The Benefits of Selling Your Home in the Fall
Many people think that the spring and summer are the most lucrative times to sell a home. Despite what many people may say, autumn can actually be a great time to list your house on the market. Why?
Less Competition
One of the perks of listing your home in the fall is that there is far less competition in the market. Since most home owners decide to list during the spring and summer, you won’t have to try and stand out amongst hordes of homes.
Higher Sales Price
Another bonus to listing your house in the fall is a higher sales price. You will be looking at the summer activity and what homes sold for during those months to determine how to list your house. The homes that sold in the summer will also be used as comparables on your appraisal which can yield a higher value.
Let’s talk about it
Let’s talk about the market now, your home, and whether or not this is the right time for you to list your home for sale.
More Serious Buyers
Buyers who are purchasing during the autumn typically have a sense of urgency in their home buying process. Often they have been looking through the warmer months and haven’t been able to find the right home for whatever reason. By the time fall comes around they are ready to buy and close on their new home. This also means fewer showings of buyers who are just trying to see “what’s out there” on the market.
Past the Back-to-School Slump
Contrary to what many people believe, August, one of the summer months, is actually one of the worst months to list your house. Many buyers with kids prefer to be settled in August, not go under contract. Their reasoning is so they will have time to unpack and settle in before school starts. Personally, I also think that many people are enjoying the last of the summer fun and not necessarily looking at homes to buy.
Homeowners who list in August may find themselves surprised by how little traffic they get coming into their home. Listing in the fall allows home owners to avoid the back to school slump in the real estate season.
Home for the Holidays
An added benefit to selling your house in the fall is getting settled into your new home for the holidays. Buying a house in the fall means you’ll start creating new holiday traditions and memories in your home right away.
Don’t let the real estate summer myth dissuade you from listing your house during autumn. You may be pleasantly surprised by all of the benefits to selling your home during the fall months.
Let’s talk about the market now in your area, your real estate goals, and whether or not this is a good time for you to list and sell your home. Call, text, or email anytime. I’m always here to help! Thank you,
Jennifer Suemnicht - Jen's Realty - RE/MAX Metro Realty, Inc.
www.JensRealty.com / 206-550-1676 / jen@jensrealty.com
