This might come as a surprise to you, but fall is a great time to buy a home. There are still homes on the market which did not sell during the summer months, some have been discounted. There are also homes newly listed by sellers trying to beat the slower winter months. At the same time, there are fewer buyers out searching, which makes it the perfect time to buy a home. Here are some of the advantages to buying in the fall:
Fall home buyers should be ready to move when they find the right home and at the right price. Make sure you get pre-qualified before you start your search, so that you can jump at the right opportunity. You wouldn’t want to lose out on a home because you were not already pre-qualified. Sellers expect to see documentation that you have already taken this step. It shows them that you are a serious buyer. As a matter of fact, most brokers require their agents to have this document before they can even show you a home.
The homes imperfections may more readily stand out to you. With windy or rainy weather, homes can show their scars. Look for evidence of water intrusion and evaluate the yard debris with the falling leaves. Look at gutters and ceilings for both. Of course, I always recommend a home inspection to my buyers no matter how great the house looks.
It is a good time to visit the local school/s. With school in session, this is a good time to visit and ask questions from teachers and administrators.
If you don’t find the right home in the fall, then don’t be afraid to wait for winter if necessary. Buyers all but evaporate in the winter months, so while the competition seems low in the fall, wait for the right home to come along, even if it’s in January.
Buying a home this fall is exciting. By using the season to its advantage, home buyers can get a great deal finding their next home.