Reasons Why Fall is the Best Time to Buy a Home

Oviedo real estate, homes of sale in Oviedo

Conventional wisdom in the real estate market names spring as the best time to buy a home. Whether you are looking for Cape Coral luxury homes or Oviedo homes for sale, realtors proclaim spring as the season because the cold, drab winter may motivate renters who have been holed up with other noisy next neighbors to move into their own permanent residence.

However, there are many reasons why fall is the better time for buyers to move than the spring.

Less Competition, More Room to Negotiate

One fantastic reason fall is a great time to start house hunting is that it typically is a slower time for the real estate market. With less people out looking for Cape Coral luxury homes or homes for sale in Oviedo, interested home shoppers have more room for negotiations.

Since most families stay put once the school year starts, the market opens up leaving more opportunities for buyers who can shop during this time. Singles, millennials, and baby boomer buyers have a great chance to move on any deals they find at open houses.

Deals on Spring and Summer Inventories

If a home was listed in the spring or summer, you may be able to scoop up Oviedo real estate or even Cape Coral luxury homes at a reduced price. By November, buyers are likely to find truly desperate sellers if their homes were listed months ago. You may find that the prices are below a home’s true market value. If not, you have a decent chance of working with the home sellers to get them to reduce their price.

Sellers Motivated by Holidays, Year’s End

As the holidays approach and the year starts to come to an end, homeowners may be the most motivated to sell. The last thing a homeowner wants is for Oviedo real estate to be dragging on through holiday parties and events.

Another strong selling point for buyers is that the end of the year marks the end of a tax year. A home seller may want to take advantage of a loss or gain for this tax year. Homeowners may be looking to make deals so they can close before December 31st and get that tax benefit.

Tell your realtor that you want to look for listings that offer incentives to close before the end of the year, and see if you can score a solid deal on Cape Coral luxury homes or homes for sale in Oviedo.

Fall Shows a Home’s True Colors

Fall is the season to see a home as it truly is. Beautiful landscapes are not as lovely when flowers die and trees start to shed their leaves. With the landscape less vibrant, a home will be truly exposed for buyers.

Instead of flower beds in full bloom hiding cracks near the foundation of the home, it’s better to see the home with its flaws before making the offer. You don’t want to be surprised a few months after you close.

Florida Realty News
Florida Realty News
Berkshire Hathaway HomeServices Florida Realty, a wholly-owned subsidiary of WCI Communities, has over 39 locations and more than 1,650 real estate sales professionals and team members serving 17 counties throughout Florida.
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