While spring and summer are often considered peak times for home buyers, fall has many home-buying advantages that are often overlooked, making it the perfect time to purchase a home. In this blog post, we’ll explore the advantages to purchasing a home this fall season and how one of our many experienced Lewith & Freeman Realtors® can expertly guide you through the process.
1. Less Competition
During the warmer months, the real estate market is flooded with buyers, making pricing higher and more competitive. The opposite is true when temperatures begin to drop. Many potential buyers put their house-hunting on hold until the spring. With fewer buyers searching for homes, those who start (or continue) their searches in the fall will have the opportunity of more available listings. Reduced competition can also lead to more favorable terms with pricing and contingencies and more power to negotiate.
2. Better Pricing
With the colder temperatures on the way, sellers will be more inclined to accept lower offers, because let’s face it, people will avoid moving in the wintertime, if they can help it. In addition, the longer a property sits on the market, the more sellers will be willing to have flexibility when it comes to pricing.
3. Motivated Sellers
If the sellers occupy the home, they are more compelled to sell because, as previously mentioned, no one wants to move in the cold and unpredictable winter weather. On the other hand, if the home is vacant, not selling the home means that sellers will incur the costs of maintenance, utilities, and upkeep of the vacant home throughout the winter. Again, making them more inclined to negotiate, and therefore an obvious advantage for home buyers.
4. Inspections
Fall’s moderate temperatures and reduced humidity make it an excellent time for home inspections. It is easier to identify potential issues with heating systems, roofs, and other seasonal concerns, which can help you make a more informed decision and avoid unexpected costs in the future.
With reduced competition, motivated sellers, and attractive pricing, fall has many advantages for those in the market to purchase a home. Don’t wait until spring or summer to make your move!
There’s no better partner to guide you through this journey than Lewith & Freeman’s expert Realtors®. Our agents are here to provide the support and guidance you need throughout the home buying process. With extensive knowledge of the local real estate market and commitment to our clients, our agents can help you find the perfect home that fits your needs and your budget. Our Realtors® are with you every step of the way, providing you with the expertise and dedication you deserve. Take advantage of the fall real estate market by allowing us to help you find your perfect home. Contact us today to get started!
