5 Reasons to Sell This Fall

Real Estate Agent with Berkshire Hathaway Maui Properties
Below are 5 compelling reasons listing your home for sale this fall makes sense.
1. Demand Is Strong
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase…and are in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing inventory is still under the 6-month supply that is needed for a normal market. This means that in the majority of the country, there are not enough homes for sale to satisfy the number of buyers.
Historically, a homeowner would stay an average of six years in his or her home. Since 2011, that number has hovered between nine and ten years. There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.
Many homeowners were reluctant to list their homes over the last couple years, for fear that they would not find a home to move to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you decide to sell.
3. The Process Will Be Quicker
Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and simpler, as buyers know exactly what they can afford before shopping for a home. According to Ellie Mae’s latest Origination Insights Report, the time needed to close a loan is 43 days.
4. There Will Never Be a Better Time to Move Up
If your next move will be into a premium or luxury home, now is the time to move up. There is currently ample inventory for sale at higher price ranges. This means if you’re planning on selling a starter or trade-up home and moving into your dream home, you’ll be able to do that in the luxury or premium market.
According to CoreLogic, prices are projected to appreciate by 5.2% over the next year. If you’re moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage) if you wait.
5. It’s Time to Move on with Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.
That is what is truly important. #Home #You #YourMauiHome #Knowledge #Experience #LetsTalk

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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hello Zee - your 5 reasons to sell in the fall are compelling. Is Maui real estate affected by the seasons as much as other areas? I think the "nesting" instinct kicks in this time of year and people want to be settled before Thanksgiving--true in San Francisco and the Silicon Valley, at least.

Welcome to Active Rain--I hope you enjoy it here and continue to post. If I can ever answer questions about the platform for you, please feel free to reach out.

Sep 03, 2019 12:28 PM #1
Zee Mahan
Berkshire Hathaway Maui Properties - Lahaina, HI
Get your own piece of Maui paradise...

Hello Lottie

On Maui season is reversed to what you know in the Bay Area. Holidays are the high season here. Anytime people travel to Hawaii... Holidays happen to be one of our bussiest and also a whale season. :-) Our market is very different from the rest of the country and has may very wealthy second home owner buyer group especially from California coast which is the closest to us. If you have any clients considering Hawaii let me know. I would be happy to pay referral fee. Mahalo for offering help with this platform. I really appreciate it.

Sep 06, 2019 02:44 PM #2
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