Why Fall Can Be A Great Time To Buy
We can’t deny that fall is here. This means that the days are starting to get shorter, but the benefits for home shopping are increasing. The Platinum Group, REALTORS know that in the colder months, the home shopping benefits grow. Real estate markets correlate with the seasons. The spring market comes alive when the flowers begin to bloom, and the winter season is officially over. Fall is usually the start of a slower market, but on the flipside, this could benefit buyers. The best real estate agents in Colorado Springs have a few reasons why the fall can potentially be a great time to buy.
Unsold Homes Leftover from Spring
New homes tend to hit the market during the months of spring. They are often times listed too high in price which means they are due for a few price reductions during the summer months. After Labor Day, sellers have fewer chances to get the attention of potential buyers. By October, sellers are more desperate, and buyers can potentially capitalize on this.
Families who have young children in school want to be settled in their new home by the start of the school season. This means that they are no longer shopping when the fall season rolls around. Since these types of families have left the market and are no longer house hunting, you will have less competition and more opportunities when it comes to buying a house.
New Year – New Start
Sellers who are highly motivated usually want to close by the end of the year. Homes are sentimental and are full of memories, but they are also a big investment for people. A home seller may be motivated to sell before the end of the year if they want to take advantage of a gain or loss during that tax year. As the buyer, you should keep your eye out for homeowners that are looking to make a deal so they can close before December 31st and get the tax benefit they’re looking for. It’s worth a shot to ask the seller why they’re selling and look for incentives to close before the end of the year.
If a home listing pops up near the holidays, you can almost guarantee that the seller is motivated. As the holidays get closer, the last thing a homeowner wants to deal with is a sale to be dragging or even interrupted by the holiday festivities. If a home is still for sale by November and is still on the market, chances are the seller is motivated and wants to get their house sold.
The Landscape Holds The Secrets
Believe it or not, one of the best times to do a property inspection is during the rain or snow. This is a time when the home will truly be exposed. This logic holds true for buyers shopping for a home in the fall. The flowers are beginning to die, trees are losing their leaves and the grass is turning brown. Fall is a time when the flaws of a house are revealed. This makes it a great time to see the true colors of a house. This way, you can see the flaws of the house before you make the offer, instead of being surprised once you are the new homeowner.
Fall is not only a beautiful season, it’s also a great season to buy a house. While fall may not be most buyers first choice when buying a home, the best real estate agents in Colorado Springs know that there are many benefits to buying a home in the fall. If you are on the search for a new home in Colorado Springs, contact The Platinum Group, REALTORS. When you hire an agent from the best team of REALTORS in Colorado Springs, you know they will be with you every step of the way. Visit our website to learn more www.PlatinumHomeSales.com.
The Platinum Group, Realtors The First Choice in Real Estate
Visit our website: www.PlatinumHomeSales.com
6760 Corporate Drive, Ste 300
Colorado Springs, CO 80906