{"id":2086,"date":"2021-09-28T14:38:42","date_gmt":"2021-09-28T14:38:42","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=2086"},"modified":"2021-09-28T14:38:42","modified_gmt":"2021-09-28T14:38:42","slug":"early-october-sweet-spot-buyers","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/early-october-sweet-spot-buyers\/","title":{"rendered":"Early October is the Sweet Spot for Buyers"},"content":{"rendered":"
\"\"

Early October is the Sweet Spot for Buyers<\/p><\/div>\n

Are you looking to buy a home? If so, we\u2019ve got good news for you.<\/p>\n

While there\u2019s no denying the\u00a0housing market<\/a>\u00a0is having a great year, many of the headlines are focused on\u00a0the perks<\/a>\u00a0for sellers. But what about buyers today? As a buyer, you\u2019re likely braving bidding wars and weighing\u00a0low mortgage rates<\/a>\u00a0versus\u00a0price appreciation<\/a>\u00a0as you search for your dream home. If you find yourself a bit discouraged, hear this: there are clear signs buyers may have more opportunities this fall.<\/p>\n

According to\u00a0realtor.com<\/em><\/a>,\u00a0<\/em>the sweet spot for buyers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data from the past several years. When applied to the current market, experts determined the ideal week to buy a home this year. The research says:<\/p>\n

\u201cNationally,\u00a0the best time to buy in 2021 is the week of October 3-9<\/strong>. This week historically has shown the best balance of market conditions that favor buyers.\u201d<\/em><\/p><\/blockquote>\n

So, what\u2019s that mean for you? If you\u2019re looking to buy a home, there\u2019s a golden window of opportunity coming. Here\u2019s what you can expect from that week.<\/p>\n

Increased Housing Supply<\/strong><\/h4>\n

The number of homes available for sale should increase. According to\u00a0realtor.com<\/em>, you can expect to see more new listings come to market the week of October 3. The findings estimate we\u2019ll see roughly\u00a017.6% more homes available\u00a0<\/strong>than we saw at the start of the year.<\/p>\n

This means you\u2019ll have\u00a0more options<\/a>\u00a0to choose from which should be a welcome relief in a market with tight housing supply.<\/p>\n

Fewer Bidding Wars<\/strong><\/h4>\n

With more homes available, you should also see a slight decline in the number of bidding wars. Having more options means buyers may not be competing as intensely for the homes on the market because there are more choices to go around.<\/p>\n

This means when you\u00a0<\/strong>write an offer<\/strong><\/a>, you may have less competition and a better chance of being the top bid.<\/strong>\u00a0Just remember, it\u2019s still important to come in with a strong offer.<\/p>\n

Adjusted Homes Prices<\/strong><\/h4>\n

As we move into the end of the year, the findings from\u00a0realtor.com<\/em>\u00a0note this week may also be one of the peak weeks for price reductions in 2021. Historically the data shows an average of 7.0% of homes have a price reduction that week. Why? When housing supply ticks up, sellers need to look for other ways to make their house stand out.<\/p>\n

This means, while home\u00a0<\/strong>prices<\/strong><\/a>\u00a0are still appreciating overall, you may see some homes with price adjustments from eager sellers.<\/strong>\u00a0The process of closing a house takes time. To close before end of year, sellers may be more motivated this October.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re in the market for a home, don\u2019t lose steam now. Data shows early October may give you the long-awaited opportunity to find the home of your dreams. Let\u2019s connect so you have a trusted ally and advisor to help keep you motivated so you can find the perfect home for you.<\/p>\n

 <\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE OF ADVICE.<\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"

Are you looking to buy a home? If so, we\u2019ve got good news for you. According to\u00a0a new study,\u00a0the sweet spot for buyers is just around the corner. Finish Reading Early October is the Sweet Spot for Buyers<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[36],"tags":[377,196,38,131,92,10,18,27,52,9,49,42,23,40,413,63,20,12,24,48,28,47,19,412,6],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2086"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=2086"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2086\/revisions"}],"predecessor-version":[{"id":2088,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2086\/revisions\/2088"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=2086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=2086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=2086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}