The question that crosses every seller’s mind – when is the best time to list? Spring is the busiest season for buying and selling, so most sellers think it’s best to wait to list their home. But what if you need to make the move now? Good news – fall is the 2nd busiest season in real estate!
Buyers looking at homes in autumn tend to be more serious and motivated to move than the numerous window shoppers that come out in spring. There are many reasons – job relocation, downsizing, change in family status, etc. and most want to buy by the end of the year.
Fall offers certain benefits to home buyers including:
Year-end tax breaks – Both mortgage interest and property taxes are deductible from gross income, so purchasing a home and making a payment prior to year’s end will give you an extra deduction. In addition, if you have prepaid some interest prior to your first payment, that interest can also be deducted.
Pleasant weather – Fall is an ideal time to plan a move, the weather has cooled from the heat and humidity of summer and you get out ahead of the freezing temps and icy conditions of winter.
Broad selection of homes – With a bit less demand than spring, buyers will find a wider array of homes available in the fall, increasing the odds of finding the perfect property.
A bonus for fall sellers – autumn decorations and colors will make your home feel more inviting and warm to potential buyers. Put some brightly colored mums and pumpkins on your front porch to up the curb appeal. Add a couple gourds and colored candles to your dining room table or fireplace mantel. Always remember to keep it simple – people hate clutter!