3 Reasons why it may be a great opportunity for you to purchase your home in the Fall of 2019 (Q4) 1. Interest Rates are at Historic Lows
Many buyers have been waiting for rates to drop before they buy, and now is the time. Rates have dropped to historic lows and are the lowest 8 years running. Lock in your low interest rate now. With Interest Rates being so low, you will save money on your monthly mortgage as well as through the course of your Loan Term.
2. Best Chance to ‘Get A Deal’
When homes come on the Market in September/ October / November - they typically need to sell for a specific reason. This means they need to get rid of the house sooner than later. For all my buyers out there, this is a leverage point for you and your Realtor should use use their negotiation tactics to get you the best deal possible. Also, there are listings that have been sitting on the market since June/July/August and the sellers are ready to make a deal. Lock in your low Interest Rate and Get a Great Deal!!
3. Less Competition on the Market
Come September/October/November and into the Holidays, there are less homebuyers searching for a home. With Less competition from other buyers, there is a lower possibility of a bidding war (multiple offers). Your offer has a greater chance to be accepted with their terms you want AND close before the holiday season. Given the Housing Shortage, home prices are more likely to increase rather than decrease.
So if you’re looking to purchase your home in the Fall of 2019, this may be a great Opportunity for you and your Family.
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