused by their home being listed for sale.

  1. Lower prices.

Many sellers put their homes for sale in the spring. Some sellers get overly aggressive by listing their homes too high. This can result in a series of price reductions following the spring and summer months.

  1. Many homes don’t show as well once the landscaping fades.

The best time to do a property inspection is in the rain and snow, because the home will be truly exposed for buyers. The same holds true for fall, when flowers die, trees start to shed their leaves, and beautiful landscapes are no longer so lovely. It’s better to see the home’s flaws before making the offer, instead of being surprised months after you close.

  1. Less competition.

Families who wanted to be in a new home by the beginning of the school season are no longer shopping this time of year. Those families have exited the market, which means less competition. That translates into more opportunities for buyers.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings. See if the Robinson Team is the right fit for you! Give us a call. We’d be honored in assisting you through the home buying process.

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Our agents write often to give you the latest insights on owning a home or property in the Chattanooga Metro Area area.

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