Real estate market is strong in the fall

By Tri-County Times | Fenton, MI Sally Rummel Features Writer

There’s a crispness in the air this fall, as well as the aromas of warm vanilla, crunchy apples and pumpkin spice.

All of these seasonal sights and sounds add curb appeal to your home, creating more excitement in the fall for the sale of your home.

What that means for the local real estate market is that this is still a strong, solid time of year to buy or sell your home.

“Everything sells in September,” said John Tremaine of Tremaine Real Living Real Estate. “It’s an amazing market right now. It’s still going strong and will stay strong until November and December. Buyers and sellers are motivated to move this time of year. They are serious.”

Fall is a great time to get into a home before the holidays. “If you buy in October, you can get in before Christmas, for sure,” Tremaine said. “They are speeding up the loan process. Now it’s 30 days or less; the old 45-day adage isn’t holding true anymore.”

Ken Brant of Brant & Associates sees an uptick in inventory this month. “The competition among buyers isn’t as fierce as it was in the summer, although the market for homes in the $200,000 and under price range is always busy,” Brant said. “It’s the lake homes that slow down this time of year. There isn’t the urgency now for lake buyers. Sellers are going to wait a little longer.”

“We love fall,” Brant said. “It’s a lot cooler to show homes and the fall fragrances add curb appeal.”

Steven “Melch” Melchor, a Realtor with Berkshire Hathaway HomeServices Michigan in Fenton, calls this season “a beautiful time of year, and still a strong market.”

“If you have a good house and price it within the range that it’s worth, it will sell quickly,” Melchor said. “Buyers are more serious because they want to get in before winter. If it’s priced right and in the right area, it’s going to go.”

Patrik Welty, broker/owner of Legacy Realty, said that selling your home in the fall requires the same priority list as any other time of year.

“Yes, it’s a hot real estate market and lots of buyers are anxious to look,” Welty said. “But they’re also very fussy when it comes to maintenance and condition issues. Your priority is to prevent problems on your own timeline, not waiting to be told what to do after the inspection.”

Leaky faucets, other plumbing or maintenance issues need to be taken care of first. “Almost every buyer has an inspection,” Welty said. “Today’s buyers are much less likely to do maintenance-related repairs. That’s just not your typical buyer today. They want a home that’s move-in ready.”

This article provided by NewsEdge.