The idea of buying a home during fall doesn't follow the conventional wisdom we're used to, but it's actually the best time of the year to purchase a home.
While there are understandable reasons why most people prefer to buy their homes during spring or summer, we will break it down for you why you are better off buying a house in the fall rather than any other time of the year.
1. There's Less Competition
You are more likely to get into competition with a lot more home buyers in the spring or summer than in the fall. During spring and summer, most homeowners list their properties at premium prices. The summer real estate season has more willing buyers due to favorable weather conditions, so properties don't stay on the market for long.
You are less likely to find yourself in a bidding war for a home during the fall. In most cases, initially overpriced homes that didn't get buyers during the summer will be up for grabs in the fall.
2. The Realtor Will Give You More Attention
With everyone trying to buy their homes in summer, realtors are usually dealing with many more buyers. However, as fall approaches, the real estate market temperature cools down, enabling realtors to give you more attention. You’ll also have more time to go through all the homes extensively.
3. You'll See the Home for What It Is Flaws and All
The fall has some of the harshest weather, which in turn causes various weather-related issues. Therefore, when you purchase a home in the fall, you are more likely to see the home at its worst before purchasing it.
Harsh weather strips houses of their paint and other modifications. Therefore, if a home is still in good shape during the fall, then it's one great house.
4. It is Easier to Get a Deal
Owning a home isn't easy. On top of the taxes, add various maintenance costs that make it even hard to keep a house that you put on the market a couple of months ago. A desperate seller always equals a better deal for the buyer.
This fall might be your chance to get a new home at the best price. Most owners don't want to drag the sale of their house late into the winter since it might mean waiting till spring to get it off the market.
5. Furnishing and Home Appliance Deals
The fall coincides with the early November and Christmas shopping deals. This means you will get great deals on home appliances and furnishings to spruce up your home once you move in.
The fall is always the ideal time for these purchases as you are more likely to save big bucks than any other time of the year.
Buying a Home in Vermont
If you live in Vermont or need to buy a new home, there isn't a better place to start than with Heney Realtors. We can show you homes that fit your lifestyle and your budget in Central Vermont, as well as answer any questions about the towns and neighborhoods. There are many realtors out there, but it’s best to have one that knows the area inside and out.
If you missed out on a chance to buy a home in the spring or summer, there’s still time to buy a home this fall. Contact an agent today!