So it’s time to sell your house, but you aren’t sure when is the best time to do it. Some sellers are tied to a set schedule for a new job or other reasons, but if you have a flexible timeline, you may be wondering if fall is going to work for you. Spring is generally considered to be the busiest time of year for home sales, but that doesn’t mean it’s the only time to successfully sell your home. There are some reasons why fall — a season when there are typically fewer homes on the market — is a beneficial time to put up that for sale sign.
Higher Sale Prices
Professional real estate agents will tell you that buyer demand tends to wane after the spring and summer as people settle into the routine of work and school. That makes fall a time when there are fewer buyers but it could also mean fewer sellers, and those homes that do sell during fall could bring in higher prices. In fact, according to HomeLight’s nationwide price trend data, October and November sales bring in higher prices as compared to other months in the year, at 2.32% and 2.42% higher than average. If you are trying to get more for your home (and who isn’t) then fall can be an ideal time to sell.
Buyers are Ready to Act
Fall is a time when buyers are serious. If they have to move, chances are they are hoping to get it done before the full swing of winter and the busy holiday season. These buyers are more likely to want to find and move into their new home quickly, and that can be good news for you if you also want to sell quickly. HomeLight data shows that fall comes just behind summer in terms of selling a home fast. Professional real estate agents shared with HomeLight that homes spend approximately between 2.03 and 3.3 fewer days than average on the market in the fall than during other times of year.
When you are selling your home you’ll hear a term called “curb appeal.” This is how the outside of your home appears to buyers; taking advantage of fall foliage can be one approach to improving your curb appeal. You can make fall foliage work for you by having shrubs and trees trimmed so that turning leaves can be an asset rather than a cover up on your home. Taking photos with fall colors from trees at the front of your home can also be a strong marketing strategy. You can also add extra potted plants to improve the scene.
Some realtors might tell you that fall is a quiet time to sell a home, and while that can be true, fall can also be an ideal time to sell your home quickly and maybe even bring in more in the end. Your first step is to hire a realtor who can guide you through the process.