Real estate agents are commonly asked, “Is this a good time to sell?” This can be especially true as we head into the fall season. With winter lurking just few months away, you may find yourself hesitating to list your home.
Many homeowners have been led to believe selling their home during the fall or winter months is not a good idea and spring is the only time a house should be sold. We believe this could not be further from the truth. 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 right fit for you.
Serious Buyers Are Always Out There.
Real estate transactions occur 365 days a year; so, if you have been told that buyers aren’t out there during the fall and winter, it is simply not the case. There is always a pool of buyers who are serious about purchasing. They could very well have been looking throughout the spring and summer only to have fallen short with a purchase. Some buyers may stop their home search, but those who are serious will continue to look at homes, regardless of the time of year. Since you’re ready to sell, having motivated buyers at your disposal is ideal for reaching the ultimate goal, a sale!
Less Competition for your Home
It becomes clear when the spring real estate market goes into full swing. Driving down local streets and seeing an influx of “For Sale” signs that have appeared overnight. One great reason to sell your home now, and not during the busy spring season, is you are sure to be competing with less sellers. With fewer number of homes that are comparable to yours on the market, it increases the likelihood that a buyer will be interested in looking at your home. It’s a simple supply and demand theory. If there are fewer homes for sale, and fewer homes that a potential buyer can choose from, this naturally increases the demand for your home.
Fall and winter months generally have fewer real estate transactions than during the spring and summer. This frees up mortgage lenders who are processing fewer transactions, attorneys who will have less closing documents to prepare, and home inspections can be expedited because companies have less to complete. All of these factors should lead to a quicker transaction and closing for all the parties involved.
Real Estate Partners Are Always Up To the Challenge
A great partner in real estate will know how to adapt to the current season and market your home accordingly. While the fall and winter season may appear to be more challenging, it requires a great team who will work creatively to market your property. For more information on listing your home this fall call Finger Lakes Realty Partners, the local trusted real estate agents in Skaneateles.
Jerry Morrissey, Broker-Managing Partner (C:315.730.0295)