As the summer selling season winds down, the real estate market shifts, creating new opportunities for buyers. Here are a few reasons why now is the right time to buy!
1. Less Competition
With summer vacations over and families settling back into their routines, you’ll likely see a decrease in competition from other buyers. High mortgage rates and affordability concerns have also moved many people out of the market, which significantly reduces the likelihood of bidding wars. This environment allows your buyer’s agent to use their negotiation skills more effectively on your behalf.
2. Motivated Sellers
As the colder months approach, sellers who have had their homes on the market throughout the busy summer season may become more motivated to close a deal. A clear sign of a seller’s motivation is a recent price adjustment. Ask your real estate agent to review any price changes on homes you are interested in, as well as the number of days they have been on the market.
3. Clearer Views of the Property
This time of year offers a unique advantage for viewing homes. With the leaves off the trees, you can get a clearer view of the entire surrounding area, the home’s structure, and the land it sits on. This helps you get a more complete picture of the property before putting in an offer.
All things considered, the fall and winter seasons offer some of the best opportunities for buyers. Good luck on your home search—we hope to see you in your new home soon!
