Perks of Buying a Home in The Fall

Perks of Buying a Home in The Fall

Autumn skies, pumpkin pies, and a plethora of new homes to choose from. While most people lean to summer for beginning their home search, Fall is a wonderful time to be in the market for buying a new home. There are many advantages of waiting until the leaves are falling to do some home shopping. Here’s what the experts have to say!

"Old inventory may mean deals"

Sellers tend to put their homes on the market in the spring, often listing their homes too high right out of the gate. This could result in price reductions throughout the spring and summer months.These sellers have fewer chances to capture buyers after Labor Day. By October, you are likely to find desperate sellers and prices below a home’s market value. – Zillow, 5 Reasons to Buy a Home This Fall

"You can take advantage of tax breaks"

First-time homebuyers, take note: Although you can’t escape paying income tax, you can make a dent in what you owe when you become a homeowner. “Property tax and mortgage interest are both deductions you can take for your whole year’s worth of income, even if you closed on your home in December,” says David Hryck, a New York, NY tax adviser, lawyer, and personal finance expert. “Any payments that are made prior to the closing of the loan are tax-deductible. This can make a serious difference in the amount you owe the government at the end of the year.” – Trulia, 7 Best Things About Buying A House In The Fall

"Less competition"

Like a beach after Labor Day, the realty market clears out as the days turn crisp. Most summer buyers have already found a home, meaning a fall buyer will have way less competition for the available houses on the market, says Bill Golden of Re/Max Metro Atlanta Cityside. And don't worry about those buyers who didn't close before August, either. –Realtor.com, The Best Time to Buy a House May Be Fall After All

"There’s still time to get a tax break"

Homeowners can deduct certain expenses on their tax returns, including property taxes and mortgage loan interest. Even if you close on a home in November or December, you can still write off qualifying expenses when you file your taxes in the spring. Those tax breaks may only trim a few hundred dollars off your tax bill, but every penny counts. –Smart Asset, 6 Reasons to Buy a Home in the Fall

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The leaves are falling and a new home is calling! View our new construction homes in Lakes of Bella Terra West.

Topics: Insider, Homes

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