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The Top 6 Reasons to Sell This Fall

By
Real Estate Agent with Samson Properties VA 0225-059831, MD 646410

Top 6 Reasons to Sell Your Northern Virginia Home This Fall

Copyright (c) 2015, The Gold Homes Team LLC.

 

1.     Your home will stand out more in the less crowded fall market.

Although the fall and winter months are slower this is offset by three facts:

  • Many incoming relocations in to the Northern Virginia market are driven by military or government job location changes whose scheduling is more independent of seasons.
  • Some of the buyers shopping now need to shop now and can’t wait six months.
  • Certain buyers delay shopping until now to enjoy a more relaxed home shopping market.

2.     The long-delayed interest rate increase is as certain as the first chill of winter. The rate increase will chill the 2016 market.

Higher rates mean each buyer can qualify to borrow just a little bit less for the same monthly payment.  As a result demand across all price levels involving borrowed money is reduced.  The sellers who have to sell inevitable respond by reducing their asking prices, driving the overall market down.  Both buyers and sellers get less!

3.     Buyers are eager to act before rates increase and before the crowd arrives in Spring.

Buyers who delay will either not be able to afford a house at all, or be able only to afford a less desirable one than those who act now.  In addition the home shopping environment is less crowded now than it is expected to be in the spring.

4.     Handle the Tax Issues this year instead of later – Congress is not known for improving taxes on homeowners.

No man’s pocketbook is safe while the legislature is in session.  There have been proposals to further limit the deductibility of home mortgage interest.  Buying before January 1 locks the deductible parts of the home purchase transaction into the ending tax year instead of the just beginning one.                                                                                                                                             

5.     This is the best time for a no hassle move.

All kinds of skilled service providers – from Appraisors, to Inspectors, to Contractors, to Agents, to Lenders – are most available and responsive this time of year.   During the seasonal slowdown all these service providers are eager to work and provide great services.                                                                                           

6.     Politically active buyers (naturally a larger part of the market in this area) will become increasingly distracted as the 2016 Election Year progresses.

Presidential Election years are rarely the best years for real estate.

 

The Gold Homes Team specializes in residential real estate in Northern Virginia and Maryland. 

Get a free instant valuation of your home at priceofmyhome.com.

Posted by

The Gold Homes Team, LLC. MBA, MSE, MA, CDPE, Associate Broker VA, MD, FL

goldhomesteam.com   va-probate.com

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