Think you should wait? Think again...
Updated: Nov 8, 2018
It’s Fall! The weather is crisper, the leaves are turning and pumpkin spice is in the air. But just because the season is changing, it does not mean it you should wait to list your home for sale. Mums, sunflowers and pumpkins adorning the fronts of houses and porches can make a home come alive. Everyone loves the fall and Halloween time, especially in Monmouth County where there are endless farms, orchards and hayrides to enjoy all the fall fun and Halloween scares.
Why should you consider selling now? First of all, there’s less competition! When the spring market rolls around, you see “For Sale” sign after “For Sale” sign throughout the neighborhood. Everyone lists their home in the Spring and Summer! If you list now, your home will be more in demand with less inventory on the market. Also, many families with children consider moving during the summer, before the school year starts. If they did not find a new home, instead of pulling their children out of school during the school year, they will decide to remove their listing from the market. In turn, they leave room for more buyers to look at your home.
Recently, the buzz in the real estate market is that interests rates are predicted to increase over the next several months. Many buyers know this and are nervous about prolonging the buying process, which could mean in a higher interest rate in a six months from now. If they can buy now and avoid thousands of dollars in mortgage interest, they will save more money in the long run over the course of a thirty-year mortgage. Waiting until spring is going to limit the number of buyers who can afford to buy now.
As we move into the winter months, buyers who do not feel a sense of urgency to move will let the colder weather deter them from walking homes and going to open houses. Serious buyers are ready to make offers and are ready to buy now and move in immediately. List your house now and you can be on to the next chapter in your life by the holidays and in turn, you’ll pass your home on to the next deserving family.