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Why Fall Might Be The Best Time To Buy A Home

A lot of people think the best time to buy a house is during the Spring market.

And, it is…

…in the sense that more houses are listed for sale in the Spring. But, there’s also a heck of a lot more buyers trying to buy those listings.

The thing is, some of the houses listed back in the Spring don’t end up selling. (Usually just because they were overpriced.)

Now, it isn’t like new listings don’t happen in the Fall. There’s always new listings coming on the market. But it’s not like, just because it’s Fall and not Spring, prices are necessarily going to fall. In other words, new listings aren’t likely to list for a lot lower than you would have seen in the Spring.

However, the homeowners who did list back in the Spring, are much more likely to be anxious (perhaps even desperate) to sell their home. They’ve created their own problem…they missed the boat by pricing too high.

Which is great news for you, if you’re looking to buy a home:

  • Less competition. (Many buyers stop looking at this time of year…for no good reason.)
  • Motivated sellers. (They’re sick of being on the market, and wondering why nobody bought their house.)

But it isn’t always easy to find those listings. They don’t wave a white flag, or lower their price to some ridiculous amount everyone would notice. If only it were that easy…
Just because someone listed their home back in the Spring doesn’t mean they’ll be all that negotiable.

There are certain things a great real estate agent will know to look for.

And I love rolling up my sleeves and finding the ones we can most likely negotiate the best deals on.

So, got anything you want me to roll up my sleeves and look for? Real estate deals won’t just fall in your lap, but I can certainly help you find one this Fall.

Bonus
Want another reason to buy a home in the Fall?

You can take advantage of year-end sales to outfit your home!

Hardly anybody buys a home who doesn’t want (or need) to make improvements, however small. So why not coordinate your purchase with sales on items you’ll need? According to Consumer Reports, September is an ideal time for buying carpet and paint. In October lawn mowers go on sale, and the same goes for appliances and cookware in November.

Want To Build Wealth? Buy A Home—And Buy It Early

It’s safe to assume that pretty much everyone wants to build wealth—and continue to build wealth throughout their life. But how, exactly, do you do that? According to the data, you build wealth by buying real estate—and buying it early.

According to a report from the Urban Institute, homeowners who purchase property early build more wealth by their sixties than homeowners who wait until later in life to buy a home. The homeowners who get the most bang for their buck? Those who purchase their home between the ages of 25 and 34. By age 60 or 61, these homeowners have a median home equity of close to $150,000, which is $72,000 more than homeowners who purchase property between the ages of 35 and 44 and a whopping $100,000 more than homeowners who wait to buy real estate until after the age of 45.

The Takeaway:

The earlier in life you buy a home, the more wealth you’ll have accumulated by the time you’re ready to retire. And no matter how old you are today, you’re not getting any younger. So if you’ve been thinking about purchasing a home, there’s no better time than right now.

In Today’s Market, Majority of Americans Say Real Estate Is A Strong Investment

There are a number of reasons to purchase real estate, from having a place to call your own to providing a sense of safety and stability for your family. But one of the biggest reasons people buy homes is for the investment opportunity. According to a recent survey, the majority of Americans think real estate is a sound financial investment.

According to the 2019 Survey of Consumer Expectations from the Federal Reserve Bank of New York, nearly 65 percent of households surveyed reported that buying a home in their zip code was a good investment. And current homeowners are more than willing to invest in their properties to increase their value; 38 percent of homeowners plan to spend at least $5000 on their home in the next year—and over the next three years, that number jumps to nearly 48 percent.

The Takeaway:

Whether you’re purchasing a new home or renovating your existing home to increase its value, in today’s market real estate is a sound financial investment—and a financial investment you should definitely consider making.

3686 Goldmiller Road, Bunker Hill, WV

Adorable three bedroom home for rent on 1 acre lot. Master bedroom features two attached baths, large soaking tub, and spacious closet. Living room includes fireplace with custom built in shelves and space for tv. Addition on back includes bar and wiring for speakers, perfect for entertaining. Large kitchen with stainless steel appliances, breakfast area and separate laundry room. Two car detached garage for extra storage and two driveways. Washer and dryer are as-is. No dogs, cats considered. Home is professionally managed

Offered for $1300/month

Presented by Meghan Pachas, Principal Broker WVB180040048

 

 

10119 Westford Dr, Vienna, VA 22182

Private country feeling while minutes Reston Town Center. Spacious four bedroom home located on close to 3 acres! Updates throughout including kitchen and baths. Enjoy the wooded views from the in ground pool. Lawn mowing and pool maintenance are included in rent. 3 miles to Reston Town Center and Silver line

Home is available for new occupants August 1st. No pets, please. 

Offered for $3900/month ***RENTED***

Presented by Meghan Pachas