Between the amount of homes on the market and record low interest rates available to many buyers, fall could be the perfect time to find your dream home at a dream price. Fall is a great time to go hunting for bargains in the real estate market. According to the National Association of Realtors in many markets, including our market of the Northeast, home prices drop by an average of $7,000-$10,000 once summer turns to fall. Fall is also a great time to get clues about the upkeep and maintenance of the homes you’re looking at. With leaves falling and weather changing, you should be able to get a good feel for the gutters, yard upkeep, drainage, and more better than you can during the warmer, dryer summer period. Finally, fall is a time when business slows down for many contractors, so if your dream home might need a little work, you are more likely to get a deal on the work now than if you purchase your home at any other time. Especially considering the rock bottom mortgage rates that are available currently, now is the time to get out there and find yourself a bargain!
Looking to buy or sell a home in Sussex County? Give us a call at Cooper Realty Associates and put us to work for you – 302-629-6693.