However, if you're thinking you've missed your chance to sell your home, let me reassure you: This autumn actually presents a fantastic moment to sell. Here's why.
First off, housing inventory is still incredibly low. In fact, according to data from the Census Bureau and the National Association of Realtors, inventory remains well below historic
Second, while mortgage rates also remain very low, recent announcements by the Federal Reserve might cause them to finally start rising. This would make mortgages less affordable and might turn away a significant number of potential buyers. This is even more of a concern when you consider the continuing growth of home prices—6.9% in the last year alone.
Third, buyers in the fall are likely to be more serious because they have probably been searching for months without success. Also, because fewer homes are listed in the fall, this means there's even less competition than we’ve seen due to the general low inventory.
That means the time to list your home is now.So what do you get when you put all those things together?
Well, if you were to list your home right now, chances are good that you would be able to sell it very easily and for a top price.
You might ask; How would we set your home apart and get it sold more effectively? Here's how. Buyers are finding homes online first obviously and we have an exclusive new technique that nobody else here in town is using.
The technique we’re talking about is the ability to get your home onto the first page of Google with video. Studies have shown that when a video thumbnail is on the first page of search results on Google, people will click on it 87% of the time.
We'll get your home the attention it needs to sell quickly and for top price
On the other hand, if you decide to wait, the situation might not be as favorable because mortgage rates might rise or because new construction might pick up.
That means the time to list your home is now.
You can get started with this home value calculator on my website, which takes into account recent Northern Virgina sales:
Enter your street address here to find out what your home is worth
This calculator will give you a good idea of what your home is worth.
The calculator is an "Automated Valuation Model"
Automated Valuation, while very sophisticated, cannot adjust for improvements you've made such as renovations, new kitchen, new bathrooms, newer flooring, newer appliances, HVAC, a newer roof, etc. nor location within the neighborhood.
If you would like a more precise estimate of what your home could sell for this fall, or if you have any other questions about the current Northern Virginia real estate situation, give me a call. I'm here to help you get your home sold!