Fall could be the perfect season to buy a home

2019 has certainly been a busy year in real estate! Thank you for trusting us to make sure your residential buyers get into their dream homes quickly and without worry. It truly has been the pleasure of the Fortune Title family.

However, the best days to buy a home in 2019 are still ahead of us. You probably know that as the market slows, there are deals to be had, but is this tidbit something your customers are aware of? Are there people who were unsuccessful in finding their dream home when inventory was low this summer? Re-connect with those leads that didn’t work out and see if they are still looking.

Counting down from the 5th to the 1st best day to buy a home, here’s what ATTOM Data Solutions found after looking at any calendar day in the last five years with at least 10,000 home sales nationwide (in descending order).

  • December 21: 0.6% discount and an average $1,223 in savings.
  • December 29:  0.7% discount and an average $1,320.
  • December 4:  1% discount and an average $1,823.
  • December 7:  1% discount and an average $2,000.

And the best day to buy a home is…

  • December 26:  1.3% discount and an average $2,500.

We’re bringing this up now because December closings mean that much of the home shopping and prep work occurred in the fall – also known as right now. As Daren Blomquist, a senior vice president with ATTOM, put it, “People closing on a home purchase December 26 were submitting offers around Thanksgiving and starting their home search around Halloween — likely not a common path to home purchase for most buyers and exactly why it’s the best time to buy.” On the flip side, sellers in New Jersey may want to wait until the spring to list their home, if time is not a factor.

No matter what time of year it is, Fortune Title is here for you and your residential and commercial customers! Together, we can finish 2019 strong. Contact us today.

Bonus Marketing tip:  

It’s time to talk about online reviews again. Make sure you’re asking for those reviews, especially on Google, and referrals to set you up for success moving into 2020.  The best time to ask is immediately after you did business together. It may take some practice but getting into the habit is well worth it. And if you’d like, leave us a Google or Facebook review too! We’d be very thankful.

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