Change of Season, School and Holidays
Buying a house before winter sets in is very appealing to most home buyers. Its hard enough worrying about icy roads and snowstorms let along moving in it.
While the kids are busy at school and activities, fall is a great time to move. You’ll be settled into your new home before Thanksgiving and the winter holidays.
Supply of Homes
While home demand is not as keen in fall as it is in spring, it’s still high, so competition can be high, too. Fall buyers and sellers tend to be motivated to move, unlike the window-shoppers who sometimes come out in spring.
You may experience pressure to buy, due to the quick turnaround of houses on the market, but you’ll also benefit from the broad selection of homes available. In fact, between now and November, you may be able to visit several open houses in a single day, and listings will be updated frequently. Therefore, to make sure you don’t miss out on your dream house, it’s a good idea to regularly check listings under our current listings.
Year-End Tax Breaks
Starting this time of year, people start to think about what year-end tax breaks they might be eligible for. Fortunately for home buyers, owning a home can yield great dividends in tax returns. Both mortgage interest and property taxes are deductible from gross income. Furthermore, if you have prepaid some interest before the due date of your first payment, and if you close your loan before the year’s end, that interest can also be deducted.
Before you make an offer, know what kind of house you need and what you can realistically afford, and stick to your budget. You may want to explore prequalifying for a loan so that you’ll be ready to act when you find the home you want.
Whichever season you buy in, buy at the best time for you and your family, and hold out for the right house – there are always more homes to see and to choose among. Call me TODAY to discuss all your real estate options!!