Reasons You Should Consider Selling This Fall

<article class="post-25167 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-25167"><span class="entry-date">September 7, 2021</span><div class="entry-header center-block text-center"><h1 class="entry-title">Reasons You Should Consider Selling This Fall</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Reasons+You+Should+Consider+Selling+This+Fall&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Freasons-you-should-consider-selling-this-fall%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<p><img alt="Reasons You Should Consider Selling This Fall | Simplifying The Market" class="webfeedsFeaturedVisual wp-post-image" decoding="async" link_thumbnail="" loading="lazy" sizes="auto, (max-width: 549px) 100vw, 549px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/31113502/20210907-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/31113502/20210907-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/31113502/20210907-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>If you’re trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate <a href="https://www.simplifyingthemarket.com/2021/08/17/what-does-being-in-a-sellers-market-mean/?a=712984-fa409495d5d70154d03a25e81e9540e2">sellers’ market</a> we’re in today won’t last forever. If you’re thinking of making a move, <strong>here are four reasons to put your house up for sale sooner rather than later.</strong><span id="more-45070"></span></p>
<h4><strong>1. Your House Will Likely Sell Quickly</strong></h4>
<p>According to the <em>Realtors Confidence Index</em> released by the <a href="https://cdn.nar.realtor/sites/default/files/documents/2021-07-realtors-confidence-index-08-23-2021.pdf"><em>National Association of Realtors</em> </a>(NAR), homes continue to sell quickly – <strong>on average, they’re selling in just 17 days.</strong> As a seller, that’s great news for you.</p>
<p>Average days on market is a strong indicator of buyer <a href="https://www.simplifyingthemarket.com/2021/08/18/real-estate-its-still-a-lack-of-supply-not-a-lack-of-demand/?a=712984-fa409495d5d70154d03a25e81e9540e2">demand</a>. And if homes are selling quickly, buyers have to be more decisive and act fast to submit their offer before other buyers swoop in.</p>
<h4><strong>2. Buyers Are Willing To Compete for Your House</strong></h4>
<p>In addition to selling quickly, homes are receiving multiple offers. <strong>That same survey shows sellers are seeing an average of 4.5 offers</strong>, and they’re competitive ones. The graph below shows how the average number of offers right now compares to previous years:<a href="https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/31113503/20210907-MEM-Eng-1.png"><img alt="Reasons You Should Consider Selling This Fall | Simplifying The Market" class="aligncenter wp-image-45073" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/31113503/20210907-MEM-Eng-1.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/31113503/20210907-MEM-Eng-1.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/31113503/20210907-MEM-Eng-1-400×300.png 400w" width="650"/></a>Buyers today know <a href="https://www.simplifyingthemarket.com/2021/08/31/what-buyers-and-sellers-need-to-know-about-the-appraisal-gap/?a=712984-fa409495d5d70154d03a25e81e9540e2">bidding wars</a> are a likely outcome, and they’re coming prepared with their best offer in hand. Receiving several offers on your house means you can select the one that makes the most sense for your situation and financial well-being.</p>
<h4><strong>3. When Supply Is Low, Your House Is in the Spotlight</strong></h4>
<p>One of the most significant challenges for motivated buyers is the current <a href="https://www.simplifyingthemarket.com/2021/07/27/a-look-at-housing-supply-and-what-it-means-for-sellers/?a=712984-fa409495d5d70154d03a25e81e9540e2">inventory of homes</a> for sale. Though it’s improving, it remains at near-record lows. The <a href="https://www.nar.realtor/newsroom/existing-home-sales-climb-2-0-in-July">chart</a> below shows how today’s low inventory stacks up against recent years. The lighter the blue is in the chart, the lower the housing supply.<a href="https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/31113505/20210907-MEM-Eng-2.png"><br/></a><a href="https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/31113505/20210907-MEM-Eng-2.png"><img alt="Reasons You Should Consider Selling This Fall | Simplifying The Market" class="aligncenter wp-image-45074" decoding="async" height="488" loading="lazy" sizes="auto, (max-width: 650px) 100vw, 650px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/31113505/20210907-MEM-Eng-2.png" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/31113505/20210907-MEM-Eng-2.png 1000w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/08/31113505/20210907-MEM-Eng-2-400×300.png 400w" width="650"/></a>If you’re looking to take advantage of buyer demand and get the most attention for your house, <a href="https://www.simplifyingthemarket.com/2021/08/25/why-2021-is-still-the-year-to-sell-your-house/?a=712984-fa409495d5d70154d03a25e81e9540e2">selling now</a> before more listings come to the market might be your best option.</p>
<h4><strong>4. If You’re Thinking of Moving Up, Now May Be the Time</strong></h4>
<p>If your current home no longer meets your needs, it may be the perfect time to make a move. Today, homeowners are gaining a significant amount of wealth through <a href="https://www.simplifyingthemarket.com/2021/07/09/your-home-equity-can-take-you-places-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2">growing equity</a>. You can leverage that equity, plus current <a href="https://www.simplifyingthemarket.com/2021/08/23/what-do-experts-say-about-todays-mortgage-rates/?a=712984-fa409495d5d70154d03a25e81e9540e2">low mortgage rates</a>, to power your move now. But these near-historic low rates won’t last forever.</p>
<p>Experts forecast interest rates will rise. In their forecast, <em>Freddie Mac</em> <a href="http://www.freddiemac.com/fmac-resources/research/pdf/2021Q3-Forecast-04.pdf">says</a>:</p>
<blockquote>
<p><em>“While we forecast rates to increase gradually later in the year, we don’t expect to see a rapid increase. At the end of the year, <strong>we forecast 30-year rates will be around 3.4%, rising to 3.8% by the fourth quarter of 2022</strong>.”</em></p>
</blockquote>
<p>When rates rise, even modestly, it’ll impact your monthly payment and by extension your purchasing power.</p>
<h3><strong>Bottom Line</strong></h3>
<p>Don’t delay. The combination of housing supply challenges, low mortgage rates, and extremely motivated buyers gives sellers a unique opportunity this season. If you’re thinking about making a move, let’s chat about why it makes sense to list your house now.</p>
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