Fall Home Sales
As thoughts turn to the holidays, college football, and leaves accumulating in the yard, your family may be wondering if now is time to sell your home. You may recieve a lot of advice, recommending that you wait until Spring. Job relocations, financial concerns, or other circumstances may prevent you from waiting to list your house. Since you are considering putting your home on the market now, take a look at the viability of selling your house during the fall.
One of the most practical reason to sell your house is directly linked to the volume of actual homes on the market. Even during the fall months, there are many times more buyers then inventory of actual homes for sale. If you can do a good job of staging the home, pricing, and use superior marketing tactics, it is not uncommon to receive multiple offers. You may even have some anxious buyers offering above the asking price. When there are not enough homes for sale, the seller is nearly always in a favorable position.
Millennials are finally finding their way into the market. This is excellent news for anyone wanting to list during the Fall months. With population estimates of around 80 million, Millennials are the fastest growing generation of consumers in the United States. As the next decade approaches, this group of buyers are not to be written off as renters anymore. Attracting a Millennia buyer means your home must marketed as move-in ready and a great place for social gatherings.
Interest rates on home loans continue to be low. However, there are several indicators that they may over the next year. Many Americans have been staying put in their current homes and accumulating equity in an uncertain economy. With the financial picture looking up, many are looking to make a move while interest rates remain low. Even though the oil boom in the state has slowed a little, the South Dakota real estate market is still holding up. A year ago, home sales were growing by about 2% during each month of the trending, warmer months. The unemployment rate in our state is under 4%, compared to the national average of 6.4%.
In Rapid City, sellers have been receiving 99.18% of their listing price. This is another great reason to sell your home this Fall. For many years, Farmer’s Insurance has ranked Rapid City high for “most secure places to live.” We expect this trend to continue. Simply put, Fall is a great time to sell your home. The winter has not set in yet, and people absolutely ARE still moving to your area. In addition, they are often willing to make full-priced offers for a great home. Once the sign is up in the yard and the showings begin, you will be happy that you chose the time of year to put your home on the market.
Contact the Kahler Team today for assistance with selling your home. We are experts in the local Rapid City Real Estate market, and will guide you through the entire process of selling your property from listing to sale. Our marketing plans assure your property maximum exposure and we pride ourselves on personal service. We encourage you to contact our office with your questions and to discuss your individual needs. When you are looking for a partner to help you negotiate the complexities of selling a home, you’ve come to the right place. The experience, dedication and strong communication you’ll receive here will help ensure the successful and profitable sale of your home.