It is a common idea amongst homeowners that spring is the ideal time to list their home on the market. With spring in the air and summer just around the corner, many think that spring is when buyers are ready to make a purchase and are willing to pay top dollar to move. But, that is not exactly true.
The reality is that people are looking to buy homes all year round, and the fall can be a very smart time to list your home or consider purchasing a new home. The fall real estate market is almost always an active real estate market.
There are many benefits to listing your home for sale in the fall, and let us take you through why we think it is a great idea to sell your home during the autumn months.
‘Tis the season
Ideally no one wants to move in the winter and serious buyers are likely itching to get the keys to their new home now rather than next spring. People want to be settled into their new home to enjoy their holiday season.
Also, buyers know that the holiday season can be tough on the wallet already, which is why they are looking to buy before budgets get tight post-holiday season. Those buyers are out there in the fall, looking for their dream home and serious about finding the right fit.
Due to the popular idea spring season is the season to go house hunting, the market often gets flooded with buyers all trying to find their dream home once spring hits. During the fall, Buyers seem to have more time to properly consider and plan for their new home purchase. People are happy and relaxed as the temperature begins to fall and routines are reestablished. Fall is seen in the real estate industry as fresh renewal after the joys of the summer vacation and more relaxed schedules.
The interest rates on mortgages are continuing to rise in Ontario, and buyers know that they should lock in their mortgage now. Waiting can cost buyers some serious money in the long-term as banks continue to up interest rates in an effort to cool the market. Purchase affordability may also be affected as new lending criteria is being released.
Selling this fall
If you are on the fence about selling, why not start talking about it now? With a professional experienced Realtor on your side, you will be able to get the best price for your home regardless of the season.