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As fall rolls around, it brings apple picking trips, cool weather, and changing tree colors. However, one underappreciated byproduct of the seasons changing is that the real estate market is ripe for those looking to sell and a Realtor will recommend listing in September vs. August. While you may think selling in the summer is the best option, having less competition, optimal weather, and lower moving costs are just some reasons realtors recommend selling in the fall.
Although selling in the fall is ideal for many reasons, you should also be aware of some potential downsides to selling during this time.
Continue reading to find out why realtors recommend selling in the fall and how to position yourself to get top-dollar for your home this year.
1. Lower moving costs
Lower moving costs in the fall are beneficial to both buyers and sellers. The peak season for moving is in the summer, and moving companies know that’s when they can charge the most. The moving companies have far less demand than during the fall/winter months, so they have no choice but to drop their prices.
You can maximize your savings by being strategic in the timing of booking your moving services. Booking in the middle of the month or mid-week tends to have the lowest rates compared to other times in the week and month.
2. Much less competition
With lower inventory in the fall, listing your property at this time means less competition. Selling during this time of year also means you’re more likely to get favorable terms from sellers who put offers in.
Less competition in the market may also translate to more eyeballs on your home. This increases the odds of getting offers quickly and the possibility of a bidding war between multiple buyers who want to buy your house.
3. Ideal moving weather
The weather is often a significant factor when deciding to move for many families, and fall offers the best conditions for those looking to make a move. Moving during the hot summer months can be a sweaty nightmare while moving during the winter can be dangerous with ice and freezing conditions. Fall is an excellent middle ground where you’ll find mild weather ideal for moving.
4. Serious buyers are in the market
Off-peak times tend to attract buyers with high intentions of making a purchase, while the summer draws in a larger pool of people that may not be 100% ready to buy. Summer open houses tend to attract neighbors or potential buyers who like to browse but buyers in the fall know that they should make a move before the winter weather rolls around and complicates their moving plans.
5. Curb appeal
Another reason realtors recommend selling in the fall is that homes often look their best. Whether it’s the vibrant colors of the leaves on the trees or your unique display of fall trinkets on your porch, most homes look their best in the fall and draw in the most potential buyers.
6. Faster closings
Since there are fewer real estate transactions in the fall, you may have a better chance of closing on the sale of your home faster than you would in the summer months when inventory is high and more homes sell faster.
Lenders may have fewer loans to process, and home inspectors and appraisers have fewer appointments, making it possible for you to close sooner than before.
While selling in the fall comes with a host of different benefits, there are some things that you should consider before you decide to list your home:
Moving and your kids
Moving during the fall months may be difficult for many parents with younger children still in school. The school year typically starts in the late summer or early fall, and moving during this time may make it hard for your kids to say goodbye to their friends right as school starts.
Holiday Decorating
Selling your home in the fall may mean you’re not able to decorate your home the way you’re used to. Your holiday decor might take a backseat with regular showings and open houses.
While selling your home during the fall may not seem like a great idea, this is one of the best times to sell your home for many reasons. You’ll enjoy lower moving costs, low competition, and great weather if you decide to sell in the fall. While there are some downsides to consider, selling your home in the fall puts you in the best position to get top dollar for your home and have a positive selling experience.
If you have any questions or want to discuss listing your home for sale in the fall of 2022, give me a call at 306-552-7047 or fill out my online contact form.