5 Reasons Why Fall is the Best Time to Purchase a Home

So why is the fall a perfect time to purchase your new home? A lot of people will say that the summer is the best time, but that seems to be fading fast. While many home-buyers already know that once fall hits, there are numerous befits to purchasing your home that just are not available other times of the year. Let’s look at a few of them

5 Reasons Why Fall is the Best Time to Purchase a Home

1. Year end Tax Breaks: Simply close before December 31st and any property tax and mortgage interest you pay are tax-deductible for that year. This can significantly impact the amount you owe Uncle Sam, or possibly increase your refund.

2. Less Competition: since everyone typically is purchasing their home from May to August as per the National Association of REALTORS. You will less likely have much competition when homes come on the market.

3. Eager Sellers: Seller will be become more motivated as their home stays on market longer. This could allow you some more negotiating room.

4. Lower Moving Costs: If you are planning on hiring a moving company, normally in the fall and winter they tend to be less busy, which means you could possibly enjoy a more flexible schedule and lower costs

5. Quicker Transactions: Sellers who are motivated, Title Companies are not as busy, could help reduce teh time it takes to close.

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(all data current as of 11/18/2024)

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