Putting your home on the market in the fall can be an ideal time to sell your home. You’ve returned from summer vacation, the craziness of the holidays is still a few months off, and the weather is still mild – all factors which can help counter the stress of moving. Although the most popular times of year to list are spring and summer, waiting until autumn can actually give you an advantage. Here is a list of reasons why:
More Quality Time with Your Realtor
After summer ends, your real estate agent will be less busy. Fewer houses will be on the market, which means that your agent will have more time and resources to devote to selling your house. This can extend to other services associated with homebuying as well. Your experiences with appraisers, movers, and your mortgage lender may move more quickly. Overall, this creates less stress for both you and the buyer.
Because there are fewer listings, there is also less competition among sellers. Reduced inventory in the fall will make your house even more attractive to buyers. According to Lawrence Yun, NAR chief economist, properties stayed on the market for an average of only 41 days in October last year. Almost half of the homes sold last October were on the market for less than a month. This could be an encouraging predictor of houses on the market during fall this year.
It’s a Seller’s Market
Not only are homes selling quickly, median home prices are up. You could get a higher offer on your home than anticipated. We are currently in a seller’s market, which makes selling a home very profitable right now. According to a recent report from Attom Data Solutions, homeowners who sold their home in 2017 gained an average of $44,000 from what they originally purchased it for. You stand a lot to gain from meeting with a real estate agent and at minimum getting a rough estimate of your home’s worth.
You Can Decorate with Fall Décor
Lastly, selling your home in the fall gives you some great staging opportunities. Staging sells. And using fall décor can be an easy, elegant way to dress up your space. Warm paint colors, pumpkin spice scented candles, decorative vases with pinecones and leaves, warm blankets and throw pillows, turning on the fireplace during an open house– all of these can make your home feel cozier to buyers. You can make your home feel like the perfect place to spend the upcoming holidays. How you present your home to potential buyers can seal the deal.