If you're sitting on your porch in Louisville, you may be enjoying today's 70° weather, but fall is coming, then the winter. If you would like to sell your home and move to a new one, you may lament that the time to do it for this year may have passed. After all, real estate season traditionally winds down when kids go back to school, right? Wrong. Homes can actually sell in any season.
Traditionally, there may be more people looking in the spring and summer, but there is always traffic from people who are transferred into a great city like Louisville and from other serious buyers who want to make a change. This year, with mortgage rates as low as 3.8% on 15 year loans for people with good credit and housing prices low, the stage is set for heavier traffic than usual.
Often, once school starts, you may be reluctant to move since a new home or new neighborhood will disrupt the school year for your kids. Ironically, children not only adjust to new circumstances (often more easily than adults), but may actually receive more help in from teachers when they enter the class midyear.
As the fall moves toward winter and the holiday, you may decide to postpone moving so as not to disrupt your holiday routine. While overwhelming decorations might turn off buyers, low key decorations actually give your home a welcoming atmosphere. Motivated buyers may actually plan their house hunting around times of the year when they have extra days off or lighter days at work.
In reality, having your home priced right is one thing that will help it sell no matter what season or time of year it is. When your real estate agent offers you direction on how to price, listen up. The pricing advice will be based on comparable values in the neighborhood and on the condition of your home,. Area statistics are showing that homes are selling for about 93% of their asking price in the part of St. Matthews near Clifton and Crescent Hill, vs. 96% in the part near Anchorage and Douglas Hills. If you base your pricing expectations on what you see on line for the whole area of St. Matthews, you may be surprised. Keep this in mind - youu may not get the same price you would have a couple years ago, but when you go to buy, you will find much more house for the same price.
The other important factor is demand in the neighborhood. Currently, nationwide, homes in higher price brackets are staying on the market longer than lower prices homes, but than many other factors come into place. In sections of Downtown and Old Louisville, home prices have an average price of $90,650 and a median price of only $45,375, but homes on are the market an average of 144 days. In the Butchertown/ Highland/ Germantown area, prices average $179,727, have a median price of $161,261, and sell within 55 days. The numbers do not mean that you should hold off making a move, but you should chat with your agent for a deeper understanding of what the statistics mean.
If you want to sell your home now, don't hesitate. A perfect buyer could be waiting for you. Homes can sell in any season, and this could be your time.
For some insight into how your home might sell, call Younger Group Real Estate! We know Louisville!! Our team will be there every step of the way.
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