1. BUYERS ARE SERIOUS
Buyers are willing to purchase now and personalize a house to their taste before the start of the next rental season. These buyers are willing to carry the mortgage costs and other expenses until they begin collecting rental income in the spring. A Fall buyer is a prepared buyer.
2. AVAILABILITY
After the season, homes offer more availability for showings and are not just limited to the rental turnover window. Buyers can see more homes, there are no summer traffic snarls, and homes still look fresh from the summer season.
3. WEATHER
The Outer Banks is beautiful in the fall months and the temperatures stay comfortable often into December. There are several long weekends that a buyer can plan an affordable trip to the beach and focus on selecting a property and the buying process.
4. AVOID MAINTENANCE
Sellers who successfully sell their home at the end of the season can usually avoid the necessary annual maintenance and winterizing expenses. For the DIY seller, a timely sale can save them the time, effort and the costs associated with a trip to the beach.
5. UNCLE SAM
With some buyers, there could be a tax advantage to purchase and close on an investment property before the end of the year. Place your home on the market now to attract a motivated buyer.
6. INVENTORY
Yes, inventory is guaranteed to increase in the fall but not as much as it does during the spring market. Simply put, the fall market offers less competition. Homes in good condition that are priced for this market will sell. The average days on market (DOM) in 2019 for a single-family home is 120 days. The median is 67 DOM.
7. RENTAL INCOME
In a perfect world, a seller will collect the entire rental income from the season and sell their home as the last guest checks out. It’s not just a daydream, it can truly happen. Your Beach Realty agent will develop a marketing strategy that addresses all of your concerns and goals.