If you are thinking about buying a new home in Knoxville now is the BEST time of the year to do it. Here are 7 reasons why you should do it now.
In the fall and winters months there are less people looking for homes which means less competition. Which is great for you as a buyer. Because of this sellers are more willing to sell at a lower price.
Sellers who have their homes on the market in the fall and winter months are motivated to sell. They are serious about getting their home sold. Many of them may be transferred, bought another home serious personal situation.
Most buyers don’t want to move in the fall and winter months. Which means less competition for you as a buyer. Fewer buyers for the seller means better pricing for you as a buyer.
Because there are less people out shopping for homes this time of year means less change of getting into a bidding war. When you aren’t in a bidding war on a home you have a much better chance of getting the home at your price and terms.
When you have fewer buyers in the market, supply exceeds demand. This usually results in prices being lower than during the hot or peak season.
Lenders, appraisers, home inspectors, movers and other vendors are less busy causing more time for YOUR transaction to be smoother and easier.
Low activity during the winter months also means you will have the undivided attention of your realtor, and he or she will be working harder for you. These lean months of low sales volume encourage realtors to try just that little bit harder to negotiate a sale.