Why buy or sell in the fall? Here are four key reasons to think about.
There are four benefits of buying and/or selling a house in the fall that might surprise you to learn:
1. Tax benefits. As a buyer, if you close on your home prior to the end of the year, any closing costs could potentially count as a tax write-off. Be sure to consult with your CPA before purchasing a home with this consideration in mind.
2. Home for the holidays. One of the best things in the world is to be home for the holidays, and doing so in a new house is just icing on the cake.
3. Less competition. For sellers, there are fewer homes on the market in the fall, which means less competition. For buyers, there are fewer other buyers on the market, which means that you won’t have to deal with as many multiple-offer situations.
4. It’s a great time for deals. Several stores have excellent deals this time of year, such as those that participate in Black Friday or Cyber Monday. Both buyers and sellers can take advantage of these deals. Even though your purchases might be for a holiday later in the year, why not leverage this opportunity while it lasts?
If you have any questions about buying or selling a home this time of year, please reach out to me. I’d love to help you any way I can.