Many would-be sellers believe that the warmer months are the best time to list and get top dollar. While this may be true, fall is shaping up to be one of the Triangle’s busiest real estate seasons yet—and you could end up selling your home for more money than you might expect.
Still on the fence about moving right now? Here’s why selling your home this fall could be your best move yet.
The Hidden Perks of Selling This Fall
After a year of ups and downs, the Triangle’s competitive real estate market is heating up again. More and more buyers have resumed their search for the perfect place, and many are willing to pay top dollar to secure a home before the holiday season.
As a seller, you’ll reap the benefits of increased competition amongst buyers, skyrocketing prices, and dwindling inventory. Check out these amazing perks of selling during fall and let us know when you’re ready to list!
Buyers are actively in the market
According to a recent report by ShowingTime, buyer traffic has jumped by 60.7% compared to this time last year. This is a clear sign that many home seekers are ready and willing to make a purchase—and some may even be willing to enter a bidding war to secure their perfect place.
Now is the time to take advantage of high buyer activity. By listing during fall, you can sell your house with more favorable terms, as well as few contingencies.
There are not enough homes for sale
As more and more buyers enter the market, inventory in the Triangle continues to drop. In fact, the National Association of Realtors (NAR) recently announced that there were only 1.49 million units available for sale across the nation. That’s 18.6% fewer homes compared to last year.
Due to the ongoing health crisis, potential sellers remain reluctant to list their homes. However, inventory is expected to increase as the economy continues to recover. That means you shouldn’t wait to list your home, especially if you want to stand out to buyers.
The process is going quickly
Today’s cutthroat market has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage. This makes the entire selling process quicker, easier, and more straightforward. The average time required to close on a loan has even decreased to just 49 days!
There may never be a more important time to move
For the last six months, we’ve all spent more time at home than ever before. If you’ve realized that your current home just doesn’t work for your needs anymore, it may be time to finally make an upgrade.
Whether you’re longing for additional space or an open concept floorplan, you’ll be able to find just what you’re looking for in today’s market. Builders are also starting to resume construction once again, so you can even craft a custom home from the ground up.
Thinking About Selling This Fall?
Selling your home doesn’t have to be a challenge! Contact Linda Craft & Team at 919-235-0007 to get a head start on the process. We’d be happy to lend you our 350+ years of experience—and we can even help you buy your next home, too!