The peak season for both buying and selling a home has traditionally been in the spring. There are many reasons as to why this is. It's helpful for those with kids because it's not as disruptive to their school year. On top of this, the weather is great, which makes looking for a home much easier for buyers. It also makes moving a lot easier as well since you most likely won't have to work around rain or snow. However, because it's such a popular time to buy and sell, it often means higher prices. While there are many benefits, you should also know these four reasons it just might be better to buy in the fall:
Sellers Have a Motivation
Since selling a home is much more convenient in the spring most homeowners will wait until then. However, if a home is on the market in the fall, there's often a reason and it usually means that the seller is looking to sell fast. Many times it could be because of the need to relocate for work. This makes it easier to negotiate on a price and buy quickly.
Since most buyers are waiting to buy until the spring season when more homes are on the market, you are sure to have less competition. So while there are fewer homes on the market in the fall, once you do find a home, chances are, your offer price is going to end up being the best one since there won't be many other buyers putting down an offer, as well.
More Attention From the Realtor
Using a realtor to buy a home is crucial, especially in the fall when there aren't as many homes on the market. Your realtor will have a list of all the homes on the market, which can help you narrow down your choices more easily and find homes that you might not have been able to find on your own. Working with a realtor in the fall also means you have more attention from them since this isn't a busy time of year for them. This means more focus on your needs alone and more time to meet with them and look at homes.
Other Services are More Affordable
On top of the fall season being a slower time in real estate, it's also a slower time of year for contractors. If you need any work on the home once you buy, you can expect lower prices for the work needed, as well. This is helpful when deciding on a home to buy. If it needs work, you know that it's something that can be done by a contractor you trust and it can be done quickly for a lower cost.
With these four reasons in the back of your mind to buy in fall, you can see why it just may be well worth it to start shopping then instead of waiting until the spring season.