In 2021, the number of homebuyers rapidly increased as Americans recognized the value
of owning comfortable and spacious homes. Amid the national increase, the Midwest continues to have the country's highest homeownership rate, with 68.3% of Midwest residents owning their homes. So whether you’re looking to buy your first home or to get a bigger space for your growing family, fall is the perfect time to buy a new home.
The Benefits of Buying a Home in Fall
There’s less competition.
Spring and summer see the highest homebuyer rates, leading many summertime buyers to pay more than the original price for a new home. In the fall, fewer people are in the market for a new home, which makes it easier to pay at or below the asking price. You’ll also have more support and attention from your real estate agent because they’ll have fewer clients to assist.
You can view the home more accurately.
Spring and summer might provide extra curb appeal, but autumn offers a more accurate view of your potential home for the rest of the year. As the weather gets cooler, it’s also easier to tell if a furnace, windows or other aspects of the home may need replacing before winter.
You’ll have a new home for the holidays.
If you purchase a new home in October or November, you could be celebrating the holidays there. The holiday breaks also provide time off from work so that you can unpack and settle in.
Get a Mortgage for Your New Home Today
Buying a home in today’s market can be challenging even if you save strategically. Getting approved for a loan doesn’t have to be with Horizon Bank. Apply for a mortgage online in minutes, and start your home search today.