The time most people go out to buy a house is spring, that’s because families usually find it easier to move during the summer since the kids will be on school vacations. Also, since spring is the peak season of landscaping, it’s the time where the houses will be at their best look.
However,
There are many advantages of the real estate market that you can enjoy during fall! It involves things like lower prices and less competition, which are two highly important things to diminish your stress levels when buying a house. Keep reading to check all the advantages of buying a home during fall.
"Delicious autumn! My very soul is wedded to it, and if I were a bird I would fly about the earth seeking the successive autumns." - George Eliot
Seller’s Motivations Are Higher
If a house is still on the market by fall, sellers will start getting more motivated to sell it since they are probably eager to get their own move going before winter comes. After all, nobody wants moving stress to get in the way of their holidays.
For that reason,
Sellers are more likely to negotiate and make the deal work - whether the matter is about the closing costs or move-in dates.
Less Competition
If there’s one thing we all get bothered by is not getting the due attention from the sellers to answers all of our questions about the house. Actually, everyone involved in a transaction like this will not be able to give you the attention you’ll want if you’re trying to buy a house during peak season.
That’s a reason why fall will work out great for you!
Fall is the time when the schedule for all those people involved in real estate will be lighter, which means they’ll be able to focus more on you and help you out. Plus, since there are fewer buyers, the chances of you making a successful offer are higher.
Prices Are Lower
We were talking about how spring is the peak season for the real estate market and, well, most sellers list their homes with a value that might even be above the true market value. If they don’t close a deal in the first couple of months, it’s more likely that you’ll be seeing those prices go way down as fall approaches. If the house reaches October still being on the market, the prices can even go lower than the actual market value.
Safer Season
There are two things to keep in mind when we say it’s a safer season:
- The “burglary season” usually happens around July and August, so waiting until September/October is a good way to learn more about the neighborhood and its safety
- Fall is when kids get back to school routine and the neighborhood fills in with life again, great to check the real atmosphere where your family will live
But remember, even though you’ll be buying your house in a safer time of the year, it doesn’t mean you don’t need to take safety measures.
Installing a home security system is of major importance!
The average cost for this type of service will vary according to where you’re located, if you’re in Buffalo, NY, for example, the range is about $825, while in Detroit, MI the cost will be closer to $780. For a more accurate estimate, you can call a local professional.
Home Upgrades Become Cheaper
Usually, when you buy a house, there are some small tasks and upgrades that need to be done. Things like:
- Replacing the carpet
- Getting a new coat of paint
- Buying new (major) appliances
And did you know these services are cheaper in the fall? Just as the house prices go down, these services costs go the same way.
Bonus: Remember to get the house inspected to know what are the issues with the home you’re purchasing! Get a free quote for the service here!
