Statistics show that fall is an excellent time of year to purchase a new home. By taking a look at the advantages and incentives that the autumn season holds for potential buyers, you may become excited and encouraged enough to get serious with your home search.

Housing Market Slows Down

Families go through a lot of changes as summer ends and fall begins. Generally, summer time leisure activities, entertaining events and vacations have been enjoyed and the family focus is now on kids going back to school and the return of a more consistent routine. House hunting, is usually not high on the priority list right now. Therefore, the competition for houses lessens.

Typically, in November and December there is a noticeable slow down in real estate activity. This can work in your favor in a number of ways. When a house doesn’t sell during the more active spring and summer sales period, sellers are more likely to reduce the asking price for their house. In addition to that, they are usually more willing to negotiate other aspects of the sale such as assistance with closing cost and including appliances, furniture or other items in the sale price.

Sellers Eager to Close Deals

Fall can be considered a pre-holiday season. This can be a good reason for you to buy a home in the fall. Sellers are eager to close a sale before the holidays. Attempting to pack and move in the midst of holiday activity can be quite stressful. From your perspective, buying a home in the fall gives you time to settle in before the holidays. You can look forward to entertaining friends in your new home. You will also have the opportunity to enjoy decorating your new home and making wonderful first time memories there.

Tax Breaks Before the Year Comes to a Close

There can be tax related financial advantages to purchasing a home in the fall. The interest on your mortgage, mortgage insurance premiums and property taxes are tax deductible. When you review the tax advantages home ownership can have for you, you may have more motivation to purchase a home before the end of the year. Sometimes, it takes a while to complete the finalization of a home purchase. Buying your house in the fall will assure that you have everything completed before the end of the year so that you can take advantage of tax deductions.

Sometimes, there are simply some perks that come from buying a home in the fall season that are irrelevant to the cost of the home. If you’re going to rent a moving truck, you may be able to get a better rate during the fall when moving trucks are in less demand. It’s also cooler in the fall. That simply makes it a more comfortable time of year to be moving boxes and furniture around. You also won’t have the added expense that comes with having doors remain open while you’re trying to heat or cool your new home. From a temperature perspective, fall is a more pleasant time of year to do some of the outdoor projects you may eager to do as a new homeowner.