Traditionally, as the leaves begin to change and the weather becomes cooler, many would say that it isn’t a very popular time to buy a home. While that might be the case for some, research actually shows several benefits to home buying in the fall making it a great time to start house hunting.
Larger Inventory Selection
In all other seasons of home-buying, the market tends to boom, making your options limited. You might find that houses fly off the marketing weeks or even days after being listed. This can be quite a headache when you are searching for the right place to settle down in. However, during the slower autumn season, we actually find that there is a larger inventory to choose from. This selection ranges from homes that have been on the market for a while to brand-new listings and are perfect for anyone looking to shop around a wide variety of options.
Better Prices
Often times, homeowners are eager to sell their home in the fall because they know it isn’t as popular of a time to list a house. This is perfect for someone wanting to purchase because you are more than likely going to be able to score a better deal than what the home was previously listed for. Depending on why the seller is listing the property, whether it be that they are move or want to free themselves financially, they may work with you on lowering the asking price. Again, working to your advantage to get the perfect home during this cooler season.
Slow-paced Competition
Another great benefit to fall home-buying is that you won’t have as much competition when you put in an offer on a home. We all know the feeling when you find a great deal on a home, but someone beats you to the offer. Nothing is more stressful and discouraging than when you put all the work into visiting a home, checking your finances, getting approved for a loan, etc. and then someone beats you to it. However, you won’t have to worry about this happening quite as often in the colder weather because there aren’t as many people house-hunting during this time. Furthermore, you’ll be able to shop at a slower pace and perhaps land a better deal.
Although the warmer weather is more commonly known for being a better time to purchase a home, there are many benefits to waiting until the fall to begin house-hunting for that dreamy property your whole family will love. By waiting until autumn, you’ll be able to search through a larger inventory of homes at a pace you’ll love while potentially landing a better deal with an eager seller.
Contact our real estate agency service the Joplin, Carl Junction, and Carthage area at CharlesBurt.com for more information about the current Missouri housing market.