How to Score a Deal on a Home

After School Starts
 Maybe you thought spring and summer were the prime time for buying.
as their kids finally return to classes. (And can you really blame them?) But with summer sputtering to a close, parents aren’t the only ones who should be celebrating. Would-be home buyers, rejoice! If you’re looking for a good deal on the right home, now is

Here are four ways to make it happen.
1. Stop procrastinating and get started
“There are fewer buyers looking, so there’s less competition. “No matter how hot a market is, you’ll still see price reductions and more inventory staying on the market longer from September through December.”

2. Ask for concessions, but stay flexible
After school starts, sellers are more inclined to negotiate terms to seal the deal.“I’m seeing more sellers contribute to closing costs, which appeals to buyers who might have a steady income and great credit but don’t have a lot of cash saved up. A home buyer warranty, carpet allowance, and appliance upgrades are a few things you can ask for if sellers can’t budge on price. Sellers also have a bargaining chip in negotiations: They can ask for an extended closing date, or ask to rent back their home until they find their next property,
3. Take your time
In recent years, home buyers have increasingly dealt with bidding wars, over-the-top cash offers, and low inventory. The result? If you don’t jump on a home that you kind of like, it’ll be gone.
But waiting until school’s in session means you can take your time when searching for the perfect home—and making an offer that makes sense for you.
“When the kids are back in school, they can take their time to look at homes online, go to showings, and dedicate more time to the process so they find the right home.

4. Research comps—and be ready with the right offer
In a high-demand, low-inventory market, buyers are ravenous—and willing to shell out big bucks (sometimes over asking price) to get the home they want.

Truth is, the end of summer has some distinct advantages for home buyers who aren’t tied to the academic calendar. So, with the kiddos back in school, you might be able to swoop in and score a deal. Source Rosa.Pace@Realtor.com