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Should you sell your home
in the Fall?
Pros and cons of selling in the fall
Advantages of selling a house in the fall
- Serious buyers are motivated to purchase quickly, before the busy holiday season and bad weather set in.
- The seasonal atmosphere makes your home feel warm and welcoming.
- It’s a misconception that the vast majority of buyers are shopping to fit their kids’ school year schedules. In fact, more than half of buyers don’t have kids under 18 at home, so the fall is as good a time as any.
- In early fall, it’s typically light enough to do weeknight showings, in addition to weekend open houses.
Challenges of selling a house in the fall
- The conventional wisdom states that since it’s an off-peak season, there are simply fewer buyers than there are in spring. That may be the case, but your serious intentional buyers are out in full force.
- Worsening weather can make showings difficult, and falling leaves make it hard to keep up with autumn curb appeal. The good news in Southern California is that we generally don't have too much weather to worry about.
- The 44 percent of buyers who do have kids generally prefer to be settled in a new home before the school year starts.
- Busy work and school schedules and holiday plans can make it hard to schedule showings.
The Federal Reserve is predicted to raise interest rates twice in the coming months that will cut into a buyer's purchasing power, so overall, now may be the best time for you to put your house on the market. If you are thinking about selling, call me and we can discuss your situation in more detail.
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Here are some local number's; home prices for June 2017-August 2018
vs. same period last year:
Glendale | + 9.1% |
Burbank | + 16.4% |
Toluca Lake | + 22.3% |
Pasadena | + 1.1% |
Studio City | + 14.3% |
Hollywood Hills | + 15.0% |
Valley Village | + 11.8% |
Sherman Oaks | + 4.4% |
Weekly mortgage rates:
30 yr. fixed rate 4.60
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15 yr. fixed rate 4.06
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5 yr. adjustable rate 3.93
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Call me if you would like home selling strategies that net top dollar!
Ana Connell 818-795-8474
For a Free Home Equity Checkup, click here!
Whitley Heights Charmer in Iconic Hollywood Neighborhood