It’s fall, y’all! ’Tis the season for shorter days, orange and yellow leaves, and pumpkin spice lattes. According to recent studies, October recently surpassed June as the most popular month to get married. What does this mean for potential homebuyers?
While most families are on a mission to purchase a house before school starts, now may be the perfect time for you to buy a home due to less competition. Here are five more insights to consider while on the hunt!
- Sellers are worn out!
If the home has been on the market since the spring or summer, chances are the seller is fairly exhausted at this point. What does this mean for you? Three words… Optimal bargaining opportunity. Because there are fewer buyers, the owner may consider a lower bid instead of waiting six more months for spring to roll around. Take advantage of this! - Tax breaks, tax breaks, tax breaks
Calling all first-time homebuyers! While you can’t avoid paying income taxes altogether, you can help decrease what you owe the government by purchasing a new home. Regardless of when the home is bought. all new homeowners will receive tax deductions due to property taxes and mortgage interest. This means any payment made prior to the closing of the loan are tax-deductible, which can make a huge difference! - Safety first.
It’s unfortunate that we have to factor in burglars, but the truth is they have a peak season: July and August. Waiting until the fall will give you the opportunity to learn more about the neighborhood and take all necessary precautions, like setting up an alarm system. If you’re interested in learning more about the area, consider checking online for local maps that include crime filters. - The focus is on you!
With such a booming city like Nashville, it’s hard to appease everyone and give potential homebuyers the attention they want and deserve. But if you’re looking to buy in an off-season like Autumn, you may increase your chances of a quicker turnaround significantly. With a slower season, there may also be less delays and service issues in regards to moving. - End-of-year sales + you = winning
If you move into a home that isn’t custom built, chances are you’ll want to make some changes. Take advantage of this time by shopping around for cheap deals. According to Consumer Reports, September is a great month to purchase carpet and paint. If you’re shopping around in October, you can expect to find lawn mowers on sale. House hunting in November? Search for great deals on appliances and cookware.
Are you wanting to buy a home in Music City – Nashville, TN? Contact us, your local realtors, at 615.807.0579 to set up an appointment to find your dream home today! Check out the available homes in one of Nashville’s most fall-tastic neighborhoods, Belle Meade here!
