ReMax Kathy Bain Farrell

ReMax Kathy Bain Farrell

2081 Diamond Hill Road, Cumberland, RI 02864


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Real Estate & Mortgage

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ReMax Kathy Bain Farrell I see fewer for-sale signs now that summer is over. Should I wait to spring to sell and buy our next home? The fall market can be great news for buyers who are looking to score a new home and sellers who want to get rid of their place and buy a new one. Were here to tell you why buying and selling in the fall can work for you. Less competition Yes, there may be fewer homes on the market, but there are also fewer buyers out there competing for the same home you want. That gives buyers an important edge. The bene t to sellers is that those buyers who are out there tend to be more serious. Tax breaks If youre a buyer who closes escrow before December 31, and you may get a nice write off on your taxes. Any payments that are made prior to the closing of the loan are tax-deductible. This can make a serious difference in the amount you owe the government at the end of the year. There are also potential tax breaks for home sellers. Closing costs and home improvements may also be write offs for sellers. Home for the holidays Buy or sell early in the fall and you could be nicely situated in your new home in time for the holidays and before winter weather hits. Moving during a calmer time of year also means you may have better access to movers and other necessary resources than during the busier spring and summer seasons. The right price If you establish a smart pricing strategy, you could nd your home standing out in the crowd and selling while others sit on the market under a blanket of snow. Buyers also may have a better time getting a home thats within their budget because when there is less competition for homes, there is less chance of bidding wars and over-asking-price sales. Great deals on stuff to x up your home Coordinate the timing right, and those items you need to x up your home for sale in the fall or update and upgrade after a purchase might be priced to your advantage. Call us about buying or selling this fall! Q: A: