Buying a house is stressful at the best of times, but throw in the changing weather during fall, the start of the school year, and an upcoming holiday season, and the pressure really piles up. That is why top brokers are urging potential buyers to make a solid game plan before delving into what is usually a quieter market. Here, our pros share the seven things you need to know about buying a house in fall to help you make a sound decision and ensure a smooth sales process.
Like buying a house in spring, fall offers a unique opportunity to see houses in their full light. Changing weather conditions means you get an idea of what it is like to both keep properties cool and warm and what the houses look like in differing lights, while shopping outside of summer offers a relatively quiet market with less competition. With that in mind, this is what to know about house shopping in fall to help you take advantage of this beautiful but socially busy time of year.
1. Prices might be higher You might not like to hear it, but common real estate trends will usually see house prices increase in the fall season. Sarah Goss, managing broker at Southwestern Real Estate says, ‘When buying in the Fall you'll also want to understand that prices are elevated as a result of May and June being historically some of the highest closing values.
Those are the closings that today's sellers are using to derive their current list prices. ‘Although an appraiser can justify that higher price, the marke.