Early to mid-summer marked a rush of homebuyers into the real estate market, ready to purchase a home in the Eastern Panhandle and take advantage of the historically low mortgage rates. Indeed this summer has been a lucrative time to buy and make the jump from renting to homeownership, but late summer and early fall may prove to be even better.
The school calendar in the Eastern Panhandle plays a big role in the number of home sales as most homebuyers would prefer to move while school is out. However, those not tied down by the beginning of the school year may find certain advantages in the real estate market this fall. Here's how you can get started in finding your new Jefferson or Berkeley County home:
Even if you procrastinated on your home search all summer, now is a great time to start looking! With fewer buyers in the market, there will be less competition and more of a chance for you to score your dream home. Inventory also tends to stay on the market longer from September through December and you are more likely to see price reductions.
Your real estate agent will be able to navigate you through the process of making an offer and asking for certain concessions like closing costs from the sellers. However, it's important to remain flexible. If a seller is not willing to budge on price, perhaps asking for a buyer warranty, budget for appliances or new flooring can be arranged. Your real estate agent will be key in working on these terms, so always channel your ideas, questions and concerns through them!
Take your time
In past months, homebuyers could risk losing a home they semi-liked if they didn't make an offer right away. However, a new season brings new changes to the Eastern Panhandle real estate market! While school is in session, you can take longer to find the home that makes the best sense for you and submit an offer with which you are the most comfortable. When you are not rushed in a market saturated with buyers, there is less of a chance of buyer's remorse.
Finding a home in Martinsburg, Charles Town, Ranson, Harpers Ferry, Sheperdstown, Hedgesville, Inwood, or Falling Waters in the fall is an exciting time and Kable Team Realty is here to walk you through the process. Contact us today for a list of available homes and steps to take to begin your journey to homeownership.
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