Many people believe the best time to buy a house is spring and summer. The other seasons like fall are often overlooked. Many home buyers believe that fall is all about hunting for houses and Halloween. Contrary to popular belief, fall is a great season to buy a house. It might even be the best time to start looking for your dream home.
Find Affordable Homes
The real estate market becomes more stable as the days become crisper, much like a beach after Labor Day. Summer buyers are likely to have found their dream homes by now, which means that fall buyers will be less competitive for houses currently on the market. Fall buyers will have more freedom to visit open houses because not many people leave the market before the New Year. With patience and perseverance, there are still many homes available.
Worn Out Home Sellers
People who put their homes up for sale in fall are sellers who really need to sell. If the seller has put their home on the market in fall, it can be a powerful tool to negotiate a lower price. If you’ve been eyeing a property for a while, you will be in control of negotiating a price that the seller can’t refuse. A house that has been on the market for a while will give the buyer more negotiation power.
The Holidays Are Near
Many home sellers feel exhausted after the summer selling season. They are also caught between a rock and a hard place as the holidays approach. If they want to be able to move quickly and settle down in time for Thanksgiving and Christmas, they must close as soon as possible. If they offer you a great deal, consider offering to help them move out of their home in Myrtle Beach.
Year-End Credits for Tax
No one wants to buy a house just to make their accountant happy. There is an additional incentive that allows you to buy a house at the end of the fiscal years. You may be eligible for tax deductions, including closing costs and property tax. Mortgage interest can also be used to offset your taxable earnings.
Spend more time with your real estate team
With fewer buyers, you’ll have more time with your real estate lawyer and mortgage broker as well as all other members of your house hunting team. All questions regarding earnest money and title transfers, due diligence, etc. will be answered.
Home Improvement Deals
You might consider upgrading your appliances when you close on the house you bought in fall. December is a great time to buy big appliances like washers, dryers, stoves and refrigerators at their lowest prices. There will be great deals on cookware and TVs.
If you need the assistance of a professional agent in real estate, please call Full Potential Real Estate.
Full Potential Real Estate, LLC
Myrtle Beach, SC 29577