Fall’s arrival presents opportunities for homebuyers, in part due to a “back-to-school mentality,” according to a survey by ERA Real Estate. If you’re a prospective homebuyer, tap into that renewed sense of motivation – and consider the following perks – while hunting for a home this fall.
You can enjoy year-end tax breaks. Buying before the year’s out allows fall homebuyers to take advantage of tax breaks such as the mortgage interest and property tax deductions. You can sidestep the multiple-bid minefield. Bidding wars dominated low inventory markets this summer, but competition tends to wane as activity slows in the fall. With fewer folks searching for homes, fall homebuyers can spend less time chasing supply and more time finding – and getting – the perfect home. You may have more bargaining power. Aside from less competition, fall homebuyers may have the opportunity to purchase their home of choice at a reduced price, especially when negotiating with sellers who had hoped to unload their homes over the summer. You’ll be home for the holidays – literally. As ERA reports in their survey, fall homebuying activity is also fueled by emotional motivation. “As vacations wind down after Labor Day and people become more focused, the desire to be in a new home for the holidays is a historically strong driver of fall home sales,” says ERA President and CEO Charlie Young.
Looking to move to Park City, well check out How To Make The Move To Park City, Utah recently posted in Forbes. Of course, uprooting your family and moving from an urban center, where you probably have family roots and a career or business network built over many years, is no easy decision. But, if you value the mountain lifestyle, though, it's well worth the effort to explore the idea. Here is their three-step guide to making it happen.
1. Take Some Vacations - Before you even broach the topic with your family, plan a couple vacations to Park City. See what it's like to live there for a week or so, while you ski, bike, golf or just relax by the pool. (Include both winter and summer trips)
2. Live in Park City for One Year - Plan to rent a house for a year, starting and ending in the summer.
3. Buy a Vacation Property - If you can't swing a full move, then a vacation property gets you part way there. Eventually, the vacation home becomes permanent.
IN THE NEWS - Utah named 2nd happiest state in U.S. Happiness can come from a number of different sources, and those sources can vary between each person. According to a recent study by the National Academy of Sciences of the United States, one thing that does not create happiness is money. Happiness will only increase with wealth up to an annual income of $75,000. But, happiness can increase depending on where a person decides to live.
In a study by WalletHub, Utah is named as the second happiest state in the country. This placement was determined by a number of factors, including: Suicide rate, sports participation, employment, work hours, growth, income, divorce rate and more. Utah ranked No. 1 in sports participation and volunteer hours. The Beehive State placed in the bottom 10 for suicide rates. It also has the lowest divorce rate and has work hours compared to the other 49 states of America. Utah ranked fourth in safety and fifth in highest income growth.
Based on these rankings, Utah was placed second, just behind Hawaii, as the happiest state in the United States.
List of happiest states in America:
- Hawaii
- Utah
- Minnesota
- North Dakota
- California
- Idaho
- Maryland
- Iowa
- South Dakota
- Nebraska
- Wisconsin
- Connecticut
- New Jersey
- New York
- Virginia
- Massachusetts
- Washington
- Colorado
- Georgia
- North Carolina
- Arizona
- Texas
- Illinois
- New Hampshire
- Kansas
- Nevada
- Delaware
- Montana
- Florida
- Pennsylvania
- Rhode Island
- Indiana
- Maine
- Michigan
- Wyoming
- South Carolina
- Ohio
- Vermont
- Oregon
- Tennessee
- New Mexico
- Missouri
- Mississippi
- Kentucky
- Alabama
- Oklahoma
- Alaska
- Louisiana
- Arkansas
- West Virginia
