AUTUMN MIGHT BE THE PERFECT TIME FOR YOU TO BUY A DENVER AREA HOME.
We love Autumn in Denver. Going for long drives to see the leaves changing in the mountains, indulging in beer and treats at our Annual Harvest Party, and even prepping our homes to get ready for cold weather...we dig it. And if you've been thinking about making a move in the Denver Metro area, we have even more good news. HERE ARE 5 REASONS WHY WE THINK THIS AUTUMN WILL BE A GREAT TIME TO BUY A HOME IN THE MILE HIGH:
Close the Deal and Move in Before the Holidays In the Denver area, the weather can go from 90 degrees and sunny to 30 degrees and sunny pretty darn quickly. But, luckily, we usually have an awesome Autumn season, when the trees are full of color and it's prime house-hunting season. Yes, Summer used to be considered the best time to both buy and sell a home, but we are finding that with inventory on the rise, prices leveling out, and the market starting to feel a little more balanced, that our Seller's Market might be on its way out the door, leaving it open for Buyers to come in and get a great deal. If you go Under Contract on a home in September or October, you can easily close on the deal and get moved in with plenty of time to host both Thanksgiving and Christmas in your new digs, as well as a big awesome Housewarming Party!
Observe and Inspect All Home Systems and Conditions Walking through homes during the Fall can give you a better idea of how efficient a home is during the cooler months that you might miss if you buy when it's super warm out. Look for problems with the gutters, general yard upkeep, drafts around windows and doors, and furnace functionality. If you time it right, you might even be able to test the AC or swamp cooler before it's winterized, as well as the sprinkler system, so don't be afraid to ask your inspector to check those out if possible.
Sellers Might Be a Little More Motivated and Flexible Summer seems to bring out the "market-testers" - homeowners that overprice their homes just to see if they can get their "Make Me Move" price - and those Sellers aren't typically very flexible or willing to negotiate. Because Spring is typically the best time to list a home, someone who lists their home in the Fall might have a legit reason to need to sell their home - a job relocation, a family change, etc., giving you a little more room to offer below list price or negotiate higher-priced inspection items.
Score a Deal on Stuff Your New Home Will Need This is a major perk, especially for first-time homeowners who need to make other pricy purchases related to owning a home. According to Consumer Reports, September through November is the best time to get deals on homeowner necessities like lawn mowers, major appliances, carpet,paint, snow blowers, shrubs, trees and perennials. Make sure to check with your local garden center to ensure that any live landscaping you plant in the Fall will survive the cold. Also, Autumn is a great time to get a great deal on hardscaping, AC install and other home upgrades because contractors tend to be less busy when it's colder out.
Less Competition = Less Stress Extremely low inventory in the Denver Metro area along with record-low mortgage rates has made the market extremely competitive since Spring hit. If you missed out during the summer homebuying season, that might not be a bad thing - inventory is steadily rising, and Fall tends to have less buyer traffic, giving you more time to browse homes and consider them realistically and thoroughly without feeling pressured to write an offer you might regret.
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