Are you in the market for a new house? You must be in luck because fall is a perfect time of the year to go house hunting. Home sales begin to cool after the hot sales season in summer, so by then, only a few people will be house hunting. Keep reading to learn more about why house hunting in the fall works well.
Because the market during fall is not as busy as in spring and summer, sellers are often eager to close home sales. The deals might close faster than expected if the seller needs urgent cash. Working with the best realtor in Victoria BC definitely improves the chance of getting the best home sale deals.
Reasons To Go House Hunting In The Fall
As stated above, fall is an excellent time to go house hunting. Apart from the sellers having the urge to sell, there are other reasons that make the season a perfect time to go house hunting. Here are some excellent reasons to go house hunting in the fall.
- Timely Tax Deductions
- Less Competition
- Getting A Pleasant Shopping Experience
- More Time To Think
Timely Tax Deductions
There are several tax deductions buyers can take advantage of if they get their new home before the December 31 tax deadline. They can write off their real estate property taxes, mortgage interest, and private mortgage insurance premiums. They can also knock off costs tied to getting their mortgages, such as discount points and loan origination fees paid to the lender. Interestingly, self-employed buyers can reduce a percentage of their utilities and the square footage of a dedicated home office.
There are usually fewer buyers during fall, making house hunting less competitive. There are usually fewer multiple offers and more favorable negotiation terms. Due to this, agents and homeowners pay more attention to buyers. In fact, agents may even go the extra mile to ensure their clients get the best deals.
Getting A Pleasant Shopping Experience
House hunting during the fall season offers a more pleasant experience than in spring and summer because the heat and humidity are gone, but it’s not yet cold like in winter. In fact, fall is often called the cozy home season, and most homes put up for sale are staged and decorated beautifully. Additionally, nature provides the smells and sights, such as colorful leaves, which together can make a nicely staged home look very appealing.
More Time To Think
When home sales are heated up, bidding for a new home requires fast action. However, there are fewer buyers during the fall season, resulting in less competition for a property. This gives buyers more time to think about what they want and the deals offered. In fact, it allows them to compare multiple offers and choose the best deals.
Are you house-hunting this fall? Do you wish to get the best deals without a hassle? Then do not hesitate to Contact Brad MacLaren, the top realtor in Victoria BC, today. Brad can help you find your dream in the best neighborhoods at the best prices. Why not kick off your search by taking a look at some of the beautiful properties for sale on our Featured Listings Page?