Here are five reasons why it makes sense to list your home for sale this Fall:
1. Demand is strong
The latest buyer traffic report from the National Association of Realtors (NAR) indicates that buyer demand continues to be very strong in most areas of the US. These buyers are ready, willing and able to purchase. Take advantage of the buyer activity currently in the market.
2. There is less competition now
Housing inventory is still below the six months supply that is needed for a normal market. Currently, there is still a shortage of houses on the market to satisfy the number of buyers. This could change soon. More homes are expected to come on the market next year as more owners are motivated to sell as home values increase and owners build up more equity.
3. The process will be quicker
As home buyers have learned to be more prepared before buying a house, the whole buying process will be faster and simpler. Buyers will be pre- approved for a mortgage and will know exactly how much house they can afford. They will be more focused and be able to make a decision quickly.
4. There will never be a better time to move up
If you are thinking of moving to a bigger and better home, now is the time to do so. The inventory of luxury homes has increased and has turned the higher priced segment into a buyer's market. So you will be able to sell your home AND find a premium home quickly.
5. It's time to move on with your life
What is the reason you decided to sell in the first place? Determine why it would make sense to wait longer or sell now. Chances are that you'll be in a similar situation a year from now. The market may have changed by then.
Posted by Andreas Holder on