Our local fall real estate market promises to be a strong one! Here’s why:
#1 TIGHT INVENTORY
Tight inventory creates an urgency in buyers resulting in an active market. You can expect a home to sell quickly and you’re more likely to receive multiple offers and sell for full price. An active market makes it imperative to list your home with a local Realtor who will be efficient and responsive.
#2 LOW MORTGAGE RATES
Today’s rates are inspiring new buyers to purchase homes. Mortgage interest rates have been falling since May, so borrowers, especially millennials, are anxious to buy now and lock in a low rate.
#3 A SERIOUS BUYER POOL
Come September, buyers who did not find their ideal home in the spring will be feeling the pressure to make their move before the holiday season or bad weather hits.
#4 DIFFERENT BUYER DEMOGRAPHICS
While families are more likely to make their move in the spring, millennials and empty nesters usually buy in the fall. Additionally, employers who need to relocate their workers often wait for the fall.
#5 LOW UNEMPLOYMENT RATE
The local job market is strong with a low 3.8% unemployment rate. This deepens the pool of buyers since solid employment is a large influencer in home ownership.
#6 FINANCIAL BENEFITS
If your home has gained substantial equity, the value you’ve built may be enough to get you a healthy down payment on your dream home or give you a comfortable cushion for retirement.
#7 THE BEST REASON OF ALL ~ Your readiness!
No matter the season, the best time to sell is the best time for you. Does your current home still meet your needs? Do you need more bedrooms, or are you ready to spend less time maintaining a lawn and home? Various personal factors play into your decision to sell, from job changes to family changes to just generally feeling ready. If you're ready to sell this fall you need to start now!
The first step is knowing the value of your home in today’s market. Contact the local experts who have served this area for over 45 years; Beiler-Campbell Realtors & Appraisers.