The autumnal season is an ideal time to find your perfect property.
Pumpkin spice lattes, pumpkin spice cookies, pumpkin spice bagels. Autumn is truly upon us. While this is great news for pumpkin spice fans, it’s also a great time for homebuyers. In the housing market, autumn tends to favor the buyers over the sellers, making it an ideal time to land your dream home.
Read on to see the three reasons why fall is a great time to buy a home!
Less competition. Many people make major transitions during the summer. For families with children out of school, summer is the ideal time to move, as doing so during the school year can be difficult. Many buyers want to be all settled in before the series of fall and winter holidays begin. As a result, once autumn hits, you see the desire to move drop, resulting in fewer homebuyers. In turn, fewer buyers mean fewer offers for sellers, so you have greater ability to negotiate.
Eager sellers. For the same reasons that so many people look to purchase homes in the summer, many try to sell homes during the summer. Like buyers, sellers are seeking to make a big transition as well. Eager to move to make it into their new home before the holidays and to stop paying two mortgages, sellers are more motivated during this time. Once again, your ability to negotiate increases.
Agent availability. With fewer buyers, agents can spend more time with their autumn customers. They will spend more time searching for the best available homes on the market so that you experience the best possible service. Fall is an excellent time to utilize a real estate agent.
Contact Dean Rathbun when it comes time to finding the perfect plan of action to buy your home. We are happy to help you.