According to analysis of more than 32 million home sales covering 15 years, on average October buyers paid 2.6 percent below estimated market value.
This can mean a smaller down payment and smaller loan amount for you! The average priced home in the Hampton Roads area is priced around $250,000 so negotiating 2.6% below would mean a savings of $6,500!
The main reason for this has to do with less competition in the fall and winter months. Kind of like going to see a popular movie after the first few weeks. You have your choice of the best seat in the theater.
3 Main Reasons for buying a home in the Fall..
1) Sellers are motivated to close by the end of the year.
2) Lower prices. Sellers who have had their homes listed since springtime and summer are now aggressively lowering the price of their homes.
3) Less competition. It's no secret that landscaping helps sell a home. The flowers and trees are blooming in the spring and make for nicer looking properties. If you can look past the shedding trees and a landscape that aren't quite as beautiful without the growing flowers then you may be able to find yourself a gem!
Abrams Realty is a full service real estate company for all of your real estate needs including Residential Real Estate and Commercial Real Estate. Abrams Realty provides Property Management services.
We service all of Hampton Roads. This includes Virginia Beach, Norfolk, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton and Poquoson.
Our Mission Statment
“To approach every relationship with an optimistic attitude, ethical professionalism, steadfast belief in our talents, and a determined focus on serving every customer and client to the very best of our ability.”
Abrams Realty believes in providing exceptional service in all situations. We are Military Friendly Real Estate Agents, understand PCS moves and help our military move daily!
We believe service comes before sales and hope to develop a great relationship with each of our clients!