Why Fall is a Great Time to Buy a Home!

Everyone knows that the spring market can be hectic and often seen as the peak of the real estate in terms of annual activity. Buyers are chasing to find a great home to purchase and close during the summer, get acclimated to the new home in time for a new school year to start in the fall.

What most don't realize is that Fall isn't far behind in terms of activity and is a great time for buyers and for sellers. For many agents, this is the second busiest time of the year and its a great time for buyers to purchase and for sellers to move a home prior to winter.

Summer has passed an so has what appears to be a perfect time to have sold your home. Now Fall is here and if you won't sell your home in the next few months then old man winter is here with the prospect of selling your home greatly dimished. What does this mean? For many sellers it means lowering the price and doing their best to meet the demand of any buyers that are in the market.

For a buyer, this means that competition is heating up! If you find a home that your interested in buying, don't wait to make an offer, but do so quickly! Sellers are often willing to move more heading into a long winter on price as their motivation may be at an all time high during the selling process. As a buyer, make sure your agent keeps you abreast of all hot buys and when you find the one that fits your needs, act on it! Multiple offers are not extinct and are common place on homes when they are listed aggressively this time of year. This however is not an open suggestion to overpay for any home during this buyer's market. Don't let emotion cloud better judgement if you do find yourself in a mutliple bid situation. There will always be another home that will come on the market and fit your needs.

If you are in the market to purchase, contact an agent today and you'll find some amazing opportunities await! If your a seller, now is the time to put your home up for sale, not a few months from now when fewer buyers are available, demand is down and competition is high amongst all others that couldn't sell.