Here are three reasons why this fall might be the best time to buy a home.
Buying a home? Click here to perform a full home search.
Selling a home? Click here for a FREE home price valuation.
It's no surprise that 2023 has been a challenging time for both home buyers and sellers. Interest rates have gone up, home prices have increased, and inventory has been scarce. However, the truth is that this fall may be the perfect time to make your move if you are a buyer. Today I’m sharing three reasons why this is the case:
1. Increased listings. According to Realtor.com, we can expect a 17% increase in listings this fall, which will give you more inventory to choose from. When buyers have more homes to choose from, they have more choices.
"This fall may be the perfect time to make your move if you are a buyer."
2. Homes are taking longer to sell. The increase in inventory means longer market times for sellers. This may give you a bit more negotiating power as a buyer.
3. The market is slower. In our local area, September, October, and November are the slower months. With fewer buyers and more listings, buyers will have some options right now.
So if you're looking to buy, I encourage you to get out and look at some homes over the next few weeks. You'll have more choices, and you might even get closing costs paid, a price reduction on the house, or some concessions. If I can help you, give me or my team a call at (772) 370-8631. And as always, make it a great day.
