Spring has always been a the busiest time of year in the residential real estate market and probably always will be. But for buyers with flexibility, considering a home purchase in the Fall can have many significant advantages.
Spring Lies! All those blooming trees, flowering shrubs, and gorgeous flowers can make almost any property look appealing while distracting you from exterior trouble spots that get exposed once Fall arrives, and foliage is sparse. Fall allows you to see your potential home through more honest eyes. It holds true for the inside of the home too. Is the home drafty in the colder weather? Now that the leaves are gone, you can see your true views from all the windows.
Discover Halloween Decor Horror: We all love some holiday spirit, but what if your potential neighbor puts on a Halloween show that even NASA can enjoy? Get an idea of what we mean with these homes featured on Realtor.Com. You might want to know if you can expect a parade of cars coming to the neighborhood to see their epic holiday displays, or if all those lights will be blinking in your future bedroom window. If you buy that same house in the Spring, you will have no idea what awaits you in a few months. Trick or Treat!
More Realistic Sellers: Homes on the market in the Fall are sometimes there because the sellers tested the market at a higher price point in the Spring only to find out they priced their home too high. Now, that they’ve been through that process, you will benefit from more reasonable list prices and sellers.
Less Competition: Most families with children will buy in the Spring so they can move and get settled before school starts. This means a lot less people in the market, outbidding you on a property. Doesn’t that sound a lot less stressful?
Motivated Sellers on a Deadline: Nobody wants their house on the market over the holidays. These sellers want to sell before it disrupts their family traditions, parties, and travel plans. And if that’s not the case, it’s also close to the end of the year, and sellers are likely anxious to close by Dec. 31st for tax reasons. This also means you will be in your home for the holidays, and starting your own traditions.