For example, the real estate market is definitely at a peak during the spring and the summer.
However, going against this trend and listing your home in the fall can have some very real benefits:
#1 Buyers are more serious.
During the spring and summer, many buyers are more curious than committed.
On the other hand, buyers in the fall tend to be more serious.
That's because many have been searching throughout the summer and have not found their perfect home yet.
Other fall buyers are simply forced to look for a new home because of a new job, a work relocation, or because they want to get the move complete ahead of the holidays.
In other words, fall buyers make up in dedication what they might lack in numbers.
#2 There's less competition.
It's no secret that most homes are listed in the spring and summer.
However, those homes that are not sold by the end of the summer are often delisted. Otherwise, they start to draw less interest because of the time they've spent on the market.
That's why if you list in the fall, you can have the benefit of standing out, as well as facing less competition than during the "hotter" seasons.
#3 It's easier to move up.
If you're looking to buy a new home as well as sell your current home, then the fall offers perhaps the best opportunity.
You will enter the market with confidence and without stress, while many sellers who have been unsuccessful in selling their home during the summer will be more eager to sell.
This can make for very flexible negotiations that work in your favor.
If you are thinking of selling your home and want an idea of what it's worth in the current market, send me an note here for a current home value estimate.
And if you are also looking for a new home, check out some of the homes currently on the market:
Click here for all available Portland homes for sale
Finally, if you are considering selling this fall, there are a few things you'll need to do differently in order to be successful (for example, how you price your home and how you present it). If you want any guidance on this, give me a call at 503-453-6580. I'm here to help.