5 Reasons Fall Is the Best Time to Buy a Home

The fourth quarter is here and everyone is preparing for the holiday season. If you are thinking about buying a home, though, now might be the time to prepare to make a move.

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We are in the fourth quarter and I hope everyone is preparing for a great holiday season. In fact, the fourth quarter may actually be the best time for you to buy a home. There are five reasons why fall is a great time to buy:

1. Home prices are typically lower. Sellers understand that there are fewer buyers in the fall market, so they try to compensate for that by lowering their prices to incentivize the buyers who are out there. Make sure your agent runs a CMA and checks those sale prices to get you a good deal.

2. You will face less competition. The holidays are a very busy time for most people. Folks are traveling around the world and visiting friends and family, so buying a home is not at the top of their list. That means there are fewer buyers in the market for you to compete with.

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Fewer buyers on the market means less competition for you.

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3. The holidays are around the corner. Sellers want to sell before the holidays just as much as you want to buy a home before the holidays.

4. You can get year-end tax credits. These are a great incentive for buyers who want to maximize their buying power.

5. It’s a great time to see what’s on the market.

If you have any questions about buying a home this fall or about the fall market in general, give us a call or send us an email. My team and I would be happy to help you!

Taking a Look at Activity in the Triangle Market

A lot has been happening in the Triangle market this year, and we have interest from all over the world.

A lot has been happening in the market here in the Triangle and I wanted to give you a quick update.

To start, year to date closed sales are up 7%, and for the month of August, closed sales are up 13% here in the Triangle. Yes, this information is from the end of the third quarter, but it gives you an idea of where the market is going.

August was was a blowout month with 13% gain compared to August last year. We also see that distressed property is now at a 43% inventory rate, overall inventory has decreased 10%, and home inventory has increased 2%.

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A lot has been happening in the Triangle market.

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What does this tell us? Homes are selling here in the Triangle! As an agent here, I can tell you that it's difficult to even find homes here because they're selling so fast.

We also saw that 17% of closed sales were financed all by cash, and the monthly housing supply is two months' worth. This means that supply is very low.

If you're looking for a home or even an investment opportunity, the Triangle might be a perfect fit. If you have any questions, give me a call and let's talk soon!