If you've been looking at houses since the Spring, you're likely feeling defeated from the intense real estate market. You've probably been outbid or watched a house sell before you even had the chance to go inside. If you're ready to throw in the towel and take a few months off, we advise you to reconsider!
While it is still a seller's market, there is a shift in the Fall real estate market, especially with your competition, other buyers.
Homebuyers with children are likely to put their plans on hold now that school has begun. Life becomes more hectic and it is unlikely that parents will want to switch schools mid year unless it is absolutely necessary. That certainly eliminates a large pool of buyers, making your odds better to get the house you want.
Tis' the season!
While you may not be ready to think about the holiday season which is around the corner now, home sellers certainly have it at the top of their mind. Fall is the last opportunity to get their home sold before the end of the year. Once Thanksgiving comes people become too overwhelmed with the holiday hoopla and don’t have the time to look for a home. For this reason, you’ll also notice several price reductions before November to generate as much activity as possible.
All in all, the Fall is a better time to negotiate with a seller to get the home you want for the price and terms you want. Don’t give up! If The Mark Lesses Group can help, give us a call at 617-974-9275.