If you’re selling your house this fall, here’s what to remember:
- When you list your home for sale, make it your number one goal to get your house sold at the most competitive price.
- Knocking out several small projects in advance is an easy way to help make this happen.
- Your realtor can give you more specific guidelines to get your home showing-ready, while also serving as a reliable resource if you need to find local contractors in your area.
Because sellers in transition don’t have time to waste: Say goodbye to the average 45-day closing and say hello to your new home in 10 days.*
3 benefits of selling in the fall and not waiting for spring
Spring’s when the housing market heats up, in preparation for the ultra-competitive months of summer. But if you’re ready to make a move, there are some key advantages of acting sooner rather than later.
Current housing market conditions indicate why you may be better off selling this fall instead of next spring:
- Buyer demand remains high. Buyers are still on the hunt for their dream house, even after the summer. Buyers may compete — and often engage in bidding wars — to snap up the listings available. A report issued by ATTOM Data Solutions last fall showed that mid-summer to early-fall home sellers netted a whopping $61,232 on average.
- Sellers have less competition. Housing inventory hasn’t been able to keep up with the surge of demand from summertime homebuyers. Fall home sellers are paying attention. Across most of the U.S., there still aren’t enough properties listed for sale to satisfy the number of buyers searching for houses.
- Now’s the time to trade up. Home prices continue to appreciate. This means that, if you’re ready to trade up to a home in a higher price bracket, you could end up paying more for your down payment and monthly mortgage should you wait. Another ATTOM Data Solutions report recently showed that the average seller has gained $67,500, or a 33.9 percent return, in equity that you could leverage when moving up to a bigger space.
Selling sooner also gives you the chance to start your next chapter. Think back to the reason you started searching for homes and decided to list your house in the first place. This can give you a clear picture of whether or not it’s a good idea to wait. In many cases, you’re better off capitalizing on today’s housing market so you can move into the home you have your eye on — and move forward with your life.
The simple way to sell your house and save your sanity
Selling soon? Tidying up is one way to get into your new home faster. So’s working with a loan officer who’s skilled in the art of getting buyers home in 10 days. Sometimes, we even outdo ourselves: As Deepika from Oklahoma says, “They helped us close on the house we love in 8 days!”** Click here to find a local loan officer and make mortgage easy & fast.
*”Origination Insight Report.” Ellie Mae®, Jan. 2019.
**”Cornerstone Home Lending, Inc., NMLS# 2258.” Zillow, July 2019.
For educational purposes only. Please contact your qualified professional for specific guidance.
Sources are deemed reliable but not guaranteed.