Just like that, summer has officially slipped away. Although, I can’t say I’m going to miss the extreme Texas heat, humidity, and bugs. As we move into the new season, we can expect a few things to change but most importantly -The weather and the real estate market. Our real estate market is known to slow down after the warm months. But as a seller, doesn’t this mean the perfect opportunity? Let’s go over 3 reasons fall is the perfect time to sell your home.
Spring is notably the busiest time in the Dallas real estate market. Therefore, when the market begins to cool down in the fall, buyers are going to be eager to put themselves out there again. The competition will be less, and the opportunity will be more promising. Not only should this motivate buyers, but sellers too. The reason being, the less competition, the better the leverage is on the seller’s side of the spectrum. We are coming down from a heavy and chaotic market, which means you can still sell your home for a great ROI, without the complete chaos.
Sell and buy at the same time.
Mortgage rates are great right now, so great that it’s worth taking advantage of before they go up. So if you are looking to upgrade your home and sell your current home, there has never been a better time. The reason being, low mortgage rates allow you to get more for your loan (a bang for your buck as they say.) To put it into perspective, If it was 2018 and you got approved for a $300,000 loan, you would only be able to afford a $240,000 home because the interest rate would sit at almost 4%. On the other hand, with a low-interest rate, that money could go into an additional bedroom or a bigger backyard instead. The difference is astronomical
As you can probably tell, fall is a great season to sell your space and find a new place to call home just in time for the upcoming holidays. The good news is that our team of experts helps both sellers and buyers find real estate success. Let us save you time, resources, and money when it comes to finding your Dallas dream home, and book your free 1 on 1 with us.
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