November 11th, 2014 12:11 PM by Cat Moe
There are many questions homeowners ask themselves during the selling
process. "How much will my home sell for?" "How much should I list my
home for?" "Who should I select as a real estate agent to sell my
home?" "What if the real estate agent overprices my home?"
Last but not least, "Is this a good time to be selling a home?" is
also a very common question that real estate agents are asked.
As with every decision in life, there are pros and cons, and choosing
when to sell a home is no different. There are many factors that need
to be taken into consideration before deciding when to sell a home. Many
homeowners believe selling a home during the fall or winter months is
not a good idea and that the spring is the only time a house should be
sold. This is the furthest from the truth. Certainly most real estate
markets across the United States experience a "spring market rush" every
year. There is no doubt that the "spring market" is a great time to be
selling and buying real estate, however, the fall and winter seasons may
be the best fit for you for many reasons.
Here are several reasons why choosing to sell your home now may be a better decision than waiting until the spring:
One way that you can tell the spring real estate market has arrived is
by driving down a street in your local community. In all likelihood
there will be For Sale signs up all over the neighborhood! One great
reason to sell your home now and not wait until the spring market is
there is sure to be less competition. The fewer number of comparable
homes for sale, the greater the probability that a buyer will look at
Simply put, it’s the supply and demand theory. If there are less
homes for sale, there are less homes that a potential buyer can choose
from, therefore increasing the demand for your home. Not only will less
competition increase the probability for showings, but it will also
increase the probability that an offer will be received and you will get
the maximum amount of money for your home.
Serious Buyers Are Out There
Homes are sold and bought 365 days a year, period! Many homeowners
believe that buyers aren't out there during the fall and winter months.
This simply is not the case. Serious buyers are always out there!
Some buyers may stop their home search because it is the fall or
winter, but serious buyers will continue to look at homes, no matter
what time of year it is.
The fall and winter months are also a great time for a potential
buyer to see what a specific neighborhood is like. Do your neighbors
have pumpkins on their front step? Are there lots of Trick-or-Treaters
wandering the neighborhood on Halloween? Do any of your neighbors have
any light displays for the holidays? There are buyers out there who
will look at these types of things when determining whether your home is in the right neighborhood for them or not.
The Best Agents Are Always Up To The Challenge
Any real estate agent who tells you that the fall or winter months are a
bad time to sell is not someone you want selling your home! A great
real estate agent will know how to adapt to the current season and
market their listings to reflect that. A great real estate agent can
make suggestions and give some of their tips on hot to sell a home during the fall or
winter seasons. If a real estate agent doesn't have any suggestions on
making your home more desirable for the current season, you should be
concerned about the creativity they are going to use when marketing your
Staging For The Holiday Season
Many sellers believe staging a home is the main reason a home sells. While staging certainly helps sell homes,
some buyers have a difficult time envisioning themselves in a home no
matter what you do. However, there are some buyers who can easily be
"sold" on a home because it is staged. Simple “seasonal” staging such
as adjusting the color of the decor or having an aroma in the air that
is relative to the time of year can go a long way with some potential
buyers and possibly be the difference between a home selling or not.
Mortgage Rates Are Low
If you've read about real estate in the past year, it's likely you've
read that the mortgage rates are very low. You also probably read that
there is an expectation that the rates will increase very soon. Since
mortgage rates are so low right now, buyers are able to afford more
expensive homes. If mortgage rates increase over the fall and winter
months while you're waiting for the spring market, it could cost you
thousands of dollars as it could eliminate many buyers from the real
estate marketplace! Less demand for your home will mean less money.
Bottom line: take advantage of selling your home while the rates are
Right now, there are fewer real estate transactions than there will be
in the spring. The fewer number of transactions means the mortgage
lenders have less loans to process, attorneys have less closings to do,
and home inspectors have fewer inspections to do. All of these factors
should lead to a quicker transaction and closing for all the parties
involved. One of the most frustrating things for a seller to deal with
while selling their home is not getting answers in a reasonable amount
of time. A quicker transaction is going to be less stress for you.
By considering all of the reasons above, you will be able to
determine whether now is a good time to sell or if you should wait until
the spring.Article written by Kyle Hiscock and posted by RISMedia's housecall. We wanted to post this article due to it has some really great points about selling your home in the Fall and wanted our readers to take note of some of them!