Bummed you missed the Spring and Summer home buying season? Don’t be. Here are five reasons why now is a great time to hunt for your perfect home.
- Quality Time: Real Estate agents are extremely busy during the spring and summer buying and selling season. During the fall, they likely have a little more time to meet with you, show you multiple homes and help you tour the neighborhoods. And if you have kids of your own who are back in school, you may have more time to peruse listings and to meet with your real estate sales associate.
- Neighborhood Intel: During the fall, neighborhoods tend to be booming with locals walking around to soak up the beautiful weather and parents waiting at the bus stops to pick up their children. This makes it a great time for you to ask people what they like most about living in that area. If you have children or are planning to start a family, this gives you an opportunity to ask about the schools as well. Who knows? You may make a new friend before you even buy and move in. Before we bought our current home, I drove through during the fall and the winter and talked to anyone I could find. We found out the local school system was fantastic and learned about the neighborhood’s block party and holiday traditions. It set this location apart from all of the others and we haven’t once regretted moving here.
- Route Testing: Notoriously, the fall season brings the most traffic with it. Now, when traffic is at an all-time high, is a great time to test your commute route and time by doing a dry run from the neighborhoods you are interested in to your office. I don’t want to move anywhere that would have more than a 30 minute commute. When I chose my home during the summer, the commute was 15 minutes door-to-door. Enter fall, and my commute doubled to 30 minutes – still within my range but a bit jarring at first to say the least.
- Tax Breaks: When you complete your home purchase by the end of the year, your mortgage interest and property taxes are deductible from gross income. Buy now, get a break later.
- Festive Fantasizing: Potential buyers often walk through a home thinking about where the furniture would go, what paint colors they would use and how they would decorate their living space, etc. Me? I fantasize about where the Christmas tree will go and where I would hang Mr. Bones the skeleton and his skeleton family for Halloween. During the fall, you get a better idea of how other homes in the area are decorated and whether or not they do decorate can give you a feel for the type of community you would be living in. Before we bought, I noticed our community was covered in luminaries on Christmas Eve. This told me there was a great sense of community and tradition there. It was a huge selling point for me.
If you have bought a home in the fall, what additional advice can you offer? Also, if you are considering jumping into the fall selling season, click here for great tips.
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