So you’re ready to make a move, but you’re wondering if you’ve waited too long…or not long enough. You’ve heard the market is hotter in spring, so should you hold off until next year? Not necessarily! While there may be more activity in the spring, there are advantages to buying and selling a home in the fall that are worth considering.
Less Competition
If your home would be the only 5 bedroom home in your town under $500k, list NOW, rather than waiting until spring when there likely will be 5 or 6 just like it on the market! Sure, many families need to make a move during the spring and summer months, because fall schedules don’t allow for it. However, if you can swing a fall move, you’ll find a whole lot less competition, which can make the process a more positive experience. With fewer homes on the market, as a seller, your home’s unique features will stand out without having to compete with a sea of similar properties. Your home will have a higher potential to be a one-of-a-kind, rather than listed alongside 3 other homes on your street, and it could be just what a buyer out there is looking for. This can, in turn, yield a higher sale price for your home without the need to price quite as competitively, so if you’re after the highest and best sale price, the fall market might be for you!
Less competition can make for a more pleasant experience for buyers as well. With fewer buyers shopping for homes, there is less of a need to rush and make split second decisions, as multiple offer situations are statistically less likely. A calmer pace to the transaction can lessen stress on all parties involved and be a happier, more positive experience overall.
Serious Buyers
While the spring and summer months might bring out MORE potential buyers, many of those are less seriously about purchasing a home and are just out to tour homes and take advantage of the spring market hype. While there may be fewer buyers out and about in fall, the ones who are tend to be serious buyers who are ready to purchase a home. They often are feeling the pressure to purchase and be settled in their new home before the holidays, which is a great advantage for sellers.
If you’ve been thinking you should just wait until next spring to buy or list, let’s talk about whether taking advantage of this fall market might be the right move for you!
Contact me at 704-792-8768 or [email protected]
