FALL and WINTER is the Perfect Time to Buy Real Estate -

Buyer demands have been extremely high in recent months and are fueled by the historically low interest rates our country has been witnessing during this unprecedented time. However, the inventory of existing homes has been extremely low. Buyers have been out in full force taking advantage of the current market opportunities. Buyers out making offers on properties during the spring and summer months have experienced serious competition, bidding wars and decent increases in sales prices.

When the weather cools down, so does the market and competition for those searching to buy a home. Buyers that stay committed to searching for just the right property during the fall and winter months will gain greater leverage for the homes that do remain on the market. Also, many people may be facing challenges during this time and may find themselves needing to relocate for work or to sell their homes due to financial issues and may have to sell their homes quickly, so there is great opportunity during the fall and winter months.

Real estate prices typically drop in the fall and winter months versus the spring and summer. During the months of January and February, home prices can drop as much as 8.45% less, on average than during the spring and summer months. Consumers that purchase homes in the spring and summer most certainly miss out on this savings opportunity.

So if you're looking for your NEW-or-NEXT home, finding it during the fall and/or winter isn't such a bad thing! Be persistent and stay in the house hunting game through the new year to maximize the most savings possible!

Sources: SmartAgents.com, Pixabay.com free images