Are you thinking of buying a house? We have good news for those who are.
Although it’s clear that the housing market has had a fantastic year, most headlines focus on the benefits for buyers. What about buyers? You’ll likely be facing bidding wars as you look for the perfect home. You don’t have to feel discouraged if you are looking for your dream home.
There is a golden window for those who are looking to purchase a home.
There should be an increase in the number of homes for sale. realtor.com predicts that more homes will be on the market in October. According to the findings, 17.6% more homes will be available than we had at the beginning of the year.
This will allow you more choices, which is a relief in a tight housing market.
You should see a slight decrease in bidding wars as there are more homes on the market. Because there are so many options, buyers might not be as competitive for homes because they have more options.
This means that writing an offer may be less competitive and have a greater chance of winning the bid. It’s important to make a strong offer.
As we approach the end of the year realtor.com suggests that this week could also be one the most popular weeks for price reductions in the 2021. The data from the past shows that an average of 7.0% homes experience a price drop in this week. What is the reason? Why?
This means that although home prices continue to appreciate overall, there may be some homes where price adjustments are made by eager sellers. Closing a house is a lengthy process. Sellers may be more motivated to close by the end of the year if they can do it in October.
Don’t let your enthusiasm die if you are in the market to buy a home. According to data, early October could be the time you finally find the home of dreams. To keep you motivated and on the right track to finding the perfect home, you should rely on an experienced real estate professional as your advisor. Give us a call today.
Link to original article: https://www.keepingcurrentmatters.com/2021/09/28/early-october-is-the-sweet-spot-for-buyers/
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