It is known that buyers and sellers are aware that Spring is the
most popular season to buy. As the start of a new school year
approaches and the crisp air of Fall returns it is shown that
families are not only getting their kids adjusted to a new academic
year but they are also subsequently getting ready to buy and sell
their homes. In many ways, people believe that September is the
start of a new year because of school schedules and the Summer
season coming to its unfortunate end. It is due to this way of
thinking that couples are now more than ever increasingly driven to
get into the spirit of house hunting.
Interestingly enough, 27% of first time home buyers are now
purchasing in the Fall. Ideally, most families and couples want to
be settled in before the holidays, so this thinking is only
logical. Some also want the tax benefits of homeownership in this
calendar year rather than the next. Furthermore, survey’s break it
down and show that 20% of this segment of first time homeowners are
more driven by purchasing for the holidays while 10% are moving
with the idea of tax in mind.
Some attributes that come along with the search for a new home
in the Fall include highly motivated sellers especially towards the
holidays. Climate is also a big factor for buying and selling
homes. There is usually a drastic increase in sales when the cold
weather is no longer and when the warmer weather returns. As the
Fall season is now underway in our local markets and due to the
vast amount of success that the industry has realized throughout
this year, we at Gibson Sothebys International Realty confidently
anticipate for there to be many upcoming motivated buyers and
sellers amongst our populace.
More Information: Fox Business