Fall Real Estate Market

Crunchy leaves are starting to land as fall approaches! Did you know that Fall is a great time to buy a home? It is! While there is lots of real estate traffic throughout the spring and summer, Autumn has some distinct advantages for home buyers.

1. Many Fall Sellers are Motivated

The age old statistic says that the Spring Market is the best time to sell a home. This can be true for many sellers as many buyers flock to compete for fresh new homes in the spring. Spring and summer are great times to move if you are juggling work and school schedules. Sellers who are selling in the fall often need to sell and aren't "just trying things out." Many companies make adjustments to the company structure in the fourth quarter and transfers often occur in the fall. This pushes homeowners out of their house and onto the city they were transferred to making Fall a great time to buy a home!

2. Leftover Homes from Spring Can be found for Great Prices!

If a seller has decided to sell in the spring and didn't get their price they are likely exhausted and ready to take their home off the market. That is unless they are highly motivated to sell. A motivated seller will price reduce their house to get it sold and if they are still on the market you could scoop up a great deal before another savvy fall buyer.

3. Lower Fall Taxes

No tax evasion, just math and timing. Many agents recommend closing at the end of the month as this can reduce your closing costs by paying less interest upfront on your loan. If you close on the second day of the month the interest is factored into your closing costs for the rest of the month. Whereas if you were to close on the thirtieth, there will only be a could days of interim interest. Property Taxes can work the same way as they are paid yearly. The later in the year you close on a house, the lower your portion of the property taxes will be on closing day. This makes Fall a great time to close on a house!

4. Fall Sales!

Every new home will need things to fill in the livability and make it your own. End of year sales can help reduce the price of new furniture and decor for your new space. Summer closeouts and end of season sales can even yield seasonally appropriate items like a fire-pit!

If you are looking for the right home and need an agent that knows the fall market give Pro Realty Group a call, we love pumpkin, cinnamon, cool crisp air, and warm beverages by the fireplace!