Homebuyers

Benefits of Buying a Home in the Fall

Fall Home Buying

The best time to buy a home ultimately depends on your unique circumstances and goals, but there are several benefits of buying a home in the fall.

  • Fall is the second-best time of year to sell a home, which means there are still plenty of homes on the market.
  • The weather is pleasant, so you can take your time house hunting and exploring neighborhoods without extreme temperatures. The hot summer months are over and the cold winter months haven’t arrived.
  • The kids already started school. Most home buyers with little ones are out of the picture, which means less competition.
  • The holidays aren’t here yet and home sellers usually want to sell before the holidays arrive. The fall is a great time to make offers and negotiate, especially if the home is a spring or summer leftover.
  • Mortgage lenders, title companies, real estate lawyers, and moving companies can give you more quality time and quicker responses during the fall since their busiest months are during the spring and summer.
  • You can shop year-end sales on appliances, TVs, furniture, carpet, paint, and more to save money on home improvement projects and home furnishings.
  • You can take advantage of property tax breaks, mortgage interest tax breaks, and other qualifying tax breaks for the following year.

Our realtors live work and play in greater Boston and we would love to help you find your new home. Contact us today!

 

Today's Homebuyer: Who, What and Where?

From hyperlocal to big picture: Understanding our market

At Better Homes and Gardens Real Estate The Shanahan Group, we love our local market. We spend lots of time looking at data on Winchester, Reading, Medford and our other surrounding communities. We believe that's where the really valuable information is and how we can track the real estate market real-time. There is value, however, in picking our heads up and looking at a broader picture of how our market compares to other areas of the country. Every year, the National Association of Realtors (NAR) prepares a report of Homebuyers and Homesellers. We dig through this report every year for a national picture of consumer trends.

 

Homebuyers: Who, what and where?

Below is a subset of that report, focused on Homebuyers by region of the U.S. This piece of the report is a really interesting look at buyers by region, breaking down buyers by age, type of property etc. Here are some of the things we found interesting:
  • New England's percentage of first time homebuyers is the highest at 45%, with the Mountain region being the lowest at 29%
  • The Mountain region saw the highest percentage of buyers purchasing multi-generational homes (17%), with New England and the North Central region having the lowest multi-generational home purchases (11%)
  • Single female homebuyers represent 19% of purchasers in the North Central region (highest) and only 13% in the Mountain region

Check out the full report here: Presentation: Profile of Home Buyers in Sub-Regions