If you are thinking of selling your Lynden, WA real estate this fall, the experts are suggesting that you should! In a balanced market, spring and summer is usually considered the best time to list your home for sale in Lynden, WA. There seems to be a higher demand and people are on summer vacation and they want to get their family settled before the school year. However, with real estate in Lynden, WA being in a seller’s market, demand isn’t likely to halt anytime soon. In fact, let’s take a look at why the experts suggest that Fall is a great time to list.
Demand Is Still High
The National Association of Realtors recently released the Buyer Traffic Report which shows that the demand to purchase is strong and steady throughout the entire country. Lynden, WA real estate specifically is at a 3.3 month supply, which is very much a seller’s market. This is optimal for those listing their home for sale in Lynden, WA as it means that there are plenty of qualified buyers looking to purchase.
There Isn’t As Much Competition Now
With a majority of the United States having less than the needed 6 month supply for a balanced housing market, there are just not enough homes for sale to satisfy the buyer demand. Add in that most people who don’t HAVE to sell usually remove their home during the holidays, a seller will have less competition than normal. This can result in bidding wars depending on the Lynden, WA real estate in question. If you want the most bang for your buck, don’t wait to see if your home value increases over time. More inventory is expected to flood the market within the next year AND mortgage interest rates are expected to increase, which can impact the amount of buyers in the market.
The Process Will Be Quicker
Thanks to real estate in Lynden, WA being in a seller’s market, buyers have been forced to get all their ducks in a row before they even start looking at homes for sale in Lynden, WA. This means they are getting pre-approved first and are making bids immediately. This speeds up the buying process. In fact the time that it takes, on average, to close a loan has decreased to just 43 days.
There Will Never Be a Better Time to Buy That Dream House
Interestingly enough, luxury real estate in Lynden, WA is still in a buyer’s market. Which means that you can get that dream home for a better price compared to if you wait. With prices expected to appreciate 5% over the course of the next year, you could pay more in both down payment and mortgage payment if you wait.
For more information on selling your home, give me a call. I would be happy to help!