Spring and summer are traditionally thought of as the busiest times in real estate, but buying or selling a home during the autumn and into winter can carry many advantages, too.
After all, people are always moving and deciding to buy or sell, no matter what season it is. The National Association of Realtors has found that fall is the best time to purchase a home. People are no longer traveling as heavily as they did in the summer, kids are back in school, and there is a certain stability to the fall season.
While buyers currently have fewer homes to see and choose from, they also want to get the most value for their money and are being more selective.
Reasons Why Fall is the Best Time for Sellers
- Analyze the market.
It’s important that if you decide to sell your home in the fall, you first analyze the current state of your local real estate market. While you may not know how to do this, if you reach out to an experienced real estate agent, they should be able to help you with this. Understanding the type of market your area is experiencing is important. Is your local real estate market in the midst of a sellers market, a buyers market, or a balanced market?
- Motivated sellers and buyers.
Sellers who keep their listings active in the fall usually have a motivating factor behind their decision, which can benefit the buyers. While it isn’t fully a buyer’s market, because they likely have less showings, they may be more open to accepting an offer. Those who didn’t buy their dream home in the spring/summer are more eager to be in their new home before the holidays. Other motivations include a recent job transfer or a desire to have their kids move to a new school prior to mid-year breaks.
- Less competition.
Spring may have higher demand, but it also comes with higher inventory. Your home listing in the fall means less competition for you and possibly a better offer. Make sure you have done a great job of addressing curb appeal, staging, and cleaning to help your home really shine.
- Time to move on.
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
- Bonus for sellers: appliances bargain!
More than likely, if you are selling your home you are planning to buy a new one as well. Fall is a great time of year to score major bargains on home appliances. The month of December, according to Consumer Reports, is the best time of year to buy appliances such as dryers, washers, refrigerators, and stoves.
- Analyze the market.
Although fall is a great time to sell your home and the industry is very active, it can be a challenge to sell as the holidays approach and many people are focused on other things.
If you’re wondering how many homes are on the market in your local area, feel free to give us a call at (888) 874-8692 and our Alliance agents will help you. They’ll have a comprehensive list of homes on the market and can let you know if now is a good time to list your property for sale.