Fall isn’t just for pumpkin spice anymore - it’s also a great time to buy a home! Sure, it’s not what we think of as the “traditional” homebuying season, but the slowdown in the market creates an excellent atmosphere for buyers. First of all, you’ll have less competition. Families have settled in for the school year, and with a sizable percentage of the housing market not shopping, that gives other buyers, such as millennials and baby boomers, a chance to step in and make an offer. Most homes don’t show as well once the landscaping fades and the home’s flaws are more apparent. For a buyer, that means being able to assess the property more accurately before making an offer.
Additionally, sellers are in the mood to make deals. Those who put homes on the market in the spring are anxious to get rid of any leftover inventory, and ambitious sellers will want to close by December 31 to get that tax benefit. With home prices and mortgage rates on the rise with no signs of turning around, the financial benefits extend to the home buyer, too. Buying sooner rather than later could lead to lower housing costs and substantial savings. Whether you’re buying a home or paying rent - you’re ultimately paying a mortgage, either yours or your landlord’s. Buying a home this season just might be the right thing for you. So make your housing cost work for you, cuddle up in your favorite sweater while you look for listings with incentives to close by the end of the year, and fall into your new home this season! Call 214.888.6864 and let the Housed team help you make this the best fall yet.