Why is fall a great time to sell your Knoxville home? It’s simple. The autumn months create three basic reasons for making it an optimum time to sell:
Less Competition
Since summer is peak season for real estate you will be able to capitalize on having less competition. When inventory is low, two things happen; it becomes a seller’s market, and buyer’s take less time debating writing an offer due to fear of loss. When fewer homes sit on the market for shorter periods of time it creates a sense of urgency for the buyer. The fear that, “If I don’t act now I could lose it.” This is an ideal situation for sellers because that normally equals fewer showings and a quicker list to close timeline.
Pressure to Move Before The Holidays
Most people do not want to be packing, moving or preparing their home for a showing during the holidays. This means there is an increased pressure to buy a home and move in before the holidays. Most families dream of having those picture book dinners around the family table, what better way to celebrate the new year than in a new home! Because of this heightened pressure, people are anxious to find their dream home and close before Thanksgiving. Furthermore, families are more likely to opt for quicker days to close and focus less on negotiating price.
Motivated Buyers
People who are house hunting now are serious buyers. Either they have been looking for something for a while and are even more anxious to find their new home, or they are feeling that holiday and seasonal pressure to be in their new home. Again, people don’t choose to move during the cold winter months, so if they are shopping now- they are anxious and serious about making the leap into home ownership or the purchase of a new home.
