While the days are shorter, the real estate market is picking up, and sales have risen. Usually the fall isn’t a time for buyers to be out and about searching for homes. Contrary to belief, now is a great time to buy. Before you disagree, read these five reasons why you should buy now.
1. Leftover spring and summer inventory may mean good deals
Homeowners tend to go on the market for the first time in the spring, and usually begin overpriced. Usually that will result in a series of price reductions throughout the summer. When this happens, the sellers sometimes become desperate and accept an offer below market value.
2. Fewer buyers are competing
When you read this, you most likely disagreed with the notion of buying now. Most don’t feel this is a good time, and that’s less competition for house hunters.
3. Motivated sellers want to close by the end of the year
While most people still live in the home they’re selling, some are investments. A home seller may want to take advantage of a gain or loss during this tax year.
Buyers might find homeowners looking to make deals so they can close before December 31st and get that tax benefit. Ask why the seller is selling, and look for listings that offer incentives to close before the end of the year.
4. Homes for sale near the holiday signal a motivated seller
As the holidays approach, the last thing a homeowner wants is for their sale to be interrupting their parties and family events.
If a home has not sold by November, and it’s still sitting on the market, that homeowner is likely motivated to be done with the disruptions caused by their home being listed for sale.
5. Most 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.
After reading these, if you think now would be a great time to begin the home buying process, I urge you to contact and lets get the ball rolling.