While
some believe the optimal time to put a home on the market is in the spring,
selling a property during the fall months has several distinct advantages for
homeowners to consider.
During
the fall, there are typically fewer homes available for sale than in the spring
and summer. This means less competition and properties on the market are more
likely to make an impression. This fall offers a serious opportunity to have a
home stand apart in the market.
National
trends show buyers are out in greater force, taking advantage of excellent
housing affordability and driving up home sales and prices. According to the
National Association of Realtors®, existing home sales rose 7.8% in
August from the month before, and were 9.3% higher than a year prior. Median
home prices also rose for six straight months, year-over-year. And according to
the Wall Street
Journal, consumer confidence increased in September to its highest
level since February, suggesting that spending could rise and help the economy.
These are positive indicators heading into the fall market.
Consumers
touring homes during the colder months are serious buyers and eager to purchase
a new residence. Many of those home seekers need to purchase a home because
they are relocating to the community due to a job or lifestyle change.
Fall also
presents an opportunity to spruce up a home and make it shine to fit the
upcoming holiday season. Open the blinds and curtains to let in more natural
light and stage the home with pumpkins, wreaths and other festive decorations.
Set the thermostat at a comfortable temperature, warm and welcoming if cold has
settled in outdoors. If the home has a fireplace, arrange furniture so it is
the centerpiece of the room. Staying on top of a property's upkeep shows buyers
the current owners have been diligent about maintaining their home in good
condition. Rake leaves regularly, and clean gutters and downspouts. Bare trees will
make flaws in a home's exterior more visible, so fall is a good time to
power-wash and touch up exterior paint.
Using data
gathered from your specific community, I can provide and explain the specific
factors that could impact your decision making process. You just may discover
that fall really is the perfect time to move forward with the lifestyle you desire
and I am happy
can help!
