Even though Spring and Summer are often the favorite housing market season, Fall may be just the right time for you to buy! Below is a summary of 5 tips to help you on search! For the full article by www.credit.com, click HERE
1. Know Your Market
Different cities may have different patterns during the Fall season. Do online research of the areas that you are interested in and work with a real estate agent knowledgeable in those areas. The more you know, the better you will be able to find something that fits your needs. Check out our calculator to see how much you can afford. Your credit scores will also play a big role in what you can afford. You can check your credit scores through www.credit.com.
2. Check on Maintenance Needs
One benefit to viewing homes in the Fall, is that it can give you the opportunity to see what it may need in terms of improvement. Check the gutter drainage, see how much upkeep the yard may need in the Fall, and look out for drafts inside the home. Don’t forget to keep an eye out for leaks during the rainy season!
3. Look for Negotiation
In the Fall, there may be fewer houses on the market, but there will also more than likely be less competition. Many families may have purchased during the Summer in order to be in a home before the new school year, which means there may be home sellers that are willing to lower the price. There may even be some homes that are still on the market, which means you may have room to negotiate price.
4. Ensure Cheap Labor
The Fall and Winter can be a great time to make home repairs. Typically construction slows during the holiday season so you may be able to work out a deal with your local contractor if you need any home improvements done in your new place!
5. Take Advantage of Tax Breaks
Many people are starting think about year-end tax breaks during the Fall and Winter. Often times, a seller or builder may offer incentives to get a buyer to purchase before December 31st in order to avoid paying another year of taxes. Owning a home can offer significant returns in tax breaks as both property tax and mortgage interest are deductible from your income.
Keep in mind, that no matter what the season is, the real estate market never closes. The best thing to remember is to purchase when the time makes the most sense for you and to do your research and work with the best agent in order to get you into the home of your dreams!