Conventional wisdom is that spring is the best time for selling—and buying—a home. It’s the time of year when the most home are on the market. In fact, lots of buyers believe that if they haven’t found the home of their dreams by the end of the summer, they’re stuck in their nightmare for two more seasons. They think they don’t have a ghost of a chance getting into a place before the holidays.
Don’t be tricked: That’s simply not true.
For motivated sellers, there’s actually no bewitching hour before the end of October.
While it is the case that some sellers will take their home off the market in anticipation of the winter holidays, for those needing to sell, October is still the perfect time to show their home and even offer discounts to well-qualified buyers.
It’s a great time for you to get treats instead of tricks!
According to a survey of more than 30 million sold homes over the last 15 years, October buyers save, on average, 2.6 percent on the purchase price.
This year there is an even better treat … interest rates have remained at historic lows while the economy improves. Most analysts believe that rates will begin to rise by year’s end or early into next year. Getting a mortgage now insures that you’re taking advantage of the best rates available.
Speaking of treats, another advantage is being able to take tax breaks, discounts on upgrades to energy-efficient systems and more.
No tricks, all treats!
Even better than tax breaks, you’ll be able to enjoy less paperwork as new regulations for required buyer forms begin. The information formerly required by four forms was merged into just two, reducing time and confusion for buyers. The new process protects buyers from “tricks” at closing that change the deal.
The best treat of all!
Your family will appreciate being in a new home for the holidays too!