Conventional wisdom has it that the optimal time to sell a home is in the springtime or early summer. But did you know the home market can still earn top dollar for your home in the fall? Here's why fall is the perfect time to sell:
1. A Slower Market
By listing your home in autumn, you'll have less competition. You can also get a feel for the right target price for your home by comparing nearby listings for similar properties in order to better entice prospective buyers.
2. Longer Listing Periods
If you've got an older home that needs plenty of TLC, you'll need to take advantage of all the tricks in the book in order to sell your property at a good price. By listing your home during the fall, you'll have a longer window to attract potential buyers. This will give you time to fix up any major issues and make cosmetic adjustments so your home will look its best.
3. Savouring Your Summer
While all your competitors are sweating through the hot months hoping for a buyer, you can relax and enjoy your summer vacation. When they're worn out from repeated showings, you'll be rested and refreshed when it comes time to put your home on the market. Not to mention, as a bonus, your friends and family will be much more eager to help you pack up your belongings and move in the autumn!
4. Better Timing for New Builds
If you're considering a new home build and have an eye on upgrading to a new Regina neighbourhood with plenty of amenities (including walking trails, recreation centres, schools, and shopping facilities), fall is definitely a great time.
If you opt to begin a new build in the fall, the build process will give you just the right amount of time to get your things together, sell your old home, and move into your new house by early spring. By listing your old home in the fall (when you close on the new house), you'll maximize your listing period and chances of achieving your target sale price.
5. Classic Curb Appeal
Even if you've managed to keep your lawn well-watered during the summer, there's just something magical about the way a home looks during the autumn. Trees changing colours, a fresh crispness in the air, and a return to productive work make buyers more serious and focused when it comes time to evaluate homes.
Here a few simple steps to boost your curb appeal:
Stay on top of fall maintenance (rake up leaves, clear any debris etc).
Clean your windows until they sparkle.
Trim branches or bushes that block sunlight from coming into your home.
Showcase autumn flowers like marigolds and chrysanthemums that continue to bloom throughout the season. Accent them with harvest vegetables like squash and pumpkins.
If you have a fireplace, get a fire going. Nothing makes a home feel cozier than a fire!
And when you're showing your house:
• Bake some goodies like pumpkin spiced cupcakes.
• Simmer some hot apple cider on the stove.
• Place a tray of cinnamon sticks and cloves out on the counter.
• Fill bowls with crisp, red apples or other fall-themed décor.
Do everything you can to show prospective home buyers exactly how much they'll love snuggling up inside your home during Regina's colder months.
6. Holiday Buyers are Not Unheard of
It's also not uncommon for buyers to look for a home near the holidays. When you list your home in October, you'll get it out in front of passers-by, real estate agents, and online listing companies so that prospective home buyers see your home first.
With the turnaround time needed for closing, legal paperwork, and dealing with banks, autumn is the best time for home buyers who have their hearts set on moving into a new home by Christmas.
Although most real estate professionals will tell you that spring and early summer is the best time to list your home for sale, savvy homeowners know there are a number of distinct advantages to selling their property during autumn. By taking advantage of the weather and the slower market, you'll have a much better chance of selling your home for a good price.