ERA Network News: "Back to School Means Back to Business for Homebuyers"

By
Real Estate Agent with ERA Realty Center

"Who buys in the fall?"  "The Fall Selling Season" survey completed by ERA Real Estate shows that "The higher ratio goes to first-time homebuyers and childless couples" at 27%.  The rest of the pie is divided as follows with 20% being Move-up buyers, 17% Downsizing & Retiring Buyers, 14% investors, 11% Military relocations, 6% Vacation buyers and 5% other.

The article says, "Blame it on the traditional school year engraved in our minds since childhood, but many people see Labor Day as the beginning of a new year.  Summer holidays are over and everyone goes back to school or buckles down at work.  For homebuyers that are looking to move, they typically want to be settled into a new home before the holidays roll around.  Also, some people are driven by wanting tax credits in the calendar year."  I believe this is true.  Fall is a great time to buy and sell in my opinion.  In fact, I got my picture in the paper my first year in real estate in November as a top seller.  No one told me you couldn't sell, so I went right ahead and sold a lot of homes.

One homeowner asked me today if I thought now was a good time to sell his home.  It is my opinion that the best time to sell your home is when it is convenient.  There might be less buyers now than in the spring and summer, but there is also less competition with fewer homes for sale.  According to the article, "Fall buyers are highly motivated--so don't let them miss their window!"  You need one buyer, and there is no way to know when that buyer will come.  You may as well have your home on the market if you want to sell.

Call the Janet Naisbitt-Bagley team at ERA Realty Center at 435-865-1019 for consultation regarding price and showcasing your home.  Check out the competition at www.homesincedarcity.com.  You can also email naisbitt@infowest.com

For all your real estate needs, call the Naisbitt-Bagley team at 435-865-1019.  We love referrals!

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Janet Naisbitt-Bagley

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