Could October be the Best Time to Buy a House?

Dated: October 10 2021

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If you have been on the fence, trying to decide when the right time to buy may be, October may prove to be the best month this year to take the leap!  

Here are some of the top reasons why you may want to begin, or resume, your home search now.

Less Competition:  

Home sales tyically slow in the fall; families are getting settled, kids are going back to school, and the Holiday's are just around the corner. 

Home Prices Tend to Decrease in the Fall:

Motivated sellers realize they are at the end of the busy buying season, and with fewer people searching for homes, they may be getting nervous about getting their home sold.  If a seller has had their home on the market most of the summer, they may be in a position to negotiate more.

The End of Low Interest Rates:

With the Federal Reserve meeting in November, it is more likely than ever, interest rates may be on the rise.  As interest rates increase, home affordability decreases.  October may the best time to get more home for your money.

The Impact of Cooler Weather on a Home's Systems:

Fall means cooler weather; cooler weather can reveal issues in a homes insulation, heating, drainage, and other home systems, which make it easier for inspectors to notice.  In short, cooler weather can make it easier to determine how well the home owner has stayed on top of home maintenance.

If you are wanting to purchase a home, this month could be the best month of the year.  There are several options for home owners, and with fewer people buying right now, you could end up with the home of your dreams.

Ready to list your home for sale?  Get a free, no cost or obligation, in-depth comparative market analysis.  Call me to schedule.

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Charlene Stovin

Hello, I am so blessed to work with a highly experienced and professional real estate team that has over 80 years of direct real estate experience behind them. Our team thrives on offering exceptional....

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