1. Fall real estate can be more of a buyer’s market
A buyer’s market means you, as a buyer, are in the driver’s seat. That’s good news if you’re home-hunting in the fall: There are typically fewer buyers after Labor Day.
If you don’t have school-age kids, the school year doesn’t matter and you can take advantage of the time of year. You might find that competition is down for homes after Labor Day, meaning you’re probably in a buyer’s market.
2. Vacation-home sellers see action
Summertime is prime vacation season. After you’ve had a particularly lovely time at your summer getaway spot, you might consider buying a place in the area and going back every year. By purchasing in the fall, you can see what the area has to offer in the off-season.
Winter is also a popular vacation time, particularly for skiers and people who love ice-skating and snow tubing. If you buy at a ski resort in the fall, you can enjoy the resort yourself or earn some serious dollars renting the place to winter-wonderland enthusiasts.
3. Home prices, like leaves, fall
Many people list their home for sale during what they think will be the best time to sell: summer. And it often is. Summer is peak selling season, but not everyone is successful. When a property hasn’t sold by Labor Day, sellers will reevaluate asking prices, creating greater room for negotiation.
4. There’s no deadline for most fall home buyers
When you’ve picked a certain neighborhood because of the school district for your kids, it’s imperative that you are actually in your home before school begins. But if the first day of school is not your concern, you don’t really have a deadline. You might want to be in a home before the holidays, but the stakes aren’t as high if you aren’t.
This blog post is based of an article found here.