Fall is the perfect time to purchase a home because of the hidden bundle of perks many first-time home don’t even know are included. Here are a few reasons why you should consider purchasing your home during the fall.
The Season of Negotiation
There is traditionally less competition to combat during the fall as housing prices drop, but this also means that sellers will want to push to close deals before the holidays. Letting sellers know that you can close by that time is a great strategic move on your end because your urgency may compel sellers to negotiate more reasonably on price, especially if they overpriced their homes during peak selling times throughout the year. Seller’s fatigue tends to have that effect.
A majority of home burglaries happen in the summer, normally during July and August. Purchasing a home in the fall is a safer route to take because it gives you time to scope out the neighborhood and settle in. You can also set up your home’s security system and test it out during this lull.
When you buy a home before January, all payments paid prior to closing are tax-deductible, meaning you will owe the government less money at the end of the year. First-time home buyers have the perk of deducting property taxes, closing costs, and mortgage interests off their incomes.
Phillips Real Estate wants to help you find a home that will fit your lifestyle this fall season. We have several ranch and farm properties, as well as one and two story homes listed. Contact us today and ask about our featured home listings!