Great Reasons to Buy a Home in the Fall
Have you been considering a dive into the homeowner pool, but think the season for shopping has passed you by? Never fear… fall can be the best time to buy a new home. Let’s look at some of the reasons autumn is a great time to “fall” in love with a great house!
Do We Ever Get Tired of Talking About Tax Breaks?
No, not at all! When you buy a home near the end of the year, you can turn your tax return into a gift for yourself. Mortgage interest and property taxes can be deducted from your taxable income. If you prepay some interest before your first payment is due, and if you close before December 31, that prepaid interest may also be deductible.
Seasonally Speaking…
Fall offers some of the most comfortable weather for both home shopping and moving. You’re less likely to face extreme heat or an unexpected cold snap. You might even settle in just in time for the holidays—perfect for combining a holiday open house with a housewarming celebration.
This can also apply if you’re looking for new construction. Many builders, including Ernest Homes, often have quick-move-in homes ready before year-end. And if you’re planning to build a home from the ground up, keep in mind that most custom homes take around six months to complete—meaning a fall purchase can put you in your new home by early spring.
Less Competition is Key
Summer is peak house-hunting season, which means fall typically brings fewer buyers into the market. With less competition, you’re more likely to enjoy flexible scheduling, more negotiating power, and quicker access to available homes. Real estate professionals, lenders, and builders often have more time to focus on each client, which works in your favor. Sellers may also be more motivated before year-end, especially if they’re managing inventory.
Bargains Galore!
Fall is an excellent time to find great prices on high-ticket household items. Lawn mowers, grills, patio furniture, and even swimming pools often go on sale in the fall. Early holiday promotions also make this a great time to score deals on electronics, appliances, kitchenware, and home goods.
A Point of Interest…
Mortgage rates naturally rise and fall over time based on economic conditions, inflation, and lending policies. While rates may fluctuate from season to season, fall is often a strategic time for buyers to secure competitive financing. Lenders frequently offer year-end incentives, and many buyers find it helpful to compare programs, explore rate-lock options, and speak with multiple lenders to secure the best terms available at the time of purchase.
Thinking About New Construction?
At Ernest Homes, our goal is to provide you with the best information possible throughout your home-buying journey. We want you to buy with confidence and choose a home that truly fits your needs and lifestyle. Reach out by email or call us at (912) 660-9673. We’re always here to answer your questions about buying new construction in the Savannah area.
