Have You Missed Your Chance to Sell Your Home?

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Several sellers wonder if they've missed their chance to sell their homes as we head into the winter months. Many people have asked me, "Is it a good time to sell in the fall?"

Actually, fall is a great time to sell. If you look at the numbers, you'll see that inventory in the fall is extremely low. In our last video, we talked about how inventory has dropped by almost 40% across the San Fernando Valley. Right now, listings are at a premium. We have more demand than supply due to historically low interest rates that continue to hover around 4%.

Even if you look at the statistics over the last few years, you'll see that more listings close escrow in November, December, and January than the number of listings on the market.

Because rates are so low, buyers don't want to lose out. If your home is priced right, fall is a very good time of year to sell. If you look at June, July, or August, when our 2015 inventory levels were at their highest, the buyers had a lot of choices. In the fall, with winter approaching, fewer homes are on the market which means sellers will be in a good situation because there is less competition. If you wait until March or April to list your home, then you need to prepare for a lot more competition.

Ultimately, if you want to sell your home, now is the time to do so. If you have any questions for me, give me a call or send me an email. I would be happy to help you!