Now that Labor Day Weekend come and gone, the summer buying season has come to a close.
The summer is typically the most opportune time to buy a Knoxville home. The days are longer, the kids are out of school, and the weather is nicer, which is why summer time is prime time buying season.
But, as we ease into the fall season, where cooler weather sets in and football season is in full swing, many buyers wonder if fall is still a good time to buy a home.
Contrary to what you may believe, fall can be a great time to buy a home for many reasons.
In this post, we’ll cover the perks of buying a home in the fall and why the fall can be an opportune time for many buyers.
During the summer months, the competition can be fierce for many buyers. This has been particularly true this year when the housing inventory has been lower than in years past. Buyers in certain price ranges have found themselves in multiple offer situations and fighting tooth and nail over for good houses.
The great thing about the fall is that there isn’t quite as much competition. Buyers who didn’t find what they’re looking for may choose to wait until the spring. With things like football season and school back in session, many buyers opt to wait until the following year to start looking again.
When there’s less competition, you’re less likely to find yourself in a multiple offer situation and can get a better deal on a home. You can enjoy looking for homes without having to fight with the competition.
By the time fall rolls around, sellers who still have their home on the market are ready to sell. Those sellers who put their home on the market during the fall season often do it because they need to sell quickly.
Sellers can be more motivated to sell during the fall months. With winter and the holidays coming up, many sellers want to get their home sold before the holiday season. Sellers also understand that there aren’t as many buyers in the fall, so they don’t have their choice of buyers as they may have had during the summer months.
East Tennessee enjoys a very mild fall. As summer turns to fall, the temperatures slowly drop and the humidity goes away. This can make fall weather a beautiful time of year to look for homes.
Many buyers don’t want to be looking for homes during the cold, grey winter months. Fall offers a last opportunity to look at homes before the weather turns to winter. Beautiful fall weather can go into early November, allowing buyers an extended amount of time to find a home before winter hits.
With the start of the new year around the corner, fall is a good opportunity to buy a home and take advantage of tax breaks before the year ends. Buying a home comes with many tax breaks.
As a Knoxville homeowner, there are many tax benefits to home ownership. You are able to write off property taxes, mortgage interest, and any discount points paid at closing.
Finally, fall also presents a last opportunity to buy before the holidays.
Many buyers prefer not to move during the holidays, so fall offers time to get settled just in time for the holidays. Otherwise, many buyers often wait until after the holidays or even spring.
Are you thinking about buying a Knoxville this year? Please let us know if there is anyway that Knoxville Home Team can assist you. Rick can be reached at 865-696-9002 or via email at [email protected]. Kati can be reached at [email protected] or by phone at 865-696-1888.
If you’re ready to start your home search today, be sure to our Knoxville Home Search Page.
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