To access your Alerus accounts on your mobile device, please download the app.


Download our mobile app

5 Great Things About Buying a Home in the Fall

Alerus | OCT 16, 2017

While the spring and summer months may be prime time for home sales, buying in the fall comes with some great advantages. So don’t worry if you missed out on the summer buying season – autumn may be the ideal time to make a move, and here’s why.

1. THERE’S LESS COMPETITION
Fall usually means fewer buyers are out there, giving you a better chance to negotiate with sellers who want to be out of their houses before winter. And with less competition, you can browse more homes and give them more thoughtful consideration.

2. SELLERS ARE MOTIVATED
Sellers may have been a tad overconfident by listing their homes at higher prices than they should have during the prime selling period of spring and summer. After months with little action, they’re often ready to make a deal. And not all fall homes are summer leftovers. Life happens – job offers and other changes mean houses are always hitting the market.

3. YOU CAN TAKE ADVANTAGE OF TAX BREAKS
Property taxes and mortgage interest are tax deductible, so even if you buy your home toward the end of the year you’ll still have a month or two’s worth of deductible expenses to claim when tax time rolls around. That could make a real difference to your bottom line.

4. PEOPLE ARE LESS BUSY
During peak season, realtors, title companies, movers, inspectors and everyone involved in the real estate process is swamped. But in the fall, there’s less activity, so you’re able to get more attention and avoid the delays that happen at the height of buying season.

5. GREAT DEALS TO OUTFIT YOUR HOME
Fall is when some of the best deals are available on things like flooring, appliances, furniture, and the other big items that you’ll need to turn your new house into a home.

Thinking about buying this fall?

Go ahead and get in touch with one of our mortgage bankers to get the process started! 

Equal Housing Lender

Related Product

Checking

Alerus offers a wide variety of checking account options for customers in Minnesota, North Dakota, and Arizona.


You will now be leaving Alerus.com. Alerus is not responsible for the content of any external resource.