Why Fall Is The Best Time To Buy A Home

 

Many people think that homes mainly sell in the summer, but the truth is that houses sell all year round. While the summer is the busiest time, the fall market can actually be the best time for a buyer.

 

WHY IS FALL THE IDEAL TIME?

 

 

1. Less Competition Equals Better Deals

2. More Time To Look

3. New Inventory

Let’s elaborate on the items above.

1. Most families want to move during the summer and thus create competition for housing ( translation = higher prices ). Less buyers in the fall can sway the pendulum back in the favor of the buyer.

Also, sellers whose homes got passed over during the summer suddenly feel pressure with winter approaching. Therefore, many sellers become more reasonable on price during the fall.

2. Some buyers are too busy during the summer and simply don’t want to spend every weekend looking at homes. These buyers prefer to shop for homes during the fall and can end up benefiting because of it.

3. New homes often come on the market after Labor Day. Many sellers have the same attitude of some of the buyers in that they want to enjoy their summer and prefer to wait until fall to sell.

There are plenty of buyers who missed out on the summer market, yet are serious to buy. Fall is the ideal time for them to shop for a home and even move in before winter hits.

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ABOUT THE AUTHORS

The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services. They specialize in Solon luxury homes, relocation, and first-time buyers.

They can be reached at 216-346-3235 or 216-403-9189 or via email, danschuman@howardhanna.com or amyschuman@howardhanna.com.

The Schumans service the following Cleveland area suburbs: Aurora, Bainbridge, Bay Village, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lakewood, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Westlake, Woodmere.

Why Fall Is The Best Time To Buy A Home is the property of The Schuman Team and may not be duplicated or used without their written consent.©October, 2015

2 Responses to Why Fall Is The Best Time To Buy A Home
  1. Daniel Moskowitz
    September 18, 2013 | 4:47 pm

    Well done article. We have a very similar set of points for the Fall season down here on Hilton Head Island, SC. After the kids go back to school our resort/vacation driven Buyers are busy back home and activity slows for a bit. Often Sellers are looking to get something done before having to wait till Spring.
    Daniel Moskowitz recently posted..At home in Shipyard Plantation on Hilton Head Island, South Carolina.

    • Dan Schuman
      September 18, 2013 | 4:53 pm

      Thank you for your comments, Daniel. We were just in Hilton Head last month, a beautiful part of the country. Seems like it would be ideal to be a buyer for a second home in your market.

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