The fall season brings with it a lot of festivities. Pumpkin patches, hay rides, caramel apples; but what about real estate? That’s right, a lot of people don’t realize that fall is a fantastic time to buy a home!
Now you might be thinking, “Felicia, I want to buy a home in the summer so I can enjoy it before winter comes!” You might be right about that, but waiting until fall brings a lot of advantages. By just waiting a little later in the year, you can save money and time!
Don’t believe me? Check out why so many Kenoshans are making the move THIS season!
A Cooling Market
The weather isn’t the only thing that starts to cool down in the fall. With most home buying done in the summer months, there are less people competing for the same homes. Now you might be thinking that this also means there are no homes to choose from, but that’s not true! In some cases, there’s just as much inventory as there was during the spring and summer months. As the year goes by, sellers with houses on the market in spring are more willing to make price reductions and accept lower offers.
Around this time or year, the home improvement busy season is tapering off. Professionals like home inspectors, painters, handymen, and movers are easier to schedule and have more time to devote to new home buyers! Now is the time to make your home sparkle!
Savings On Improvements
When moving into a new home, there are bound to be a few improvements you want to get started on. The fall season can bring a whole slew of discounts on things you might need for the upcoming year. According to consumer reports, September and October are a great time for buying carpet and paint. If you are thinking of upgrading appliances, November and December are perfect months to take advantage of holiday sales. Prices on lawn tools and machines also start to drop this time of year as demand shrinks.
Taking advantage of all these small discounts can really start to add up. You would be surprised at how much of a difference waiting a few months can make!
Financial Benefits
When it comes to tax season, owning a home can have its advantages. One of the best parts about becoming a homeowner in the fall season is not missing out on tax breaks! “Property tax and mortgage interest are both deductions you can take for your whole year’s worth of income, even if you closed on your home in December,” says David Hryck, a New York, NY tax adviser, lawyer, and personal finance expert. “Any payments that are made prior to the closing of the loan are tax-deductible. This can make a serious difference in the amount you owe the government at the end of the year.” On top of this, interest rates are STILL at an all-time low!
All of this means that financially, Fall is still a smart choice for your home-buying plans!
Just like the leaves are changing, your real estate experience is changing, too! So if you are considering buying this year, take advantage of all the great things that come with Autumn real estate by giving Go Felicia a call!
