As the temperature cools off, so does all the heat generated by the summer selling season. But, just because it’s no longer the busiest time of year in the housing market doesn’t mean your best chance to buy or sell a home has passed. Each season offers its own advantages to buyers and sellers, and fall and winter are no exception.
Today, we are exploring the 2 Reasons to Buy This Fall/Winter.
1. Lower Prices
As the mercury dips, so do home prices, which typically reach their lowest point from their summer highs in January. When median prices are lower, it’s easier to get a better deal if you’re buying a home, and your purchasing power extends further too. For example, if a home outside your price range didn’t sell this summer, its listing price might decrease come fall, dropping it into your budget. As long as you’re willing to search for a home during a time when there’s less inventory on the market, you can end up saving big time on your new purchase. And, for first-time home buyers,
the house hunting process might seem less intimidating without the premium price tags the summer market supports.
2. Less Competition
Many buyers time their purchases to take place over the summer so the family can get settled into their new home before the next school year starts, which is a big reason you’ll be facing fewer fellow buyers in the fall and winter. And since multiple- offer scenarios seem to have
become the rule rather than the exception, fewer buyers means you’re less likely to run into a situation in which you’re wrangling against others to offer the best best deal – and also more likely to have your first offer accepted.
Ready to buy a new home? Contact Tim Cowan at: