5 Reasons Fall is the Perfect Season for Home Buying
While spring and summer may be the busiest time of the year for buying a home at the Lake of the Ozarks, it’s not necessarily the best. The fall season is a great time to purchase a home as well! Keep reading to learn why the crisp air and leaves blowing is a sign that it’s the perfect time to go house hunting:
Even though you’ve only been a home owner for a few months by the time the New Year rolls around, you can still take advantage of the tax breaks. Property tax and mortgage interest are both deductions that you, as a homeowner, can take when filing your taxes. Even if you close on your home in December, you can still take the deductions. Any payments that are made prior to the end of the year are tax-deductible, which can make a serious different in the amount you owe in taxes at the end of the year.
The fall season is upon us, and if you’ve been thinking of purchasing a home at the Lake of the Ozarks, now’s the time to act. Don’t wait for spring and summer to roll around. Give Devine and Associates a call at 573-286-6216 to discuss your needs today.
1. There’s Less Competition.
While everyone was running around fighting over houses during the spring and summer months, you were relaxing, waiting for the perfect time to enter the market as a buyer. With less competition, you’ll have a better shot with negotiations. While many people think of the fall season as the off season for real estate, there are still homes for sale. Often times, there are just as many homes for sale in the fall as in the spring and summer. The change of the season means new inventory, as well as repositioned old inventory that didn’t sell during the summer.2. Sellers are Serious.
For those sellers who unfortunately weren’t able to sell their home during peak season, now’s the time for them to get serious. Maybe they overpriced their home, and after months of no action, they’re ready to make a deal! Not all homes are leftovers from the beginning of the year though; others may need to sell their home quickly do to a move or some other circumstance. Those sellers are very serious about making the sale. Many sellers are very motivated to sell before the holidays, which puts you in an even better position as the buyer.3. Home Prices are Lower.
While the listing price might not necessarily be lower, you can often get a great deal in the fall. Due to the fact that there are fewer buyers, the seller is more likely to take a lower offer than wait another 6 months for spring to roll back around. In addition, sellers with inventory that’s been sitting on the market for a while now, may finally make the decision to lower the listing price, making finding a great deal that much easier for you, the buyer!4. You Can Get Tax Breaks.
Even though you’ve only been a home owner for a few months by the time the New Year rolls around, you can still take advantage of the tax breaks. Property tax and mortgage interest are both deductions that you, as a homeowner, can take when filing your taxes. Even if you close on your home in December, you can still take the deductions. Any payments that are made prior to the end of the year are tax-deductible, which can make a serious different in the amount you owe in taxes at the end of the year.5. You’ll Get More Attention.
Due to the fact there are less buyers in the market during the fall season, the buyer’s agents will have more time to dedicate to you! You want a buyer’s agent that has the time to research homes that fit your criteria and guide you through the entire home buying process. You’re going to have questions and you want to be confident that you’re working with someone that can not only get you the answers, but get them to you in a timely fashion.The fall season is upon us, and if you’ve been thinking of purchasing a home at the Lake of the Ozarks, now’s the time to act. Don’t wait for spring and summer to roll around. Give Devine and Associates a call at 573-286-6216 to discuss your needs today.
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