If you’re in the market for a Colorado home, you’re probably wondering if you missed the boat by not purchasing one during the spring or summer months. After all, that’s the best time to buy a property, right? Not necessarily.
The cooler days are starting to set in and the days are getting shorter, but fall may be a good time to go house hunting. In fact, it is a season filled with great deals.
Still not convinced? Here are 4 reasons why fall can be a great time to buy a house.
Real estate market ebbs and flows just like the season. Potential buyers start looking at Denver houses as the sun comes out and slows down by the end of the summer. At this point, families who want to be home before school starts are no longer shopping. That means that there aren’t as many buyers as there were in spring and summer.
With fewer buyers out there, you don’t have to go on a bidding war just to get the Colorado home you really want.
Home for the holidays
The holidays are coming quickly. While some people are busy with their holiday shopping, you might want to take this time to go house hunting. Getting settled in your new home for the holidays can heighten your holiday mood. Since you have a new Colorado home, why don’t you host this year’s event and invite your family and a few friends over?
Year-end tax break
Buying a property during this time of the year allows you to take advantage of tax breaks, including property tax deductions, prepaid interest deductions, FHA and PMI mortgage insurance premium deduction and mortgage interest deductions.
More attention from your agent
With the reduced activity during this time of the year, you can enjoy additional attention from your agent. They can respond more quickly and spend more time discussing about certain things as their client load starts to dwindle down.