Most people make the mistake of thinking they need to wait for spring to put their homes on the market. However, there are three reasons why now is a great time to sell.
Should you put your home on the market in the fall and winter? My answer is yes. Why? It all boils down to supply and demand.
Inventory drops dramatically in the fall and winter because many people think they need to sell their homes in the spring and summer. However, since so many people put their homes on the market in April and May, a lot of those sellers end up taking their homes off the market in the fall.
What does that mean? You will face less competition by putting your house on the market in the fall or winter.
You will face less competition by putting your home on the market this fall.
Another benefit to selling in the fall and winter is that buyers tend to be more serious this time of year. A lot of buyers have to move because of a job relocation or tax ramifications. Other buyers really want to get into their new home before the holidays. The number of showings you get may go down, but the quality of your home showings will go up.
Finally, interest rates are still incredibly low right now. It looks like the Fed will raise the rates at their December meeting. By selling now, you will have a wider buyer pool than you will if you wait until after rates go up. The lower interest rates are, the more buyers will be able to purchase your home.
Ultimately, now is a great time to get your home on the market. If you have any questions about preparing your home for the fall market, just give me a call. I would be happy to help you!
