Spring is the most popular time to sell a home, yet there are some advantages to getting your house on the market in the autumn months. Although you may feel you have missed out by not putting your house on the market in the spring, the fall months for selling your home could be a feather in your cap. Look at the following four benefits to selling your home in the fall, along with tips for leveraging those to find a buyer.
Demographics Most Likely to Buy in the Fall
Serious homebuyers for this time are often millennials, empty-nesters, or relocated employees without children. Without having to consider a new school year, they are more apt to buy before the end of the year to lock in mortgage rates, avoid the hassle of a move in the winter weather, or get settled in a new location for their job before the start of a new year.
Less Inventory—Less Competition
Homes listed for sale are generally lower in autumn, so you are not competing as much with other buyers. While sellers are more susceptible to the pressure of buyers’ demands during the peak season, you have a better chance of attracting buyers to your home and getting them to accept your selling price during a slower period.
The fall brings vibrant colors, a cooler temperature, and more choices for décor. The heat and humidity of summer have mostly passed, and the new season of harvest and festivals lures people out into the environment. It is a time when people may want to make a big purchasing decision before the rush of the holidays and the end of the year.
Improve the curb appeal of your home and stage the inside. You can do this in the following ways:
1. Clean and De-clutter
2. Replace dim lighting
3. Add flowers
4. Paint and caulk
5. Purchase new pillows, curtains, and candles
6. Re-arrange your furniture for better social interaction
7. Use gas or electric fireplaces for ambiance
8. Don’t overdo decorations.
9. Photograph the property while you still have natural lighting.
Since the fall tends to be an off-peak season with fewer home sales and real estate transactions, your closing should go quicker and with less stress. You should be able to book with mortgage lenders, home inspectors, attorneys, and other vendors related to your home’s sale without delay or hassle.
There is never a right or wrong season to sell your home. Although spring may lure many enthusiastic families into wanting to buy in the warm weather, the fall can be equally enticing for others. You’ll find that many are motivated during this time to buy because they want to settle in before the winter and holiday season. Still, whatever season you decide to sell, it’s always important to prepare your home adequately and know the strategies to attract the aptest buyers.