Fall Is A Great Time To Buy A Home

Fall Is A Great Time To Buy A Home

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What month is the best time to buy a home? 


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!

Let me help you FALL in love with a new home! 


Liz Abrams Headshot
Phone: 757-644-3800
Dated: October 11th 2018
Views: 409
About Liz: Liz Abrams is co-founder and CEO of Abrams Realty. She and her Husband, Jim, Abrams, own and manage ...

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