3 Reasons to Buy A Home in the Fall

Out of all four seasons, the fall months make the best time for moving into a new home. Here are three reasons you should wait until autumn to shop and get a property.

1. Reduced Prices for Fall Home Buyers

Recent studies show that prices for property listings significantly drop as the “ber-months” arrive. Realtors that post listings early in the year will slowly reduce the prices as the season progresses. The move makes their homes more attractive to potential homebuyers.

Typically, 14% of properties on the market get a price decrease from May to October. September seems to be the sweet spot for buying a home in summer.

If you plan to buy a property, it’s advisable to wait until early fall to check listings for better prices. Though keep in mind that due to the lower rates, the market will be a bit more competitive.

2. Easier Marketing During the Fall

Open house visits play a vital role in the home-buying process. On the one hand, checking out the home lets realtors showcase the property’s finer points. On the other hand, potential buyers can inspect the house and the neighborhood first-hand.

And when it comes to open house visits, fall is the best season to schedule them. The combination of cool autumn weather and buyers’ loose schedule allows realtors to set proper times for the visit.

As a homebuyer, we strongly recommend participating in physical open house visits. While virtual tours have been popular in the past couple of years, nothing beats being on the property and “touching the grass” first-hand.

3. Tax Breaks and other Money Savers

We know that when homeowners pay property taxes, they can be deducted from their annual tax returns. But did you know that these can be applied even if you get the home late in the year? If you start the process now and close before the year ends, you can still use the taxes paid before closing as tax-deductible.

Along with the potential tax break, many stores will offer bargain prices for large purchases like living room furniture or kitchen appliances. This adds more incentive to get a house during fall, as you can get great discounts for the stuff you’ll need in your new home. Plus, home services like carpeting and painting may also come at a lower cost.

Fall is not only the season to get enjoy cool breezes but also the season to purchase a new home. And with the listed items, there’s no reason not to do so. For reliable assistance in Islamic home acquisition alternatives, IjaraCDC is here to help. Talk to our team today and get started.