As the air turns crisp and the leaves start to fall, many first-time homebuyers might find themselves wondering if now is the right time to buy a home. Fall offers unique opportunities in the real estate market that can be especially advantageous for those stepping onto the property ladder for the first time. Much like your favorite fall treat, pumpkin spice, buying a home in autumn can offer a blend of warm benefits that leave you feeling satisfied for years to come. Here’s a guide to making the most of your fall home-buying journey:
- Less Competition, More Bargaining Power – With fewer buyers, you may find better deals and more room for negotiation.
- End-of-Year Savings – Many retailers offer discounts on furniture and appliances, and lenders might have special promotions before the year ends.
- Weather Reveals Home Issues – Cooler, rainy weather can expose leaks, drafts, and other problems, helping you avoid costly repairs later.
- Tax Benefits – Buying before the year ends lets you claim mortgage interest and property tax deductions come tax season.
- Understanding the First-Time Homebuyer Process – The process can feel overwhelming, but that’s what I’m here for. We’ll start with pre-approval, where I’ll help you figure out how much house you can afford and secure the best loan options. From there, you can confidently work with your real estate agent, knowing exactly what fits within your budget.
- Lock In Low Rates – Locking in mortgage rates before potential increases can save you thousands.
- Preparing for Next Year – By closing this fall, you start 2025 as a homeowner, building equity and working toward long-term financial goals.
Buying in the fall offers a unique blend of savings and opportunities, making it a smart season to start your homeownership journey.
If you want more information on how I can help you on the homebuying process, give me a call today – (605) 261-6721.
Dawn Van Nieuwenhuyzen, Senior Mortgage Banker at Plains Commerce Bank – NMLS #21096
Loans subject to credit approval. This is intended for informational purposes only. Always consult with a tax professional. Member FDIC. Equal Housing Lender.
