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The summertime real estate season is as hot as the weather, but there are amazing benefits to purchase in the fall

For the first time in recent history, October surpassed June as the most popular month to get married. And these autumn-loving brides may be on to something: Although the spring months are notoriously the best time to buy real estate (as well as have a wedding), fall may be the new ideal season to buy a home.

1. There’s less competition

Competition for houses drops off in the fall, a time many people consider to be off-season in real estate. But there are still homes for sale — and in some cases, there’s just as much inventory as there was during the spring and summer.

2. Sellers are worn-out

Some sellers who put their homes on the market during the prime selling times of spring and summer might have been a tad overconfident by listing their homes for more than buyers were willing to spend. After months of no action, these sellers are often ready to make a deal.

3. Sellers are serious

Not all homes on the market in the fall are summer leftovers. Some people need to sell in the fall because the timing is right. Maybe they were having a home built, and it’s now ready. Maybe they need to move because of a job. The sellers with houses on the market in the fall tend to be serious

4. You’re the center of attention

Because spring and summer are ideal times to buy a home, real estate agents are usually busier. And that could mean you might not always get the attention you want. This is also true for other professionals you’re working with to buy a house. Service providers, such as mortgage lenders and title companies, are moving out of the summertime sales swamp and can often respond more quickly

The same goes for movers. The probability of experiencing a delay goes way down in the fall season

5. You can take advantage of end-of-year sales to outfit your home

There are bound to be improvements you’ll want to make after buying a house. You’ll also probably need to buy items to maintain your home, and if appliances weren’t part of the deal, you’ll need those too. Wouldn’t it be great to coordinate your home purchase with sales on items you’ll need? According to Consumer Reports, the calendar determines when it’s a good time to buy all sorts of consumer goods. In particular, September is a great time for buying carpet and paint. October means lawnmowers go on sale, and appliances and cookware are cheaper in November.

Did you buy your home in the fall? Would you recommend buying in the fall real estate market? Let us know in the comments!

Need advice on what your home needs to sell fast and for top dollar? Call today!

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Posted by Paul Lamba on October 25th, 2023