There are two seasons that the real estate market finds incredibly active: spring and fall. If you are in the market to purchase a new home the fall season that is almost upon us may be the best time. Take a look into why we think Late September, October and early November are the best months in real estate to look into buying a home.
First, let's talk about the lack of competition in buying during the fall season. Less people purchase homes in the fall because it is notoriously spring that is known for purchasing a home. The fall season is a perfect time for new inventory and repositioning of older inventory that did not sell during the previous season.
Buyers are better able to negotiate a deal on homes that are leftover from the spring and summer inventory. Sellers are always motivated after their homes have been on the market awhile and are interested in getting into new homes before the holiday season. It is a great time to negotiate with sellers.
Another reason the fall is a perfect time to purchase a home is simply because sellers are worn-out. This is especially true if they out their home on the market during the prime spring selling season and were a tad overly confident about how much buyers were willing to spend. If a seller has set an unrealistic objective when pricing their home at first they are going to be more eager than ever come fall to find a buyer.
Don't take this to mean that all sellers during the fall are leftovers unsold from the spring. That is not at all true. In fact many sellers that newly list their homes in the fall do so because they need to. Whether they have bought a new home, finished building a home, were transferred or are interested in making a change before the holiday, sellers in the fall are often the most serious about selling.
Another great benefit of buying a home during the fall is the tax advantages. Both property tax and mortgage interest are deductions that can be taken on the whole year's income. Even if you purchased the home in late December the tax advantages are yours for the whole year. The payments made before the closing of the loan are all tax deductible. This can make a big dent in the amount of money that is owed to the government at the end of the year.
Fall is a perfect time to find you and your family in a new home. Call to talk with a real estate professional today to find a home that best meets your unique wants and needs.
Lady of the Lakes Real Estate is Livingston County's premiere realtor; out of Pinckney, Michigan helping buyers buy and sellers sell homes that provide a recreational lifestyle including golf courses, lakes and the Huron river chain of lakes, throughout Brighton, Howell, Pinckney and the surrounding area. Find out more at http://www.ladyofthelakes.com.