The weather is getting cold and dark in autumn, but you can’t deny that it’s a terrific time to buy a house. Probably, you’re hesitating about such a thought because holidays are coming fast. The thing is, the fall offers you tons of home buying perks that you can’t get during other times of the year.
That’s why the best buyer’s agent suggests you try real estate shopping in the fall as well.
Here’s Why You Should Buy a House in Autumn
1. Better Home Price Deals
First of all, the prices of house properties hit rock bottom during the fall.
That is because most sellers list their properties in spring or summer. What’s left during those seasons remains on the market in autumn. Meaning sellers are already desperate to sell their properties immediately. That’s why they pull down the price and are even eager to accept negotiations.
2. Lower Mortgage Interest Rates
Average mortgage interest rates also drop in the fall. In late 2019, experts have recorded around 3.3% interest rates. That can mean two terrific things for you.
First, it means you’d pay lesser throughout the life of your home loan. And second, you can allot your extra cash to other costs.
Meaning you can put more cash on other household expenses and savings. You can even use the extra amount to purchase a house with a slightly higher price.
3. More Sellers want to Close a Deal Right Away
As mentioned above, more sellers want to close a deal immediately. This condition can make it faster for you to buy a house.
This is because they’ve been on the market since spring or summer. Winter and the holidays are fast approaching too. So, they’re likely to give in to negotiations and avoid delays throughout the transaction.
4. Far Less Competition
The buyers’ competition would also favor you during the autumn. Expect to have lesser competitors because people are less likely to shop for a house in the fall.
First, they don’t want extra hassles and expenses right before the holidays come. Second, the sky is already dark when it’s time to leave the office too. Meaning most potential home buyers do not have time to tour houses in the fall.
As a result, you’re free to shop around the market for the best house that fits your preferences and needs. For example, you can leave a house that you’re likely to buy. You can then roam around the market to see if there are better choices. If you can’t find any, then you can go back to your initial choice without worries and close the deal.
5. Comfortable Weather
Another good thing to shop for a home in autumn is the weather. The beating summer heat is gone, but the winter cold is still a few weeks away.
That is another reason to feel comfortable while hunting for a house to buy. And as mentioned, there’s little competition too, so you can take enough time to search and buy the right house for you.
6. Weather Reveals More Flaws on a House
Interestingly, the weather also helps you see more flaws in a house right away. After all, there are lesser greens in autumn, so you can see how a house looks in not-so-favorable weather.
Moreover, it would be easy for you to spot leaks, heating system malfunction, draughts, and other problems in the house.
However, that doesn’t mean that you should skip hiring a professional home inspector. They can still help you spot hard-to-notice problems. That can help you a lot during negotiation.
7. Agents and Vendors Want You
As mentioned above, autumn has far less buyers in the market. Meaning many agents and vendors have slow business in the fall as well. Of course, you should take advantage of that.
It would be easy for you to find the best vendors or agents to hire. That includes Realtors, home inspectors, lenders, appraisers, and movers, among many other service providers. You can enjoy a lot of promotional discounts as well. Moreover, they can deliver quick but quality service to you because they have a small number of clients to worry about.
Buy a House in the Fall and Enjoy these Unique Real Estate Perks
Autumn isn’t that bad for real estate buyers, after all. It offers many valuable perks that can lead you to the best deal to close.
However, remember to find a reliable Realtor to help you find the best property on the market. They can help you buy a house that fits your needs, preferences, and budget.