It’s that time of year and as we close out a summer marked by rising home prices and limited supply, many buyers expect the common end-of-season slowdown. The change of season doesn’t mean activity drops off completely – in fact, fall’s arrival presents opportunities for homebuyers, in part due to a “back-to-school mentality”.
If you’re a prospective homebuyer, tap into that renewed sense of seller motivation – and consider the following perks – while shopping for a home this fall.
You can enjoy year-end tax breaks. Buying before the year’s out allows fall homebuyers to take advantage of tax breaks such as the mortgage interest and property tax deductions. There are certain deductions that can be claimed by homeowners only. If you’re considering buying a home, consider these deductions Uncle Sam’s gift to you. Click here to learn more about the tax benefits available to homeowners.
You can sidestep the multiple-bid minefield. Multiple offers and bidding wars dominated low inventory markets this summer, but competition tends to wane as activity slows in the fall. With fewer folks searching for a home, fall homebuyers can spend less time chasing supply and more time finding – and getting – the perfect home.
You may have more bargaining power. Aside from less competition, fall homebuyers may have the opportunity to purchase their home of choice at a reduced price, especially when negotiating with sellers who had hoped to unload their homes over the summer, and as sellers who want and or need to sell price reduce their homes in an effort to compete for a smaller pool of buyers.
You’ll be home for the holidays – literally. Fall homebuying activity is also fueled by emotional motivation. As vacations wind down after Labor Day attention often turns to the desire to be in a new home for the holidays and this is historically a strong driver of fall home sales.
If you, or someone you know is considering Buying or Selling a Home in Columbus, Ohio please contact The Opland Group. We offer professional real estate advice and look forward to helping you achieve your real estate goals!
The Opland Group Specializes in Real Estate Sales, Luxury Home Sales, Short Sales in; Bexley 43209 Columbus 43201 43206 43214 43215 Delaware 43015 Dublin 43016 43017 Gahanna 43219 43230 Grandview Heights 43212 Hilliard 43026 Lewis Center 43035 New Albany 43054 Pickerington Powell 43065 Upper Arlington 43220 43221 Westerville 43081 43082 Worthington 43235