Some people think that as the weather cools down, so too does the real estate market. However, whether you're looking to buy or sell a home after Labor Day, you'll likely discover that your options are as vibrant as the trees in autumn.
A Season of Home Buying
Why look for a home in the fall? There are few major holidays to distract you, and most families don't travel then. Plus, if you don't get your new place in autumn, you'll either have to wait until spring or move during the cold of winter.
If you're selling, realize that significantly fewer people list their homes in the fall than in the spring. Thus, you'll have less competition. At the same time, be aware that people buy fewer homes in November than in September or October.
A Glorious Time of Year
Maybe the top reason to sell real estate in the autumn is that its glow can make a home even more beautiful. If your property boasts brilliant foliage, it can really draw out the colors of your home or community.
The crisp, invigorating air, the pumpkins in the windows, the scarecrows, the aroma of cider and other seasonal details can make a home seem irresistible. Upon arriving, many of your visitors may instantly imagine themselves living a dream life there.
Be sure to place a fresh welcome mat by your front door. Fall can be muddy, and you want all of your prospective buyers to see your home at its cleanest.
Fall 2016 is an especially attractive season for purchasing a home because mortgage interest rates are extremely low. In fact, due to these low rates, the number of U.S. home sales in July 2016 was higher than in any month since October 2007. Of course, you shouldn't expect these rates to stay down for too much longer; if impending job reports are strong, the Federal Reserve may soon raise them.
In short, when interest rates as well as autumn leaves have fallen, home buying and home selling can be as easy as pumpkin pie.