Why fall is the best time to purchase a home, Ross Mortgage CEO says

(WXYZ) - Tim Ross, CEO of Ross Mortgage, says fall is the best time to purchase a home.

There's no surprise that spring and summer usually get all the real estate glory as the busiest time to buy a home, but it isn't necessarily the best time.

The timing of buying a home is critical, and good timing can be the difference between purchasing your dream home and losing it to another prospective buyer.

According to experts, sale prices drop nearly 3 percent in the fall.

Although inventory might be lower in the fall, it turns out, that because of the lower home prices, less competition, worn-out home sellers and year-end tax credits, fall is actually the best time of the year to purchase a home, and you're more likely to get a better deal than you would in the summer.

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