I hope you've been able to enjoy our beautiful cool, fresh air and spend some time outside! This is my favorite time of year.

Over the last few years, I've personally noticed that buyer demand slows down a little bit after the school year starts. Buyer demand also slows down because kids are back in school and a lot of families don't want to disrupt their school year. I think many local realtors would agree with me.

I consider Fall a "second spring market" because the buyers that are still around have amazing opportunities to get houses under contract without having so much competition.

Keep an eye out for properties that have price reductions, or have been sitting on the market for a while. What can happen is sellers wait to long to list their home, and they miss the Summer rush. Then when they do list, they still want to receive summer prices. When the house sits for a bit, then they need to start reducing their price. But once the seller starts reducing their price then people get worried - they'll ask: "What's wrong with home?"

My wife and I have successfully bought three homes over the last seven years that have had price reductions and seller credits, and we waited for opportunities like this to strike. Each property we used the lowest down payment possible. 3% for our first condo, 3% for our first single family, and 5% for our forever home. We kept each property and we rent them out now.

If you're able to negotiate an inspection and get a home warranty, that usually covers all of your bases. Especially if you're willing to have an open mind regarding the current condition of the home. 

That's why I love to offer renovation loans as well, That way you can take advantage of making the home of your own and financing the cost of the repairs. You can usually cover most of the cost of renovations out of pocket, so long as your budget is over ~$15,000 for upgrades/repairs.

Questions, don't hesitate to call me at 414-488-0438