Real Estate
Advantages of Buying a Home in the Fall
Less competition, lower home prices and year-end tax breaks are just a few of the reasons to shop for your new home this fall.
Many buyers believe spring is THE time to buy real estate. Here are 7 reasons why you should reconsider...
Less Competition - Spring is known to be the busiest time in real estate. Avoid bidding wars and enjoy more bargaining power when there are less buyers to compete with.
Find out what's happening in Tredyffrin-Easttownwith free, real-time updates from Patch.
Lower Home Prices - Statistically, October has the lowest home prices of the year. Homes that may have been overpriced in the spring are now reduced making sellers more than ready to make a deal. Also, sellers listing in the fall often have a pressing reason to sell, such as relocation. This gives the buyer the upper hand in negotiating an excellent deal.
Better Service - With less competition, service providers have more time and energy to focus on their client. That also goes for mortgage lenders, title companies and even movers! Get their full attention and maybe even their best deals when demand is low.
Find out what's happening in Tredyffrin-Easttownwith free, real-time updates from Patch.
Great time for new construction - The average completion time is 6 months for new construction. That puts your move-in date just in time for spring!
Observe Home Efficiency and Maintenance areas - Fall is a great time to assess the exterior maintenance of a home. Check out gutter drainage and make note of the general yard upkeep to see if you are up for the task. Also, check for drafty windows and furnace function while walking thru your potential home.
Home Improvement Savings - Holiday and End-of-Year sales are just around the corner. Save on new appliances and furnishings right when you move in.
Year-End Tax Breaks - Both mortgage interest and property taxes are deductible from your entire year’s worth of income, no matter when you close on your home. Therefore, get the most out of your tax return the later in the year you close!
When you look at September/October sales in just Tredyffrin/Easttown from 2015 to 2016 the average days on market to sell a property has remained the same about 60 days. According to MLS Statistics, prices are down a little for Fall 2016 in T/E making it a good time for buyers to purchase along with today’s low interest rates.
Browse more of our current listings at Caterson Advantage.
