5 Dynamite Reasons to Sell Your House This Fall
Ah, the crisp smell of fall is in the air, the leaves are bursting into brilliant color, kids are back in school, and it might be the right time for your to considering selling your house. Conventional wisdom says to list your home in the spring, but is that the right choice this year? Here are a few facts to consider that might sway you to sell during the autumn season.
1. There’s less competition in the market.
The traditional time to list a family house is in the spring when the flowers are beginning to bloom and families are looking to move before summer vacation takes hold, but the mild temperature of autumn, beautiful orange and gold leaves, and less competition on the real estate market can make it easier to make a home an enticing find to prospective buyers.
2. Demand is still strong.
According to the Realtor’s Confidence Index, demand throughout the country is still high and it’s a good time to take advantage of it now before…
3. Inventory increases.
The negative equity situation in previous years has trapped many families in their homes and caused them to stay put, but since real estate prices have been climbing in recent years, there’s a renewed desire for many homeowners to sell. This means means that many homes will be coming to the market in the spring and summer months. Additionally, now that builders have more confidence in the market, new single-family homes will be coming on the market so the choices buyers have will continue to increase.
4. Buyers can take advantage of tax breaks.
Property tax and mortgage interest are both deductions you can tax on your taxes for the whole year, even a buyer closes on a property in December. This is worth thinking about and just sweetens the deal for prospective buyers. Another tax advantage is for buyers who can close on a house before January 1st – that is that they’re able to file for homestead exemption. So, not only is this good for sellers as an advertisement for buyers who might want to buy their home before the new year, it is equally good for sellers who are also buying a home!
5. And it’s a GREAT time for you to upgrade.
Home prices will continue to rise and if you’re planning on moving into a bigger house, now is the time to do so before prices appreciate. Rates are forecasted to increase in 2017, AND house prices are projected to go up a whopping 5.3% over the next year. Lower rates and lower prices give you more buying power. Selling your home now will put you in perfect place to upgrade to a newer, larger home before these increases.
If you think that selling your home this fall might be the right choice for you and your family, get in touch with me today. I’d love to take you for a nice fall-flavored pumpkin spice latte and give you a free home estimate as we have our coffee talk!