Fall and winter give buyers more negotiating power
Do you hope to find a “deal” or be lucky enough to skip a bidding war? Your lucky day has finally arrived!
Homebuyers with children tend to abandon their home buying plans by August because they want to be settled before school starts. National housing data shows that August and September tend to have the most drastic price reductions of any time during the year.
Although there’s less inventory in the fall than in the spring, buyers can often get better deals on what is available. Fall is a last-ditch opportunity for sellers to close on their homes before the end of the year. And with fewer buyers coming through the door, sellers tend to price their homes more aggressively.
Buyer will also benefit from flexible terms that come with fall market such as an extended closing time, or home inspection credits. Traditionally, the longer a home sits on the market, the more willing a seller will be to negotiate.
Once November sets in, substantially more buyers and sellers drop out of the market to focus on the holidays. Plus most buyers run out of steam when the weather gets chilly cold. If the time is right for you to jump into the market, use this lull to your advantage — and gain the upper hand!!
Reach out to us today and we’ll send you some supporting data.
Let’s schedule your free buyer consultation today so you can be a winner in this market.