Are you a buyer who wasn’t able to buy anything this summer? Don’t lose heart; there are many reasons why the fall is the best time to buy.
- Sellers who weren’t able to sell their homes over the summer usually consider price reductions in the fall. Sale prices fall an average of approximately 3% in September through November.
- As a buyer, you won’t be as likely to be involved in multiple-offer situations in the fall. You will have fewer buyers to compete with, and you will have a larger selection to yourself.
- You can enjoy year-end tax breaks such as the mortgage interest and property tax deductions.
- And finally, mortgage interest rates remain low.
So if you’ve backed off making the decision to buy, you may want to reconsider. This is a great time to do it!