Fall is a Great Time to Buy And Here’s Why

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Almost everyone clings to the idea that spring is the best time to buy a new home. While it’s true that there’s often a strong market for both buyers and sellers in the springtime, other times of the year can also be great times to buy.

In fact, the new construction market is different from the resale market, and you’ll soon see that fall may be one of the best times for you to buy a brand-new home.

Timing Your Move

People like to buy homes in the spring because they want to move during the summer. This is especially true for families who want to get the home and kids settled before the school year starts. If you’re building a home, you want to remember that it can take about a year from start to finish. This means that buying your new home in the fall will mean that it will be ready for you to move in the summer months.

Those who are looking at quick possession homes – brand-new homes that are already built – enjoy buying in the fall because they can get a good deal on the home and be settled in before the holidays start.

Fall is a Great Time to Buy and Here’s Why Van ImageTiming Your Sale

If you will need to sell your current home, purchasing a new home in the fall may also work out in your favour. As we’ve mentioned, a home that’s bought in the fall is usually finished in the summer of the following year. This means that you’ll be able to put your current home up for sale in the spring when a lot of people start shopping for resale homes. With luck, you’ll be able to sell your home before you move.

Getting Tax Credits

When you settle your new home purchase before the end of the year, you may be eligible for tax credits. This can include things like the First-Time Home Buyers’ Tax Credit and the GST/HST New Housing Rebate. You must meet certain requirements to qualify for each of these, so talk to a tax professional to see how buying a home could affect your taxes.

Fewer Buyers

One of the nicest things about buying a new home in the fall is that there aren’t as many people out shopping. When you visit show homes, you’ll have the undivided attention of the Area Manager. At the very least, you’ll be able to easily get your questions answered, which creates a more relaxed environment. 

Fall is a Great Time to Buy and Here’s Why Construction ImageBuilder Inventory

If you think you’d like a quick possession home, fall would be a good time to buy. Builders often build spec homes throughout the winter and into spring in preparation for the summer months. Often, they still have some inventory left over, so there’s a good chance that you’ll be able to get a great deal on a home that’s move-in ready. You may not get to pick out all of the design details, but not having to wait is a big convenience.

Getting a Jump-Start on the Build

Modern builders are usually able to continue building homes no matter what the season, but it can be difficult to break ground and create the foundation in the coldest winter months.

If you purchase your home in the fall, the builder will likely be able to start work on it and put the “bones” together before the first snowflakes start to fly. At that point, the interior of the home is protected from the elements, and builders can continue to work on developing the inside of your new home. Waiting to buy your home in the winter months could mean a delay in the production if the weather is bad.

Builder Promotions

Builders tend to offer more promotions during the times when fewer people are thinking about buying. As the summer rush quiets down, they want to keep the momentum going, so you might see some great promotions in the fall. You might get things like free upgrades, property tax rebates, and other promotions that make it easier for you to afford the new home you really want.

As you can see, the fall can be an excellent time to purchase your new home. Come take a tour of our communities and see the quality that we offer in our show homes.{{cta(‘bf36d1ad-aee8-4adc-b7a9-a32ba68fe3f8′,’justifycenter’)}}

Photo credit: fall, construction, van 
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