Fall is a bonanza for homebuyers - KTEN.com - Texoma news, weather and sports

Fall is a bonanza for homebuyers

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Realtors say the start of fall is a great time to buy a home. (KTEN) Realtors say the start of fall is a great time to buy a home. (KTEN)

ARDMORE, Okla. -- When it comes to buying or selling a house, timing is important.

Right now, the experts say it's time to buy.

The first week of fall is referred to as "black Friday" for real estate, because of a number of factors.

"They've got less competition; the prices tend to go down; and the market is just set for buyers at this time," real estate broker Tom Love explained.

Ardmore is just one of many markets seeing an increase in buys.

"Forty-one out of the 53 markets actually show an increase," Love said. "Most buyers and sellers, they buy and sell during the first part of the spring and then all of the summer."

This results in an increase in sellers when fall rolls around. With little demand, prices drop. Factor in low interest rates, and you have a home-buying bargain.

"When I started real estate, interest rates hit 22 percent. Right now here we are with less than 4, so it's a great time for anybody to buy," Love said.

If you're looking for a new place to live, it's easy to get started.

"Call your favorite friend or relative. Give them a call and tell them what you're looking for, and I'm sure there's some great Realtors around here that'll help you out," Love said.

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