Most people don’t realize that the fall market is a pivotal time in the real estate market. Regardless of whether you’re selling, Fall is a great time of the year to revamp your home, do some seasonal cleaning up, and redecorate. This saves time and money in upcoming months, but for potential sellers, standard maintenance helps buyers envision themselves in your space. Focus on decluttering and using a neutral color palate so you can appeal to anyone in your potential market.
Buyers need to do their part too! Anyone trying to buy a home should takes steps to get pre-approved for a mortgage before even entering a home. This shows a seller that you are serious about buying. If there is a place you really have your eye on, becoming fully approved before making an offer gives you even more of an edge in the competitive market.
While on the subject of the competitive market, make sure you stand out with your offer price. If you’re looking to purchase your dream home, consider increasing by at least 1 percent of the listed asking price.
Finally, both homeowners and buyers may wait until the winter real estate market, as that is one of the slowest times of year due to the weather and holidays. Preparing all of your necessary pre-qualifications during this time or preparing your home for winter will help you in the winter’s buyers’ market.
Source: Washington Blade