The Facts about Fall Homebuying

People love autumn for many reasons. For buying homes? Not so much. But this doesn’t mean autumn doesn’t have its own distinct benefits if you’re in the market for a new home.

Crunch time has arrived.

For homeowners whose property is still on the market after summer, nervousness is likely settling in—their house still hasn’t sold, and the holidays are approaching—so they might be motivated to negotiate, sell, and settle before the holidays hit.

Less competition.

Looking for a home in peak buying seasons can be challenging. Warm-weather home buyers are like shoppers who fight crowds to pay full price for the holiday’s must-have gift. By home shopping in autumn, you’ll be like the shopper who gets the same gift—without the competitive stress.

Better values abound.

Research has shown that home prices often drop in autumn due to the lower number of buyers in the market for a home during the fall. A Trulia study also determined that fall is advantageous for first-time home buyers because the availability of starter homes peaks in autumn.

More personalized attention.

Your real estate agent likely has much more client activity during the spring and summer, so come fall, he or she will have more time to focus on you and your home-buying needs.