1. Prices are Competitive
Although New York is notoriously expensive, fall is actually one of the best times to buy a home here. That’s because many people wait until spring to list their homes, which drives up prices. However, if you’re willing to buy now, you can snag a cheaper deal.
2. The Weather is Beautiful
Fall in New York is absolutely gorgeous. The leaves change color, and the air becomes crisp and clear. It’s the perfect time to take long walks through your neighborhood or even go for a hike in one of the many state parks.
3. There’s More Inventory
Since more people list their homes in spring, there’s more inventory on the market in fall. More inventory means you’ll have more homes to choose from, giving you a better chance of finding your dream home.
4. Fewer People are Buying
Since most people wait until spring to buy, you’ll face less competition when you’re trying to purchase a home in the fall. Fewer people buying gives you more bargaining power and makes your offer more likely to be accepted.
5. You’ll Get More bang for Your Buck
In addition to more homes on the market in the fall, many sellers are also more motivated to sell at this time of year. This means they may be willing to accept a lower offer than they would have in spring. So if you’re looking for a great deal on your new home, fall is the time to buy!
6. Interest Rates are Low
Right now, mortgage interest rates are at historic lows. In fact, they’re lower now than they were last year at this time. So if you’re considering buying a home, now is a great time to do it while rates are still low!
As of Monday, September 12, 2022, current rates in New York are 5.96% for a 30-year fixed and 5.36% for a 15-year fixed.(LINK)
Bankrate has offers for New York mortgage and refinances from top partners that are well below the national average. Compare, apply, and start saving today.
7. It’s a Great Time to Move
If you’ve been thinking about moving to New York for a while, there’s no better time than fall! Many people move during the summer since their kids are out of school, but if you don’t have children or they’re already grown, fall is the perfect time to make your move. The weather is beautiful, and prices are competitive, so what are you waiting for? Start house hunting today!
Conclusion:
So there you have it—seven great reasons why you should consider buying a home in New York this fall! Whether you’re looking for competitive prices, beautiful weather, or a great deal on your dream home, fall is the perfect time to buy in New York City. So what are you waiting for? Start house hunting today!
Be sure to contact PreReal, Prendamano Real Estate, for all your real estate needs! We’re here to help you every step of the way!
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