The decision of selling your property in September is a significant step that a variety of factors can influence. These might include your personal circumstances, the state of the property market, or changes in the real estate industry. However, what if we tell you that the month in which you choose to sell your property might also potentially influence its marketability?
While there are generally favourable times of the year to sell property, one particular month stands out from the rest – September. Yes, you heard it right. There are several reasons why selling your property in September can be advantageous.
Why September?
September is a magical month for real estate. And sales data from real estate platforms across the country supports this claim. Not only do homes sell faster in the fall, but they also tend to sell for a higher price.
September is a season of change and new beginnings. As summer winds down and children return to school, families who are preoccupied with summer activities finally have an opportunity to focus on finding their dream home. This surge in buyer activity can lead to a favourable market for sellers.
Selling Your Property and Timing the Market
Real estate is a volatile market, highly susceptible to fluctuations. Attempting to “time the market” by selling high and buying low can be tricky, even for professional real estate agents. However, some trends remain consistent over time.
The real estate market tends to heat up in the spring as buyers begin to look for new homes. It then cools off slightly during the summer before picking up again in September. This phenomenon – dubbed “Selling September” – is due to a number of factors.
The Fall Real Estate Surge
In September, the holidays are still a safe distance away, the weather is comfortable for house hunting, and life starts to settle back into a routine after summer vacations. These factors make it the perfect time for potential buyers to step into the housing market. Listing your property in September capitalizes on the renewed vigour of buyers in the period between summer vacations and the holiday season.
September is the last surge of homebuyer activity before the slower winter months. This brief window of increased activity can be an ideal time for sellers who want to move their property quickly and at a potentially higher price.
When Selling your Property think about Schooling and Relocation
More often than not, families prioritize moving during summer or September in order not to disrupt the academic schedule of their children. This makes September appealing as families rush to settle into a new home before the school year progresses too far. As a seller, listing your home during this time means placing your property on the market when a large pool of buyers is actively seeking to purchase.
Home Staging
The autumn allure that comes with September – the crisp fall air and the dazzling foliage – can be a tremendous bonus for home staging. Nature itself can add to the appeal of your property. Gorgeously toned leaves provide an effortlessly beautiful backdrop during property viewings, increasing the overall attractiveness of your home.
A New Fiscal Year
Many companies begin their fiscal year in October. This might mean relocating employees and hiring new ones – great news for sellers, especially if you live in an area with a lot of businesses or corporations. These potential buyers often have housing stipends and a deadline to buy and, therefore, are motivated buyers.
Conclusion about Selling Your Property in September
Of course, selling your property in September isn’t a guaranteed recipe for quick sales and high bidding wars. The condition of your home, its price, and local market conditions are significant influences. However, understanding the seasonal trends in the real estate market can help you make an informed decision.
All considered, September’s unique combination of increased buyer activity, Motivated families, picturesque fall scenery, and new fiscal policies create a prime opportunity for you to get the most from your property sale.
Remember, the ultimate decision rests with you. After all, you want to sell your home at a time that’s most convenient and most profitable for you. When the time to sell comes, we recommend utilizing the expertise of a real estate professional to help you navigate the market to ensure maximum return on your investment.
Should you go for Selling-September? You might want to experience the magic yourself!
