Tuesday, September 1, 2015

Is Fall the time to buy (and sell)?

Many think spring is the "best" time to transact real estate.   And while spring isn't a bad time, I favor fall for a variety of reasons.  First off, I love an under dog.  Poor maligned fall :)



Both buyers and sellers in the fall market are ready to get down to business,and get it done.  Fall is not a looky loo, real estate as entertainment time of the year. Fall is about efficiency.  Owner occupants or investors; most everyone wants to get it done by the holidays, or the end of the calendar year.

Sellers who did not get their property sold in the busier spring, are often ready to get down to business and may make repairs and concessions they might not have agreed to earlier in the year.

There tend to be fewer buyers in the fall market as many are busy with back to school activities, and even schooling of their own.  So buyers can have more choices in the fall.

Our listing inventory bumped up in the late summer, and I expect we'll see that true for September and October.

AND, interest rates remain reasonable low, even though the financial markets are acting as if the Fed has already raised them sky high.

So, ready and willing sellers, fewer buyers, more houses, and lower interest rates.  What's not to like?

And sellers, don't worry that you missed the mythical busy season.  You don't need, or want 21 offers on your property.  You'll probably still get a few offers, keeping things competitive.  And really, you only need one good offer.

Call, email or text with questions about the fall market. 503-312-8038  leslievjones@gmail.com

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