The warm-weather housing market might be coming to a close, but don’t worry – there’s still a chance to find a buyer before the end of the year. In fact, you could be coming in at exactly the right time. Here are some benefits of selling your house in the fall, and why it might be a smart strategy.
Yes, the spring housing market is sure to bring out buyers, but plenty of folks may hold off on making an offer. With more homes to choose from, they can afford to be picky, and that could extend their search by months. Come September though, serious buyers will be feeling the pressure to make their move before the holiday season or bad weather hits. That’s where you come in.
Post-summer home buyers not only have the stress of the holiday season looming overhead, but their options are shrinking. Many sellers rush to close by September, so fortunately you’ll be competing in a much smaller market. That can be a powerful bargaining chip to help you close before the end of the year.
While families are more likely to make their move in the spring, millennials and empty-nesters usually swoop in a bit later in the year. They’re not the only ones, either: to avoid higher “on season” real estate rates, employers who need to relocate their workers often wait for the fall, when the market tends to cool down. These out-of-towners will probably need to get through the process quickly, too, which could mean a relatively speedy closing.
Depending on where you live, spring and summer can be a much-needed break from a harsh winter, and your house could probably use a little TLC. So give yourself those warmer months for some home improvements.
Photo courtesy of iStockphoto.com/benedek