Spring and summer has long been considered as the best time for buying a home. Meanwhile, the other seasons, like fall, gets tossed aside. Some home buyers think that fall is more about Halloween and turkey dinners and less about house hunting. But contrary to what people think, fall is not only a great time to purchase a house, but it might just be the perfect season to look for your dream home.
Find Affordable Houses
When days turn crisp, the real estate market clears out, just like a beach following Labor Day. Many summer buyers have already found their dream home and that means, fall buyers will encounter less competition for the houses that are currently available in the market. A lot of people drops out of the market until after the New Year, which means fall buyers have more space to roam when visiting open houses. Although there might not be as many homes to choose from, you can still reap big rewards with a bit of patience and perseverance.
Worn Out Home Sellers
Sellers who have put up their homes in the market in fall are people who need to really need to sell their properties. This can serve as a leverage for the buyer when negotiating for a better price. In case you have had your eyes fixed on a certain property all summer, you are going to be in the driver’s seat as far as coming up with an offer that the seller won’t be able to refuse. The buyer will have more negotiating power for a house that’s been sitting on the market for a long time.
The Holidays are Near
Most home sellers are worn out following the summer selling season and they are likewise caught between a hard place and a real estate rock as the holidays come closer. In case they would like to move and settle down just in time to host Thanksgiving and set up their Christmas lights, they need to close, as soon as possible. So when buying a home in Myrtle Beach, be sure to use this pre-holiday period to your advantage by offering to assist them in vacating the place if they give you a good deal.
Year-End Tax Credits
Nobody wants to purchase a house for the sake of making their accountant happy. However, there is a sweet extra incentive too that makes the perfect time to purchase a house when it is almost the end of the fiscal year. On April 15 next year, you may get tax deductions including property tax, closing costs, and even mortgage interest to offset your taxable earnings.
More Quality Time With Your Real Estate Team
As the year comes to a close, less number of buyers mean you will have the full attention of your real estate lawyer, mortgage broker, real estate agent, and all the others who are part of your house hunting team. You will have the time to ask all the questions you might have regarding earnest money, title transfers, due diligence, and more.
Home Improvement Bargains
When you close on that house you found in the fall, you might want to upgrade your appliances. Fortunately, December is when big appliances, like stoves dryers, washers, and refrigerators, are at their cheapest. You will also find good deal on TVs and cookware.
Call Full Potential Real Estate if you the help of a professional real estate agent.
Full Potential Real Estate, LLC
Myrtle Beach, SC 29577