What’s To Love About Buying A Home In The Fall

Fall is here and with it comes a new season of real estate.   Historically spring has been known as the prime time to buy real estate, but times are changing and fall may be taking over.   Here are some reasons why fall is a great season to buy a home in the Oklahoma City area.

Those buyers with school age children tend to buy and move during the summertime before school starts back up.  Those buyers will have left the market decreasing the competition. Competition is tight right now with the number of buyers outnumbering those of sellers. Competition tends to drop in the fall.  Sellers will be motivated to sell before the holidays hit.

Serious Sellers

Just because a home is on the market in fall doesn’t mean it’s left over from summer and hasn’t sold. There are plenty of sellers who need to sell in the fall because that is when the timing is right for them.  Many times companies will relocate employees in the fall.  Sellers are serious and ready to negotiate.

Tax Breaks

No one wants to think about tax season, but buying a home before the end of the year could net you a large tax break.   A few tax advantages you may be eligible for include: mortgage interest deduction, PMI and FHA mortgage insurance premium deduction, prepaid interest deduction, property tax deductions, and moving expense deductions.

Safety

The number of burglaries increases in July and August and many homeowners tend to vacation during those months. Gain a safety advantage and wait till fall to move where you will be just learning and exploring your new neighborhood.

Best Time To Make Updates

Most homebuyers tend to want to make cosmetic changes to a home so it will feel more like their own. The most affordable time to make those changes is in the fall.  According to Consumer Reports, fall is the best time of year to purchase new carpet, paint, appliances, and lawnmowers.

If you are interested in buying a new home this fall, let us help. Contact us at any time or feel free to call us directly at (405) 476-9600.

The Forrest Team is comprised of the Oklahoma City area's best and brightest in the real estate industry. Our team is more than a bunch of real estate agents packed into an office – we are friends and family members who all have one passion – to provide the very best real estate experience possible to our clients.