As the holidays quickly approach us here in the Palm Beach, FL area, you might be wondering if now is the time to sell your Palm Beach home, or if you should wait until spring. As your Palm Beach real estate agent, I want to help you determine what will work best for you!
There will always be pros and cons when it comes to selling now, or waiting, but as it turns out, there are lots of reasons to sell now. Contrary to what many Palm Beach home sellers might think, selling in the fall and winter comes with a lot of perks. Here are a few:
- Less competition. As I just stated, many Palm Beach homeowners believe that waiting until spring and summer to sell is ideal. Therefore, when you sell in the fall or winter, you have less competition from other sellers! This means that you could gain more interested buyers than you otherwise would, since they have fewer options in the Palm Beach real estate market. This could also mean more negotiating power in your hands.
- Serious buyers. Just like Palm Beach home sellers wanting to wait until spring to sell, many Palm Beach homebuyers also want to wait until after the holiday season is over. That means that when you sell now, you will only deal with serious buyers who want to take advantage of low mortgage rates, or who need to relocate now for a job, a growing family, a senior relative or other personal reasons. It’s likely that you will sell your home faster to a serious buyer now than a wandering buyer come spring or summer.
- Mortgage Rates. While mortgage rates have risen the past two weeks, they fell for many weeks previous to that, so they are still lingering around the 4 percent mark. If you want to sell your Palm Beach home so that you can move up to a bigger, more luxurious home in the Palm Beach real estate market, now is the time to do it! If you score a low mortgage rate, you could save yourself hundreds of dollars every month in interest.
- Quick transactions. Because the Palm Beach real estate market is less crowded in the fall and winter, fewer transactions mean mortgage lenders have fewer loans to process, attorneys will have less closings to complete, and home inspectors have less homes to inspect. As the Palm Beach home seller, this means the entire closing process will go quicker for you! If you’re also buying a Palm Beach home, this will make that sale move quicker too, helping you avoid issues along the way.
As you can see, there are many positive reasons to sell your Palm Beach home now rather than waiting until spring or summer. We don’t have to worry about brutally cold temperatures here in the Palm Beach, FL area! Take advantage of the fall and winter seasons by contacting me, your Palm Beach real estate agent. I would love to help you out!