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Fall Is A Great Time To Buy or Sell A Home In Orange County

By
Real Estate Agent with The Ron Buck Group BRE# 01364665

Fall is a great time to buy or sell a home in Orange County California.

Homes sell year around, especially in the OC. My clients in Laguna Niguel, Dana Point, Aliso Viejo and Mission Viejo often ask me, "What is the best time to list or buy a home?" We have the good fortune in south Orange County CA of having beautiful weather year around. There is never a bad time to list. Oddly the slowest month of the year in my opinion is August.   Families often want to purchase and be moved, settled in and get in a vacation  before school starts in late August. This leads to a slump in August. The second best time to list is the FALLClick HERE for homes in Laguna Niguel for homes in Laguna Niguel and Dana Point.

Laguna Niguel State Park

Why is FALL a good time to list? After all, now that the time has changed you are thinking about the holidays. For three reasons at least, fall is a great time. Many home sellers that listed their homes at unrealistic prices are now taking their homes off the market which reduces inventory. In addition there are many relocation buyers that come out in the fall and try to find a home because they are starting a new job right after the new year. Thirdly the interest rates are still fantastic which helps buyers qualify for more. If the interest rates go up 1% the buyers will need to buy a home at 10% less to keep their payments the same. Depending on the state of the economy, higher interest rates could cause prices to drop a bit.

Listing inventory has its lowest point at New Years Day and begins to seriously build right after the Super Bowl. Listing inventory builds throughout the spring and summer and then begins to tail off through the fall. Homes newly listed in the fall get a lot of buyer attention because as our fall weather begins to cool off buyers are coming out to open houses in greater numbers and they are looking for new inventory. A home properly staged and priced right is a hot commodity in the fall.

Ron Buck, Keller Williams Realty bre#01364665

949-456-0505 www.RonBuckGroup.com

Comments (1)

David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Ron,
Orange County is blessed with wonderful year round weather and so many people coming and going that you do enjoy sales year round.

Nov 02, 2015 09:14 PM