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.
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!