Why Is Autumn A Good Time To Buy?
Why is autumn a good time to buy? Many people think spring or summer are the best times for real estate but that’s not always true! Check out these reasons you should be shopping for a home in the fall!
- Less competition: Less buyers in the real estate market during the fall months means that the buyers that are home shopping are less likely to enter into a bidding war. Even though there are less homes on the market to choose from, buyers can find great deals if they are patient.
- Lower prices: Statistically, October is the best month to purchase a home because buyers are likely to pay less than market value during this time. Just for comparison, the month of April is the best time for sellers since buyers pay an estimated 1.2% above market value according to RealtyTrac.
- Tax credits: Closing on a home at the end of the fiscal year can reap some great benefits come the following April. These benefits are in the form of tax deductions; home owners may be able to deduct mortgage interest, property taxes and closing costs.
- Home improvement deals: When many home buyers move into their new digs, they often times want to start making improvements to the home such as investing in new appliances. December offers the best deals on appliances according to Consumer Reports and it’s also a great time to purchase televisions as well.
Your Neighborhood Real Estate Expert! I am with Re/Max Ultimate Professionals and have been a Broker full time for 14 years. Let my experience and success work for YOU; I am a top 20 agent in Will County and I'm also in the top 3% for RE/MAX world wide. I am ranked #17 in all of Illinois by Real Trends and I'm a multi-year recipient of the Five Star Professional award. I am a Top Producing Broker who works with Buyers, Sellers, Foreclosures, and Short Sales. I would love the opportunity to use my expertise in order to assist you through the home buying or selling process! Contact me today for more information and for a FREE market analysis! *Free notary services*View more posts from this author