Should I Sell My Summerville Home in The Fall?

Homes for Sale in Summerville, SC

Fall is always a time of year where people are unsure of whether they should place their home on the market. I often am asked, “Is it a good time to place my home for sale in Summerville? ” There are a number of factors to think about when you make that decision.

1.Motivated Buyers

During the fall, you are interacting with a select group of buyers who are very motivated and not just “kicking the tires.”  I personally have four different families coming to look at homes this month and all of them want to finish their home shopping time with a signed contract.  The buyers that are out looking at homes for sale in Summerville in the fall and winter are ready to move and want to do so quickly once they make a decision. There are also a number of tax benefits for those that close before the close of the year.

2. Less Inventory & Competition

If you watched my Fall Real Estate Market Update for Summerville, you know that there are fewer homes for sale than there are buyers.  We have half as many homes for sale in Summerville now as we did five years ago!  It is a strong seller’s market in the lower end (under 200K). However, in the higher bracket, the market is not as strong, even with a seller’s market. The rise in interest rates is causing the higher market to slow down a bit. In the fall, many listings come off the market because people don’t want to show their home through the holidays. That means those houses that are on the market get shown more and have less competition.

3. More Attention

The workload for everyone in the real estate industry starts to slow down in the fall months.  This includes real estate agents, mortgage brokers, home inspectors, closing attorneys etc.  With a diminished workload, your house and your contract gets more attention and you get a quicker response time. Everything from appraisals to inspections are easier to schedule once the fall months kick in.

If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.

Happy Fall Selling in Summerville!

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The Top Six Things that Impact the Value of Your Home

Real Estate for Sale in Summerville, SC

When you are purchasing a home for sale in Summerville, the home you decide on is entirely up to you! No one else makes this decision for you and signs the paperwork that makes this delightful home yours….HOWEVER…. if you are like the majority of home buyers, you will sell that home and move  on to another home within 5-7 years.

So, as you purchase your home, you are wise if you remember the resale value of the property you are buying. Buyers that make decisions based entirely on emotion, and ignore the future owners of their home, could find themselves in a difficult spot when it is time to resell.

With that in mind, here are the top six things to remember that will affect the resale value of your home.

Location

Is it a desirable town to live in? Are businesses thriving in the area? Is it in a good school district? Do people WANT to live where you are buying? Talking with your realtor to get a feel for the history of the area and their opinion on these things makes a difference.

Condition

This is one that you can (thankfully) modify. The improvements you make to better the condition of your home will help when you go to resell. However with things like square footage,number of beds/baths, and converting garages; be careful. The majority of buyers are looking in certain ranges (3-4 beds, 2-3 baths, 2 car garage etc.).  Don’t go crazy with additions and move your house out of the normal ranges the majority of people want. Most people will want a garage, not the extra room you turned it into.

Yard

We’ve all heard about curb appeal, but this goes beyond that. The majority of buyers like yards that are easy to maintain, peaceful and inviting. Work towards that.

Market Competition

There is no way to predict what the competition will be when you go to sell, just be aware that this will drive the home prices up or down on your home.

Neighborhood

Similar to location, this plays an enormous part in resale value of a home.  Is it a quiet neighborhood? Lots of kids? Sidewalks? Nearby Parks? Low Crime? Keep this in mind when you decide what neighborhood you want to plug yourself into.

Seller Motivation

This is probably the biggest factor that drives a property’s value. If someone just wants to get out of their home, they are willing to take a very low price. Having a relationship with a realtor ahead of time will help a person stay ahead of the “desperate stage,” and sell their house long before it gets to that point.

If you are interested in buying a home in Summervillenew home in Summerville , a historic home in Summerville or selling your Summerville home and want a realtor who will help you think through the resale value of your home, email or call me to schedule an appointment.

If you are a home seller and would like to discuss your Summerville Home and what it is worth in our market today, please e-mail me for more information or fill out this form.