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.