The weather is finally cooling off and a lot of people are looking for their new home. The following are sound reasons to sell your home in the fall:
Demand Is Strong – The National Association of REALTORS® released its latest Buyer Traffic Report that shows buyer demand is still strong in the majority of the country – including the southwest region. The buyers are serious about finding their ideal home and looking at this time of year. In some areas of the country sellers are getting multiple offers from buyers who are competing with each other. Now is the time to take advantage of the activity created by so many buyers.
There Is Less Competition - The inventory of homes is still below the 6-month supply that is crucial for a normal market. This means that there are fewer homes for sale for the number of buyers. Before 2011 a typical homeowner would stay on average of six years in their home. After 2011 that number has risen to between nine and ten years. This rise was most likely a result of the real estate market still being in flux from the housing recession. As home values continue to appreciate, more and more homeowners will be given the freedom to move.
Many homeowners were reluctant to list their homes over the last couple years for fear that they would not find a home to move to. That is all changing now as more homes come to market at the higher end and developers are again building new homes. Selling your home now, while there is still lower inventory, is to your advantage.
The Process Will Be Quicker - Most Realtors advise their buying clients to get pre-approval for mortgage financing. This alone makes buyers more attractive in the selling process since it helps to quicken the process.
Want To Purchase A Luxury Home - Looking to find a larger, premium or luxury home? Now is the time to move up as this market is starting to heat up again. There is currently ample inventory for sale at the higher price ranges. This means if you’re planning on selling a starter home and moving into your dream home, you’ll be able to do that in the luxury or premium market. CoreLogic projects prices to appreciate by 5.2 percent over the next year. Now is the time to make your move.
Is It Time To Move On With Your Life – Take a good look at the reasons you have decided to sell in the first place and determine whether it is worth waiting. Weigh these reasons against the reasons you might want to stay. Only you know the answer to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.
