Spring and summer are traditionally popular times to purchase a home in many parts of the country. However, home shopping in autumn can offer several unique advantages. Here are four reasons why you may want to buy a new home in fall.

Less competition

With summer over, the number of people actively looking for homes drops in many markets. Fewer buyers means less competition. That may mean you can take more time evaluating the homes you’re interested in and worry less about other buyers bidding against you on the place you want.

Lower prices

Less homebuying demand in fall can translate into lower prices. Sellers who have had their homes on the market through summer are likely to be more serious about selling now. With sellers more willing to negotiate, you could snag a home at a discount or get into a place that was previously outside your price range.

Better service

If summer is peak real estate season where you live, then real estate professionals may be able to show you more attention in off seasons like fall. That could mean better service or deals from real estate agents, lenders, moving companies, contractors and more.

Home for the holidays

With the right timing, you can buy a home in fall and be moved in just in time for the holidays. This allows you to enjoy the festive season in a new home. As a bonus, you can take advantage of holiday retail sales to outfit your new home.

Every season has its pros and cons for house hunting. If you prefer a more laid-back shopping experience and a better chance at a deal, fall may be the right time to make your move. To find out how much home you can afford and get preapproved for your loan, contact us today.

  • By: Draper and Kramer Mortgage Corp.
  • In: Real Estate
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