If you’re trying to move before the end of the year, now is the best time to grab an offer. There is no exact science to the age old question: when is the best time to buy or sell a home? But, in a recent Realtor.com article their proclaiming September 2015 looks to be the perfect storm to purchase the American dream.
According to Realtor.com’s article, “Is This September the Perfect Month to Buy a Home?” there are three specific reasons to their findings: supply, demand and low mortgage rates.
More homes on the market
Normally inventory peaks in August, however this year inventory has been growing all spring and summer, so “there will be more choices in September than any other month in 2015” explains Realtor.com giving buyers the opportunity to find the home that they need. Apparently, buyers have been “holding back” on making a purchase because they haven’t found their perfect home since new and existing homes have been scarce all year. Watch our latest video on this topic.
Less competition among buyers
While supply goes up, demand is on the decline, there will be less competition among buyers and with less buyers out looking at homes price will also drop. The four seasons play a major role in the home market, people usually want to move when it’s convenient for their kids school year or when it’s nice out. Who wants to move their belongings during the winter with bad weather? It’s reasoning like this that have buyers usually waiting out the market. The article suggests, “signing a contract in September will likely mean you could close before Thanksgiving,” avoiding the threat of major snow fall.
Appealing mortgage rates
Lower mortgage rates are also making buying this September more appealing. Thirty-year fixed rate has been hovering around 4% the lowest since June, however that rate isn’t expected to last by year’s end.
Why pay more later when you can pay less today? Realtor.com’s article explains, “signing a contract to buy a home soon would enable buyers to lock in today’s lower rates before they start their long-awaited ascent.”
So, if you’re a seller why not take advantage of this perfect storm and get your home sold before the end of the year? Use our FREE home staging advice to get your home prepared for sale and get the most return on your investment. Sign up for our FREE 3-part home staging video series, where you’ll learn:
- How to Emotionally Disconnect from YOUR BELOVED HOME & Put Your Potential Buyer First
- How to Assess a Room to Get Your House on the Market
- How to Build a Winning Team that Gets You to the Closing Table
Let me help you move on with your life, leave a comment below if you’re thinking about moving before the end of the year and tell me what is troubling you in your home.
Happy Selling,
