What Does the Federal Government's Fiscal Year Have to Do with the Northern Virginia Real Estate Market?
In case you didn't realize, the Federal Government's fiscal year ends September 30th. That means a new fiscal year starts October 1st. Despite the constant talk about budget reductions on Capitol Hill, year after year federal employees have their pay increases on October 1st. New positions are created and filled, bringing new employees to the area.
You already know that spring is traditionally considered THE TIME to sell your Northern Virginia home, but you may want to consider the benefits of the fall market. The Northern Virginia real estate market sees increases in prices and closings near the end of the year. It's due in no small part to the Federal Government's fiscal year effects on our market. Consider these aspects of the fall market as well:
1. There is fewer competition. So it's less likely you'll have to lower your price to get a Buyer's attention.
2. Only serious Buyers are out near the end of the year. People that NEED to move.
In Northern Virginia, there is no bad time of year to sell your home. That's the benefit of living in the shadow of the federal government. If you've been thinking of selling, give the fall market a try. You will be pleasantly surprised.