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Why Fall Is The Best Time To Buy A Home

Why Fall Is The Best Time To Buy A Home

November 9th 2018

Fall brings a ton of changes — new schedules, colder weather, the colors outside…so why not add one more to the list? A new home!

With the busy summer season behind us and autumn in full swing, there are plenty of reasons why it is a great time to be a homebuyer in Cape May right now. If you have been thinking of making the jump into a new home, here are the reasons you should do it in the next couple months. 

1. Prices are dropping

Most sellers put their homes on the market in the spring, so come fall the homes that haven’t found their buyer match just yet have been lowered in price! Sellers are itching to get their homes sold so it’s likely you will get more bang for your buck when you buy in the fall.

2. The end of the year is near

Sellers want to have a settlement done by the end of the year, so the closer it gets to December the more likely they are to negotiate in the buyers’ favor!

3. Less competition

Most people want to be moved into their new homes before fall really gets started, so that rush of competition looking for the same type of home as you will be decreased by huge numbers!

 4. Discounts on appliances

Once you get all settled into your new house, you may find you want to update some of the appliances. According to Consumer Reports, December is when appliances are at their cheapest.

5. Tax credits

Buying a house towards the end of the fiscal year can bring a ton of tax benefits come the following spring. You know what they say, spend money to make money!

6. Better for home inspection

Because of the rainy days and cooler weather that fall brings, you may find out some things during the home inspection (leaks, drafts, etc.) that wouldn’t be so obvious if you bought in the summer!

Eager to take advantage of the fall buyer’s market? Check out our current listings here and contact the Coastal Marketing Group today to get started!

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