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Benefits Of Buying Or Selling Your Home In The Fall

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Now that summer is over, you may be noticing fewer for-sale signs around. This is great news for buyers and sellers as the marketing is less competitive and you can take advantage of potential tax breaks and seasonal deals. 

Less Competition

There are generally fewer homes on the market in fall, but there are also fewer buyers competing for the house you want. An article from Forbes says, "Families on a mission to move into a new home before school starts are out of the picture. Competition for houses drops off in the fall, a time many people consider to be off-season in real estate. But there are still homes for sale - and in some cases, there's just as much inventory as there was during the spring and summer."

Tax Breaks

"Fortunately for home buyers, owning a home can yield great dividends in tax returns. For example, both mortgage interest and property taxes are deductible from gross income. Furthermore, if you have prepaid some interest before the due date of your first payment, and if you close your loan before the year's end, that interest can also be deducted." Deena Weinberg wrote for Realtor.com

Check out potential tax breaks for home sellers by clicking here.

Home Improvement

End-of-year sales on everything from appliances to home maintenance. Consumer Reports keeps track of the best times to buy what you need from lawn mowers in October to TV's and kitchen cookware in December.