There’s so much to love about fall, especially in Erie. Now is the perfect time to enjoy the beautiful foliage and cooler temperatures, and relax in your new home. You don’t have to buy in the spring or summer to find the perfect place. In fact, buying during the fall comes with some pretty stellar advantages that you’ll want to know about!
Motivated Sellers
Buyers aren’t the only ones who want to make a deal during the peak real estate season. Many sellers who still have their homes on the market during the fall months are often more motivated to negotiate, especially if they’ve been trying to sell for a while.
This can create a favorable outcome for buyers, who now have the upper hand. Be on the lookout for a good deal—many sellers who want to close the sale will be willing to accept lower offers and might even pay for closing costs if it means they’ll be able to move before the holidays.
Less Competition
Let’s face it—finding a home during the summer often means you’ll have to compete against hundreds of other buyers in the area. Homes are often snatched up before you can even schedule a showing—but there is a way to get around all that competition.
Waiting until October or November to buy your home means you’ll have time to view the properties you want to see before they’re already sold. You can also take your time to make the right decision for you and your family—nobody likes making such tough decisions under pressure!
Record Low Mortgage Rates
It’s no secret that mortgage rates are at a record low, but as the year goes on, they just keep getting lower! Buying in the fall will give you a distinct advantage compared to those who made their moves earlier in the year. Who doesn’t love a little more money in their pocket?
Interest rates are currently sitting at 3.82% for a 30-year fixed mortgage, which is an unbelievable deal if you’re thinking about buying a new home. However, if you’ve been waiting to get the best rate, now is the time to act. Mortgage rates were over 4% just a few months ago—be sure to get prequalified before they begin to climb again!
Ready to Make Your Move?
Buying during the fall is one of the best decisions you can make, especially if you’re thinking about exploring the Erie area. Waiting until after the peak real estate season comes with plenty of financial and practical advantages, so don’t wait any longer!
When you’re ready to take your next steps, be sure to contact the Marsha Marsha Team. We’re your go-to Erie real estate resource, and we have plenty of tools to help you can make the right decision for you and your family. Drop us a line—we’re always here to help.