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Tips for Buying a Home in the Fall Real Estate Market

The spring market can be hectic, but the fall market is not far behind in terms of activity and opportunity for buyers and sellers.

The fall market is the second-busiest time of the year for real estate. People want to conclude their home buying and selling before winter, and the temperatures in many areas drop to comfortable levels after months of hot, muggy weather that traps people inside air-conditioned havens. The fall real estate market starts just after the last of the summer vacation wraps up, and it can be a highly competitive arena.

Keep in mind that in many areas, we're still experiencing a buyer's market. Resist the temptation to jump on a home you're dying to buy if the price is too high, or if other buyers have made an offer. You do not need to get into a bidding war; there's always another home that might be perfect for you.

On the other hand, remember that the fall market is the second most active time of the year for real estate. If you do find a home that you're interested in buying, do not wait to put in an offer; make an offer as quickly as possible if you're really interested in a home, as even a delay of a day can mean someone else gets their offer in before you do.

Prepare to go look at homes every weekend, as new homes go onto the market weekly in the fall, and you'll want to see homes that are new to the market quickly so you can decide whatever to make an offer. You may hit multiple open houses in a day, or schedule several appointments for the day, in order to see all of the real estate that interests you. Hunting for a home in the fall market can be a full-time job, so be prepared to invest the time to scour the classifieds or view homes in order to find your dream home.

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