If you are planning to be a buyer in the market this fall for a custom home in Boerne
, you may be worried you missed the peak of the home buying market by not shopping in the spring or early summer months. Oftentimes buyers think that once kids go back to school, their chances at finding the right home or selling their own home will be much harder. However, many buyers don’t realize the advantages that come with shopping during the later months of the year. Weston Dean Custom Homes explains why fall can be a great time to purchase a home.
The spring and summer months are typically the peak months in which homebuyers have the most inventory at their fingertips to shop for a new home. However, if now is the time you need a new home you may be in for a better deal.
Sellers who list their homes in the fall often need to do so because they need to be out of their home for one reason or another. This means, not only are they most likely more motivated to sell but they also have less prospective buyers to sell too.
By the time Labor Day passes, most buyers are out of the market for a new home. A good portion of those searching for a new home that have kids will begin looking in the spring and want to be in their new home by the time the new school year starts.
If you are a single person, baby boomer or couple without kids in search of a new home, you no longer have the competition of families searching for a home before the school year begins. This means you will have more chances at putting an offer on the home with less competition.
The closer you buy towards the end of the year, the better chances you will deal with a motivated seller who wants to sell their home before the holidays. You will also have the benefit of sellers wanting to close before the end of the year, so they can get the tax benefit.
Lastly, the fall and winter months will bring homes sitting on the market longer than they would in the spring and summer months. Why? Homes don’t show as nice when the grass isn’t green, the trees are bare and there is snow on the ground. It is also less appealing for buyers to spend their weekends and open houses, when the temperatures become less than friendly and holiday events start taking up everyone’s extra time.
If you find yourself in the market for a new home this fall, you may just realize it was the ideal time for you to find the perfect new home for you after all!
Weston Dean Homes is a San Antonio area custom home builder. For more information call (210) 408-9107.