If you’re on the fence about when to buy a home, know that there are three good reasons to purchase in the fall.
The fall market isn’t as hot as it is in the spring and summer, so why should you consider purchasing in the autumn? There are actually three good reasons to do so:
1. There’s less competition. There are so many buyers out in the spring market who are ready to make offers on homes. Since there are fewer in the fall, that means you’ll have fewer competing offers to try to outbid, if any at all.
Since there are fewer buyers in the fall, that means you’ll have fewer competing offers to try to outbid, if any at all.
2. Fall sellers are serious. If a seller chooses to list their home in the fall, there’s probably a reason behind it—they might be transferring to a job out of the area, they might have a home under construction somewhere else, or some other reason that makes the timing of their fall home sale important. Most of the sellers we know here in Omaha are motivated to sell their home before the snow begins to fall.
3. Interest rates are low. Traditionally, interest rates tend to dip down towards the end of the year, increasing in the spring when activity picks up.
If you have any questions about buying a home in the fall or need an agent to help you accomplish your real estate goals, reach out to us. Find out what’s different about NextHome Signature Real Estate.