Fall isn’t thought of as “the best” time to buy but that may be changing. Savvy buyers have an advantage when shopping for a home during the fall season. So here’s 5 reasons why fall is a great time to buy a home.
Year-End Tax Breaks: any mortgage interest or property taxes paid by December 31st are tax-deductible for that year. This could increase what you get back or reduce what you owe the IRS.
Less Competition: The National Association of Realtors® reports that almost half of the homes sold, happen between May and August. Luckily fall is the best time in Arizona for the weather, so house hunting will be cooler and even less stressful. You could avoid a bidding war, since most people wait until summer!
Eager Sellers: not all homes will sell during that summer rush. So homes on the market during the fall will have sellers that are ready to move on. That may allow you to negotiate a better deal, with less competition.
Less Expensive to Move: with most people focused on the holidays, moving companies have lighter schedules than during the summer. Pricing and scheduling during this time of year may be more flexible.
Quicker Transactions: title companies are also experiencing a slow down as transactions tend to decline in the fall and winter. Pair that with a motivated seller and you could be in a house before the holidays hit!
If you’re ready to buy and just have been waiting for more homes to come on the market, let’s start looking now. You may end up finding the perfect deal, that you would have missed or had more competition on during the summer months.
Ready to start looking? Email me at email@example.com!