The 4 Best Things About Buying a House During the Cool Autumn Months
Autumn is without a doubt one of the most beautiful seasons. The crisp air, colorful leaves, and rustic feel are so loved that they have helped to secure October as the most popular month to get married in. That’s right, October surpassed June for the first time this year, as the best month in which to tie the knot. But what about real estate? Could these fall-loving newlyweds be on to something?Think about it, while the weather might not be as hot and sunny in the fall, the cool months leading up to winter certainly, do bring about their own advantages. Here are 4 reasons as to why autumn may just be the new ideal time to find your dream home.
Fall is Generally a Safer Time of Year
Like everything, even burglars have their seasons,the summer months where people are out and about, and therefore spending less time at home has made summer – specifically July and August the prime months for robberies to take place. By waiting until the fall to purchase a home provides you time to not only settle into your new home but to also take care of any changes – new locks, putting in an alarm system..etc…that you might want prior to those more risky months.
Routine
For many families, fall is all about getting into a new routine and figuring out how things are going to run for the upcoming school year. Who drops who off, who needs to be where and when, while one might wonder how buying a home during this time is a good idea, it can provide a fresh start and a new begining for the upcoming school year. Maybe the children are starting elementary school and the parents want to live within walking distance? Maybe one of the children are starting middle school, or one of the parents a new job. Once the school year has begun parents are able to gage where everyone has to be and when, waiting until the school year has started also allows parents to see what the neighborhoods that they are considering purchasing in are like for those ten months out of the year.
Less Competition and More Attention
People assume that because of the traditional success and real estate market during the spring and summer months that they should automatically sell and purchase during that time. However, come fall, there is often still a large number of houses on the market and a dramatically lower number of buyers. This allows you to go in knowing that not only are you less likely to deal with a multi-offer situation but that people with their homes on the market are more likely to seriously consider offers that are brought to them.
Tax-Breaks
First-time homebuyers, pay attention: Although you cannot get out of paying income tax, you can make an impact on how much you owe when you purchase your first home and become a homeowner. This is because your property tax and mortgage interest are both deductions that you are able to make for your entire year’s income – regardless of when you close on your home. The reality is that any payments that are made before the loan closes are considered to be tax-deductible. This is, unfortunately not known by as many potential homeowners as it should be, because it can make a huge dent in the amount that you end up owing the government for the year.