There was a time when realtors used to say, “wait to sell your home until the flowers start blooming.” However, things have changed, and now the fall is equally good to put your house for sale.
Determining the “right” time to sell your home can be perplexing, as everyone wants a fair price for their assets. In fact, property prices in Florida have risen 30.5% in the past year. There are several reasons why this could be an excellent time to sell your house for a quick cash offer.
However, selling a home isn’t always easy, but if you’re considering doing so, here are some factors you cannot overlook. In this post, you’ll find some solid reasons why it’s a good time to sell now and how to do it without wasting time.
Why is Late Summer or Autumn a Good Time for House Sellers?
Late summer hasn’t always been a good time for house sellers, but things have changed, and people selling their houses during this period enjoy plenty of benefits. Moreover, the strong housing market in Sunshine City has given a boost to real estate transactions, making it the right time for sellers to close the deal.
Below are some reasons why you should consider selling your home now:
Holiday Season Sees Better Home Sale
Holidays aren’t very far, and people looking to purchase a home tend to be more active during the holiday season. People want to be in their new homes before the holidays begin. As per Investopedia, holidays are a good time for house sellers, and they can expect a better deal than selling their property during other months.
The real estate market in Florida gets flooded with listings ahead of the holiday season, making it difficult to attract buyers willing to pay higher prices for a house.
As the holiday season arrives, the competition heats up, allowing buyers to take their time, compare prices, and negotiate the best deal, giving them a better chance of buying a home at a lower cost.
If you want to sell your house fast at a higher market value, don’t wait any longer; now is the time to do it.
Did You Know:
An average Florida home sold during the holiday season stays on the market for 51 days, four days faster than the average year-round. With 3 Step Home Buyer, property owners can sell homes 7.8x faster than the national average, which is as little as seven days.
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Home Buyer Demand is Back
The housing market across the US encountered a steep drop when COVID-19 spurred many states. However, with the state and federal restrictions loosening up, home buyers are out with a vengeance, and most want to make up for the lost time.
In contrast, Florida was solid during the pandemic, with people leaving the northern cities such as New York, which was heavily impacted by COVID and moving to the sunshine state.
Florida accounted for 21% of all international home sales between April 2020 and March 2021. This has been a top spot for 13 years straight.
With the economic situation returning to normal, there is a huge demand for properties. It’s no surprise that Florida is among the top US housing markets for 2022.
Seller’s Market is Now in Full Swing, But That May Not Last Long
It has been a seller’s market in Florida for some time, and with rising interest rates, that could end. Although supply, in general, remains low, Florida is already experiencing fewer sales from 2022 to 2021 (single-family homes sold in March 2022 are 30,793 or 6.2% less than in 2021, and condo sales are down 11.4%).
During COVID, many people were looking for more space and rooms to work from home. However, some remote workers who flocked to Florida during COVID are now being asked to return to their offices. Leaders like Elon Musk require workers to be present in their central offices and locations. This trend reversal and rising interest rates could well impact the Florida market.
It is still unknown what state the recession will impact the most, but you can expect to see the market slowing down over time.
This makes it the right time for sellers to list their house for sale or, better still, lock in a cash deal because there’s stability in the housing market, which may land you a good deal if you sell it now.
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Mortgage Rates are Climbing Up the Chart
In June, the average rate on a 15-year fixed-rate mortgage rose to 4.81 percent from 4.38 percent. And experts anticipate these rates to increase further in the coming months.
The increasing mortgage rates may slow the real estate or housing market, making it difficult for buyers to afford homes.
In a nutshell, the fall is an excellent time to sell your property before the rates rise further and the market sees a shortage of interested home buyers.
Pre-approved home buyers can take 45 to 60 days to obtain financing and close escrow. As a result, those who need to sell fast should consider offering their houses for cash. An “all-cash” transaction can be completed within a week.
You Want to Relocate
Do you want to downsize your house? Or are you looking for a bigger apartment? If you nodded with a yes, it’s time to sell your current home and look for a new one. Since more sellers are listing their properties for sale, chances are you’ll find a good home that suits your needs.
Besides getting a suitable buyer for your current house, you will find a fantastic deal on the new home you have been looking for. So, it’s a win-win for you.
Ready to Sell Your Home? Get the Best Deal With 3 Step Home Buyer!
The fall is an excellent time to sell your home for a great price. However, you need to find the right buyer to get the best return on investment.
While listing your house for sale by owner or through a multiple listing service (MLS) is an effective strategy, they are extremely slow in attracting potential buyers when you want to sell your home fast for cash. In addition, FSBO property sales can also incur additional costs, such as listing broker fees, closing costs, and other expenses.
If you want to sell your house fast with no commission or closing costs, consider using 3 Step Home Buyer. At 3 Step Home Buyer, we help you find the perfect buyer within a day and help you get the cash within a week. We buy houses in any condition and at any stage.
Selling your home to us doesn’t require a real estate agent and much paperwork, eliminating the additional costs you otherwise must bear. We provide complete services hassle-free so that you don’t have to worry about anything.
Call us at (954) 945-7222 to get a quick offer and sell your home fast for cash.