Archive for September, 2016

10 Reasons Why House Hunting in the Fall is a Wise Move

Friday, September 30th, 2016

House huntingIt’s a fact: Home sales heat up in the spring and summer and cool down in the fall, every year. By November, after the leaves have changed, people turn their focus from real estate to the holidays. House hunting slows down to a crawl, if anything. And that’s why now may very well be the best time to begin your hunt for a home.

 10 reasons why house hunting in the fall is a wise move

  1. Sellers are more motivated

More often than not, homes are listed when the real estate season is at its peak in the spring and summer. If a seller’s home is still on the market in the fall or winter, they will most likely be very eager to close on it. When owners are more motivated to close, owners may be more open to negotiating and making a deal.

  1. Buyers have more time to make decisions carefully

House bidding wars require fast thinking and fast action. When there are fewer buyers house hunting, the competition for properties is lower. Lower competition allows buyers to take full advantage of the slower pace and do more comparison shopping.  It gives them more time to make decisions carefully.

  1. Moving dates are more flexible

When you’re not involved in home bidding wars with other buyers, the power is in your corner, lots of corners. Need an earlier or later closing date? Ask the seller to adjust their move-out date to better fit your schedule.

  1. Lenders may be more willing to offer favorable rates

Business lulls and holiday bills happen for mortgage lenders, too, and they may be willing to offer slightly better rates in order to close a deal. Take the time to shop around. Negotiate on interest, points, or down payments. It’s possible you may negotiate numbers in your favor.

  1. You’ll see more of what the neighborhood is really like

Many neighbors are gone on vacation during late spring and through the summer months. Neighborhoods can feel empty and a little lifeless. But in late August when school starts again, so does neighborhood activity. Fall is a great time to visit neighborhoods and their schools and get a feel for what the neighborhood is really like.

  1. Inclement weather may be more revealing

Curb appeal is at its best on a gorgeous sunny day in the spring. But rain-soaked November days or a frigid January days during the off-season will allow you to see a truer picture of how a house is holding up under inclement weather.

  1. More of the real story about a home is easy to see

House hunting when the trees have dropped their leaves and the flowers are spent can be very telling.  Landscaping can camouflage peeling paint, a worn roof, cracks in the foundation and other issues with the home’s exterior. Exterior issues will be plain as day during the slow season.

  1. Contractors, movers, house painters and others are more available

The off-season is a slow season for handyman service providers, too. When you buy a home in the off-season, you’re apt to get things fixed quicker and for a better price.

  1. It’s the perfect time for more sales on new things for the new house

You may not have thought of this benefit of house hunting during the slow season. Sales are fantastic after the holidays just before spring! Vendors may have everything from a new fridge to a new rug drastically reduced.

  1. Agents are more attentive

The slowest time of year for real estate agents is September through January. If you’re house hunting during the slowest time of year, they’ll be willing to go the extra mile to get your business and keep it. They’ll search for the right home and help you get the best deal with more fervor than usual.

 

House hunting in the fall is wise. Contact Charles D’Alessandro, your Brooklyn real estate agent with Fillmore Real Estate at (718) 253-9700 ext. 206 or email charles@brooklynrealestatesales.com. He’ll go the extra mile to keep your business and get the best deal on a home that’s just right for you.

Why A New Home is a School Supply Every Year

Thursday, September 15th, 2016
New home

Buying a new home in a quality school district adds value to your home when it’s time to sell.

Advertisements for back-to-school clothes and supplies usually start appearing in the month of July. Families begin budgeting and planning to spend hundreds of dollars for everything from pencils, paper, crayons, safety scissors and erasers for their kindergartners to bedding, curtains, towels, wash cloths and even appliances for their college students. Some families will even buy a new home to get Junior into a good school or to keep from paying the college dorm costs for Sally. Buying a new home for school is not uncommon practice.

3 Reasons Why a New Home is Listed as a School Supply Each Year

  1. School Quality

The quality of schools in an area remains a crucial factor to parents when they buy a new home. For most parents, education is even more important than the price of a home, the time it takes to commute to and from work and nearby area amenities.

  1. Traditional Suburbs

Traditional suburbs are still the most attractive communities for young families with school-aged kids, like Cold Spring Harbor, on New York’s Long Island, for example. Parents are no longer interested in partying as they may have once been. They now have kids to deal with and take care of.

  1. Resale Value

Homes in areas with attractive school districts hold their value better when it comes time to sell, so there is a great economic reason to buy a home in also.

And This, Too …

Quality schools are often built into the price of homes, but parents are willing to change their lifestyles to compensate for the size of their new mortgage payments. They eat out less and try to pinch their pennies. A top-rated education for their kids is worth the expense of living in an attractive school district to a lot of parents.

Some parents will invest in a small home for their college freshman and rent the extra bedroom(s) out to other college students. This helps pay the monthly mortgage and avoid the high costs of college dorm living for four or more years of college. Then, when Sally earns her degree, her parents can sell the small home for a profit. The Pros and Cons of Buying a House in College talks more about reasons why college students should buy a house in college, if they can afford it.

Did you buy a new home for your kids this year? Maybe you like the idea of purchasing a small home and renting it out to other college students to live with your student(s). With over 30 years of experience in Brooklyn, I can help you find a new home in a quality school district for your young family or your college student. Call me, Charles D’Alessandro, your Brooklyn real estate agent with Fillmore Real Estate at (718) 253-9600 ext. 206 or email charles@brooklynrealestatesales.com today.