Belief in the "Fall Market"

By
Real Estate Agent 0784753

I get this question from sellers and buyers a lot.  I ask myself and fellow agents as well.  Rather then bore readers with market facts, which I have a tendency to do, I will give more subjective insight here.  If you are reading this, you are likely real estate savvy enough to know that most ideal time to market a home for sale is March-June.  However, there are many advantages for putting your home on the market in the fall.  

1.) Low Inventory - generally speaking, you will have a lot less competition at whatever price point you may fall into.  For the homes that are below the $2,000,000 mark in New Canaan, Darien, Greenwich and Westport this is especially ideal.  

2.) A longer runway for Luxury Properties - In the higher end above $3,500,000, there is a slower absorption rate and it can take 120 or more to lock down a deal.  

3.) The holidays - I generally recommend taking a break during Thanksgiving and Christmas if the house has not sold.  However, its also a time where buyers are looking around at their current home and thinking "where am I going to put everyone?"and "This house is too small to have a party".  I have witnessed one too many clients fall in love with a home on where the Christmas tree will look perfect.  

4.) Not an accountant, but if you want to get it done before year end! 

5.) Movers tend to be more available and negotiable.

Client First, Always!  

Nicole Steel

www.nicolesteel.com

Comments (2)

David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Nicole, we have already seen an uptick in home showings for the first two weeks of September here in Fairfield County.

Sep 18, 2013 11:41 PM
Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information
Howdy and morning Nicole
 
Welcome to the ActiveRain Real Estate blogging community! You'll sure find a lot of mighty fine folks here in the community to get to know. I'm one of the many ActiveRain community members which are an ActiveRain Ambassador.
 
If you should ever have any questions about how to do anything or about the rules of the ActiveRain community, please feel free to contact me either by sending me a e-mail or by giving me a call, I'll sure be mighty glad to give you a helping hand. If for some reason I don't know the answer to a question which you might have, I'll sure will find out the answer and get back to you with the right answer.
 
Take the time to look at the different groups within the community, pick some different groups to join, post your blog posts in them, be sure to take the time to read the posting guidelines of each group you might want to join, folks sure will want to follow them. Members can join as many or as few of the different groups within the community as they would like to. Members are able to post their blog posts in 5 different groups at a time.
 
Keep up your mighty fine job of posting! I'll be looking forward to seeing even more blog posts written and posted by you, plus seeing you join some of the mighty fine groups in the AR community.
 
Happiness sure is Homemade 
Have a good one
Dale in New Hampshire
Sep 19, 2013 12:23 AM