Friday, November 26, 2021 / by Blake Hollaway
If you're in the market for a home here are six reasons why you should buy in the fall!
1. Increase Number Of Homes For Sale
Research has shown that people held off selling their homes in 2020 and early 2021 due to COVID-19. Now that the vaccine is more widespread, more people are finally listing their homes for sale again, giving home buyers more options to choose from again.
2. Possible Price Cuts On Older Listings
Fall traditionally has fewer buyers due to the weather and the holiday season, making it the ideal time to get a good deal on a nice home that may have been sitting on the market for a longer period of time.
3. Slower Price Appreciation
After a year of skyrocketing housing prices, experts are finally seeing the prices slow and lower.
4. Historically Low-Interest Rates
Low-interest rates and slowing house prices are making buying a home more affordable.
5. End Of Year Closing
Homeowners looking to sell their home may want to take advantage of a gain or loss within the tax year. In order to do this, they must close on the home before December 31st which means sellers may be looking to close quickly.
6. Winter Weather Can Reveal Flaws
The colder weather can make it easier to see or feel if there are flaws in or around the home. During colder months, it can be easier to see the structure of the home that flowers and shrubs may hide in warmer months. You will also be able to tell if a home is cold or drafty and how well the heat or installation works in the home upon your walk-throughs.