Fall is officially underway, and these months can be a great time to sell your home. If you are planning a home move, it could be worth considering putting your property on the market around now.
This is quite different and from the past when it was more traditional to list your home in spring, and to miss this selling season was to miss the boat. The reason for this was because September coincided with the start of the school year and was quickly followed by large celebrations around Thanksgiving, Christmas and New Year. In the past nobody really wanted to take the time to look at homes during this season, but things have moved on since then.
Nowadays home buyers aren’t necessarily looking to time their purchase around school terms, largely due to people living longer and setting down when they are a little older. As a result there are more single and first-time buyers, as well as millennial buyers and baby boomers that are looking to sell and buy property. The article by Zillow also points out that many buyers now search for property online and can often virtually tour a home without leaving their couch. While it’s true that spring is still traditionally the busiest time of year, times that were normally quieter such as fall are now seeing far more action, right through until Christmas.
If someone is serious about buying a home they are not going to give up looking merely because the seasons change and will be searching online every single day of the week. If the right home appears and they are ready to move then they could be even more motivated than buyers during summer months who may be distracted due to vacations and other events. It’s also a time of year to sell as there is less competition. Fewer homes on the market is good news for sellers.
However not everybody wants to sell their property just before Christmas and are worried about the disruption to their own lives. It’s true it can be a real hassle to have to get the home ready to show when you’re right in the middle of preparations for Thanksgiving or Christmas. If this applies then it could be worth thinking about listing your property in January when inventory levels will still be low, but it’s possible there might be many more buyers who have made it their New Year’s resolution to purchase a property this year.