Exclusive Buyer

But in the fall or winter, there are fewer homes on the market, meaning less competition for similar homes. And while you might not get the higher sales price you’d get in the spring or summer, the amount you will save on the new, bigger home you purchase in the fall or winter can cover that, and even land you a profit! If you’re downsizing from a larger home to a smaller one (for example, when your older, adult children move out), you might be tempted to avoid the hassle of moving in the colder months, but the same benefits that apply to first-time home buyers looking for a starter home can apply to you in this situation. As we discussed, starter home inventory reaches its peak in the fall. “Starter homes” are defined by Trulia as any listing prices below $232,751, based on weighted averages from the 100 largest metro areas in the U.S. If you sincerely object to moving when it’s colder outside, keep in mind there are plenty of reasonably priced local moving companies that can help you make the transition as smoothly and hassle-free as possible. Sometimes, your agent might even offer to pay for these moving expenses if you’re willing to consider buying in the fall or winter. CONDUCT YOUR OWN LOCAL RESEARCH I’ve repeatedly been pointing out that home buyers should seriously consider taking full advantage of the fact that, generally, and in most cases, home sale prices start to decline in the fall, with winter offering the best deals. However, it’s critical that you conduct your own local research first before deciding on the best season for you to purchase your home. “It’s important to remember that real estate markets vary, so the best time to buy a home in your area may differ from