Falling Into A Cool New Place
Most agree that the summer unofficially begins during Memorial Day Weekend and then transitions into autumn when Labor Day Weekend comes around. Well, it's that time of the year again where the fall season is looming upon us and if you held out all summer long to look for a new home, things just might fall into the right place. While the real estate market is open 365 days a year, the summer is typically a hot time for home hunters but things aren't cooling down because the fall could be the prime time for you to warm up in a new place.
Why's The Fall The Perfect Time?
Finding a new home to move into during the fall season may be the best idea yet and here are a few great reasons why!
Mild weather - during the fall, you continue to benefit from warm weather that has lingered from the summer. This means you'll be able to fully check out homes during the open houses and inspect it from top to bottom –without sweat on your brow. Additionally, when you begin to move your belongings to another residence, you're less likely to experience inclement weather, which won't slow down the moving process.
Less competition – the market tends to see a decline in the number families looking for a home because they generally try to move before a school year starts. This makes for great news for first-time home buyers and childless couples because there's less competition on market. It reduces the chances of a bidding war and saves autumn home hunters a great amount of money.
Tax breaks – when the fall months roll around, home buyers could be eligible for year-end tax breaks! Owning a home can result in good dividends on tax returns because mortgage interest and property taxes are deductible from gross income.
Moving motivation – sellers are generally more motivated to review offers on their homes because there are generally less window shoppers looking, and less traffic means those who do come through have the sellers’ attention. This can make the process of finding a new home faster and easier than in the spring/summer months.