Fall is just around the corner. Maybe you are thinking about starting your home search as soon as the busyness of summer dies down ( or maybe you just want to enjoy your summer days as long as you can). Here are some tips for buying a home in the fall.
The Market
Home values typically see a slower rate of appreciation beginning in August. This is not true of all markets though so be sure to check with your experienced local agent about current market conditions in the area you want to buy.
Limited Selection
The peak selling season in most areas is the Spring. So homes that were put on the market have sold or sellers are frustrated and may take their home off the market to wait for next year as not to be burdened with the extra work of selling during the holidays.
More Negotiation Possibility
Homes that have been on the market since spring may have sellers more motivated to negotiate a lower price on their home. Sellers that are determined to sell their home will keep them on the market but know they may need to entertain a lower offer and come down in asking price a bit.
Maintenance
Fall is actually a great time to see how a home truly holds up during inspection time. The weather in fall turns a little wetter and stormier. This is a good time to see if there are any leaks or concerns in the structure of the home. It is also a good time to see how much the homeowner takes care of the landscaping and if there is proper drainage.
If you are looking for a better deal on a home and a truer look into the home’s condition fall is a good time to buy a home.
For more information on buying homes and Sunset Beach NC real estate please browse our website or contact us anytime.
These are great home buying tips. The fall gives you less options for homes but more negotiation power. If you can’t wait then buying in the fall isn’t a bad option but it’s best to take your time. Thanks so much for sharing!