Home Market Inventory
The number of houses and the available home inventory typically dips right after school starts. Meaning, the homes left on the market are positioned uniquely to sell quickly during the fall. Good news for those wanting to buy a home in the fall!
“With the limited homes on the market, the market inventory becomes a prime opportunity for home buyers,” said , Remax Advantage Plus. “Home buyers can capitalize on the homes listed.”
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Home Seller Motivation
Homes sellers who’ve listed in the fall are motivated to sell before the winter months. Additionally, buyers who have already seen the offerings on the market and have elected to pass for whatever reason are now eager for new home inventory. This is a perfect match to both sell and buy a home.
“Home buyers can take advantage of sellers who are making sure they have done all the DIY projects and home repairs necessary to have their home stand out in fall,” Hoylo said. Check out Family Handyman’s first time home buyer’s maintenance guide.
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Market Timing to Buy a Home
Home buyers have a pricing advantage to buy a home in the fall. As a result, home sellers are keenly aware of the other homes on the market in their neighborhood and surrounding communities. If there has been a slight drop in pricing, the home seller needs adjust the price of their home. This makes the consumer more likely to want to buy a home.
“For a fall home sale, seller’s need to price the home right with other homes on the market. This pricing is a big advantage for the home buyer,” Hoylo said. “The goal is to get the home sold as soon as possible to avoid staying on the market into the holidays–perfect for the fall home buyer.”
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