Why Back-to-School Season Is the Perfect Time to Buy a Home

Aug 3

As summer winds down and the back-to-school season approaches, many buyers might not realize that this time of year is actually a great opportunity to find their dream home. Especially for families with school-age children, there are several key reasons why the late summer and early fall months offer a unique advantage when it comes to buying a home.

1. More inventory to choose from

As the summer market begins to cool, many sellers who listed their homes earlier in the season might be eager to close before the holidays hit. This results in more homes becoming available on the market in late summer and early fall. More options mean you can be more selective in your home search, giving you a better chance of finding the perfect home for your family.

2. Close before the holidays

For families with children, moving before the holidays can be a priority. By purchasing in late summer or early fall, you give yourself enough time to move in, get settled, and adjust to your new space before school events, holiday gatherings, and the general busy season that comes with winter. Closing during this time frame gives you the flexibility to start fresh without the pressure of competing with end-of-year festivities.

3. More negotiation power

Historically, the back-to-school season tends to be a less competitive time for buyers, especially as most families have already made their home purchases earlier in the year. Sellers may be more motivated and willing to negotiate. This could mean more favorable pricing and terms for buyers, allowing you to make a better deal than you might have during the hot spring or summer months.

4. Take advantage of lower interest rates

The fall season often coincides with lower mortgage rates, especially if the economy cools after a busy summer market. Buyers can often take advantage of these more favorable interest rates to secure better financing terms, making this the perfect time to make a move without breaking the bank.

5. Settling into a new school year

For families with kids, it’s important to find a home in the right school district. By purchasing in the late summer or early fall, you have time to get familiar with the local schools, the neighborhood, and everything your new community has to offer. You can also begin building those important relationships with neighbors and local organizations, all while ensuring your kids can start school in their new home without interruption.

6. Less rush, more focus

The hustle and bustle of the summer market often leads to rush decisions and competition for homes. In the back-to-school season, buyers tend to move at a slower pace. This gives you time to thoughtfully evaluate properties, request inspections, and make sure that your new home is truly the best fit for your family.