Let the Fall Buying, Selling Season Begin

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Let the Fall Buying, Selling Season Begin

DAILY REAL ESTATE NEWS | FRIDAY, SEPTEMBER 28, 2012

The fall housing market isn’t known for being as robust as the spring market, but there are different motivations that tend to attract consumers during this season, experts say. 

"We've observed in seasonal household buyer patterns that there is a higher ratio of first-time buyers and childless couples in the fall," says Walter Molony, economic issues media manager at the National Association of REALTORS®. "Families with children time their purchase based on school-year considerations, so they peak in the spring and summer.”

According to a recent ERA Real Estate survey, based on 30,000 of its broker and agents, about 20 percent of buyers are emotionally driven in the fall to purchase a house so that they can be in a new home by the holidays. Ten percent are motivated by tax benefits. 

Sellers in the fall tend to be highly motivated too and face less competition with smaller inventories, says Shaun White, vice president for corporate communications for RE/MAX LLC in Denver, Colo.

"Some sellers will opt to lower their price in the fall because they're afraid of missing the boat and being stuck trying to sell during the holidays," says White. "Buyer traffic drops in the fall, too, so buyers may have less competition as well as better prices. You find motivated sellers and motivated buyers in the fall, especially as you get closer to the holidays.”   Read More >

To search an entire database of homes for sale in real-time with photos, descriptions, and community information, visit my website: www.premiermarylandhomes.com



Rick Reed, G.R.I., CDPE- Certified Distressed Property Expert 

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This post has been included in Maryland Real Estate News Montgomery County, MD Real Estate News
Post is included in group: Maryland Real Estate and Mortgage Group
Post is included in group: Realtors®

1 Comments on Buying and Selling During the Autumn Season...It Happens!

OCT
02
945,762 Points 8 Featured Posts Outside Blog Called Shot Master

Interesing...in my secondary home area, the Fall Market is often busiest with sales.   Buyers may have viewed in late Spring/Summer, but they often wait till Fall to offer.   Maybe it's the secondary home marketplace pattern?
10:41am • #1


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