Buying or Selling Your Hamilton Home in the Fall

6 Reasons for Buying or Selling Your Hamilton Home in the Fall

Friday Nov 30th, 2018

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Silver medal. Runner-up. Fall. These are all considered to be the second choice, but there are so many benefits to buying or selling a home in Hamilton in fall that I can’t help but push back on any thoughts that the season should be dismissed as subpar. After all, vanilla is the top-selling brand of ice cream, but does that make it better than other frozen treats? I think not! Consider these six reasons to buy or sell this fall.

Reasons to Sell Your Home in the Fall

 

  • Spring may have higher demand, but it also comes with higher inventory. Your home listing in the fall can mean less “competition​” for you and possibly a better offer depending upon your market's situation at the time. Make sure you have done a great job of addressing curb appeal, staging, and cleaning to help your home really shine.
  • Buyers who are shopping for a new home in the fall or even in the winter usually have a strong reason to do so. Their motivations could include a recent job transfer, a desire to have their kids in a new school prior to mid-year breaks (or, if it’s early enough in the season, before school starts), or wanting to celebrate the holidays in a new space.
  • With more families wanting and needing multi-generational living spaces (think of the sandwich generation with both teens and aging parents sharing a home), the search for a home could be a longer process, pushing the process beyond spring’s peak.

Reasons to Buy Your Home in the Fall

 
  • Sellers who keep their listings active in the fall usually have a motivating factor behind their decision, which can benefit you. Because they likely have less showings, they may be more open to accepting your offer.
  • Buying a home in the fall has several time-sensitive benefits. Your first mortgage payment won’t likely hit until the new year, and you may be able to celebrate the winter holidays in your new space. 
  • In an analysis of over 30 million home sales spanning 15 years, RealtyTrac(r), found that home buyers who purchased in October paid nearly 3% less than in other months. You can also get into your new home right in time for the end-of-year sales on appliances and electronics - bonus!
 

If summer was for home repairs and vacations and you are now ready to buy or sell, give me a call for a market analysis and information to get moving this fall!


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