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| Opportunities for buyers and sellers in the fall real estate market | ||
The fall season is a real estate market unto itself, with its own unique dynamics and opportunities. Below we share a few aspects of the autumn market that are good for buyers and sellers to know. Opportunities for buyers in the fall market Right now is a great time to be shopping for a home, and here are two big reasons why: There are fewer buyers to contend with in the fall Right now there are roughly 40% fewer offers being accepted compared to the peak months of March, April, May and June. The pace of the market is slower in the fall, and easier on buyers. There are fewer multiple offer situations and bidding wars in the fall Competing offers and bidding wars are also less prevalent this time of year. With less competition, many fall buyers are able to negotiate a better price than buyers in the spring and summer. Opportunities for sellers in the fall market Rright now is the ideal time for anyone who's planning to sell their starter home and buy a larger, higher-priced property. That's because starter homes are always in demand due to a constant shortage of supply, but there's a little more slack in the market for more expensive properties. If you need to write an offer that's contingent on the sale of your starter home, this fall is the perfect time to go for it. |
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| Friday, Oct 25, 2019 | ||
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