You can’t help but notice, as you make your daily commute homeward, that “For Sale” signs seem to be the latest lawn ornament in your neighborhood. What’s going on that you don’t know about? Should you be selling your home this fall too?
While it’s highly improbable that a mass exodus is happening in your community, the sudden increase of houses for sale on the market can make it feel that way. Your neighbors understand some important facts about the Nebraska housing market and since Trustworthy Title works daily to help people who are buying and selling homes, we can vouch for the truth of what we’re about to tell you from our own experience.
Spring is considered by many to be the ideal time for selling a home because this allows time for the process to be completed at the end of the school year and for families to spend the summer relocating, unpacking, learning their way around their new hometown, and getting the kids registered for and ready to begin school.
With that being said, the housing market typically stays strong through the summer and fall months, especially in Midwestern and northern states.
Advantages to Selling a Home in the Fall
Summertime is a busy time and most people are busy with vacations, keeping the kids entertained, and just enjoying outdoor time with their friends and family. That means they may not be willing to take the time to look for new homes or attempt to get financing in order. They also may not want to make a move during the hottest months of the year.
Once fall rolls around, a lot of people are ready to ‘get back to business’ and that ‘business’ may include finally making a move. This is even more likely with those who don’t have kids or whose kids have moved out of the house as they don’t have to worry about switching schools for kids mid-school year. Of course, many families are looking for homes within the same school district so they don’t mind moving during the school year as it won’t have an affect on where their children attend.
Fall also has the advantage of milder temperatures, encouraging people to get out and attend open houses or view homes for sale. Moving during the cooler months is also more appealing that trying to do so in the sweltering heat.
Pro Tip: The market varies widely depending on the economic health of the nation, the climate of the region in which you are selling, and the population growth (or decline) of your city. Your best bet is to get in touch with a local real estate expert, one who has a wealth of knowledge of the current and imminent developments in your area. A skillful agent can help you strategize the best time to list your home, based upon your unique circumstances and needs.
Challenges of Selling a Home in the Fall
You may have a tough time making your home appealing to those who have kids and are looking to move out of their current school district as most families don’t want to relocate their kids mid-year.
Another challenge of this season is that some buyers may be worried about bad weather hitting early and impeding their move. This is Nebraska, after all, and we’ve experienced plenty of blizzards in mid to late fall.
Finally, the dropping temps and shorter days may keep people closer to home, ready to hunker down for the winter. This might mean they decide to hold off on their house-hunting until the weather once again warms up next spring.
A Friend in the Business
As you are preparing to sell your home, the friendly professionals at Trustworthy Title are ready and eager to help you move successfully and painlessly through the process. Give them a call with any of your title needs as they are always happy to answer questions.