Summer may be one of the most popular times of year for home buying, but fall is also a great time of year to purchase a home. During the fall, you'll get more time with your real estate agent, you'll encounter eager sellers, and the competition will not be as fierce.
#1 More Time with Your Real Estate Agent
Spring and summer are two of the busiest times of year to purchase a home, which means any real estate agent that you work with is more than likely going to be working to the max during these periods. Fall is not as popular of a time to purchase a home, so you are more likely to get more one-on-one attention from your real estate agent. Your real estate agent is going to have more time to help you find the perfect home for your needs. It also means that you will have more opportunities to talk with your real estate agent to ensure that you understand the buying process in full.
#2 Sellers Are Eager to Sell Their Home
You will also encounter eager sellers during the fall. Any homes that have been on the market throughout the spring and summer are going to have sellers who are eager to sell their home. That may mean they are willing to take a lower asking price or offer you a deal, such as paying your closing costs or doing certain repairs around the home.
Many sellers do not want to be moving during the holiday season, so they will be eager to close a deal in October or early November before the holiday season really gets started. No one wants to be moving and cooking Thanksgiving dinner at the same time!
#3 Less Competition
During the spring and summer months, homes are in constant demand. This means that a home could go on and off the market in days. In the spring and summer, you may be competing against multiple offers each time you put an offer in on a home. In the fall, you are less likely to be competing against multiple offers when you put an offer in on a home. That will allow your offer to really stand out when the buyer doesn't have to look over so many offers.
Fall is a great time to purchase a home. You'll get more attention from your real estate team, you'll find sellers who are eager to sell their homes before the holiday season, and you'll have to compete fewer other potential buyers.