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Finding a Home in the Fall

By
Real Estate Broker/Owner with HomeBuyer Brokerage

Fall is my Favorite Time of Year

Summer is taking it's last sultry swings with temperatures in the 80's, but I don't mind. Friday evening is our annual Smore's night with neighborhood friends and next Saturday we will go to our first high school football game of the season. 

Love this time of year in the Washington D.C. area

If you are in the market to buy a single family home, condominium, rowhouse or town home in the District-now is the time! Here's why...

  • You missed the Summer Buying frenzy-according to the National Association of Realtors, Home sales in July 2015 were at their highest point since February 2007. Overall, sales have increased steadily for the last ten months and are now 10.3% above where they were a year ago. 
  • Interest rates are still historically low-Everyone has an opinion as to why interest rates are still low but while the experts, lenders and Fed hash it out-Home Buyers can take advantage of the lowest interest rates we have seen in many years. 
  • House tours are nicer when it's not blazing hot-No one likes walking the streets of D.C. in the sweltering heat. Quick story-

This summer, I was touring condos and co-op's with clients. 

We walked up 5 flights of stairs, in an un-air conditioned stairwell, to see a co-op unit. When we got to the door, we discovered we were in Building A-the co-op for sale was in Building B. By the time I made to to the 5th floor of Building B, 

I looked and felt like I'd spent an hour in spin class

  • Less competition for a home-it's frustrating to submit an offer and be one of 10 offers the Sellers are considering! That was the story for much of the spring and summer housing market. The good news about finding a home in the Fall-less competition. This gives the Buyer a better chance of buying a great place at a decent price. 

Searching for homes in Virginia, Maryland or Washington DC

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Posted by

Victoria Lynne Henderson

Real estate broker and business owner of HomeBuyer Brokerage serving buyers in Washington DC, Maryland, and Virginia. Victoria was born in Washington D.C. and loves her hometown!

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Comments(2)

Anonymous
GLORIA MAGARELLI

THANKS FOR THIS GREAT INFORMATION. HOUSE HUNTING IN THE FALL SOUNDS LIKE THE THING TO DO.

Sep 16, 2015 04:05 AM
#1
Victoria Ray Henderson
HomeBuyer Brokerage - Washington, DC
Washington DC Real Estate

Thank you Gloria! It's so much fun to see Washington DC when the weather is cooler. 

Sep 16, 2015 04:50 AM