Profile picture for unbelieve

Is Fall a bad time to list my house,I must move,should I try to rent it?

We are moving quickly,should I rent the home or sell.I am worried about the time of year.We just have no experience with this and would like some suggestions.

  • August 30 2010 - US
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Answers (29)

I read all the answers and did not happen to notice where you are located.  People shop for homes all year in Florida, but Spring seems to be the big shopping season.

Did you say you had 2 offers at full price?  If so, then you are done, right?
  • October 01 2010
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Profile picture for Pacita Dimacali
Congrats on your getting multiple offers after working hard on properly preparing your property for sale. Sounds like you not only made it look nice, you also priced it right. Powerful combination that works!
  • September 26 2010
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Profile picture for shawnspaw
Actually if you can get the home on the market quickly, you still have a nice window before the Holidays.  Yes it is true that there are not as many people looking at homes in the Fall. However, the people who are looking are generally very serious about buying.  I usually have a better September and October than August.  
  • September 25 2010
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Profile picture for sunnyview
Awesome news! I am so happy for you. Wishing you a speedy close.
  • September 25 2010
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Profile picture for Fxdlmatt
Sounds like you workednhard and priced smart! Congratulations Matt
  • September 25 2010
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Profile picture for unbelieve
Hope I am not repeating my news to follow up my question earlier but I will make it shorter.Followed the advise here and a local Agent.Put it on the market sooner instead of later.We were doing some work to make it more rentable.So put it on the market instead.Our Agent didn't feel renting would be a good idea.Cleaned, staged, took away my clutter,and my husband did curb appeal.We put it on a lock box and let the Agents show it no matter what we just left so the buyers could look.We had 3 offers!2 at full asking and took one because it was a cash sale.
  • September 25 2010
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Dear Unbelieve:

If your objective is to release the property, then you definitely should put it on the market for sale now vs later.  If you plan to return to the area and you love, love the house...then you might consider renting it until you know you will be in your new location on a long term basis.  Since prices and interest rates are down...you may actually come out better selling the home and reinvesting in this new market. Much success on your move!

Clara Lyons - I turn real estate dreams into reality - One home at a time!

  • September 18 2010
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today is a better day to sell it than tomorrow in a falling market...
  • September 17 2010
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If it's a nice property and priced right it should sell.  Contact me and I'll do a market analysis on your home and let you know how fast the homes are selling for in your area, and give you my professional opinion after viewing your home. [contact info removed by moderator]

  • September 17 2010
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Renting could be an option but remember what the previous poster said, it can be difficult, especially if you are not local to keep an eye on the property. If you can afford to rent your current property and buy where you are moving it may be an option though. Just make sure you know what you are getting in to and be prepared or problems.

Fall is certainly not as busy as spring but homes do sell all year. A nice property that is correctly priced and marketed will sell. Key is priced right for your market. A reliable REALTOR will be able to help you.
  • September 17 2010
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Profile picture for Rose391
I have owned several rental properties over the years and my "learned the hard way" advice to you is:

  NEVER RENT ANYTHING YOU DON'T WANT RUINED!!!

Write this on the frig. door and read it aloud every day!!!

      Blazen it into your brain!
  • September 17 2010
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Homes sell at all times. Spring is the busiest but if you lease it, that will usually mean a year and may I recommend using an agent/agency who has handled property management and has done background checks, etc. to protect you're property. When you lease, you are shifting gears entirely--are you going to continue to show it and disturb the tenant? Will you discount the lease for that inconvenience?

Just like you, people move in the fall. Price it to the market with a great agent and it should sell.

Hope this helps. All the best!
Liz
  • September 04 2010
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Depends on what the market is. No wait no it doesn't.   You want to be gone, sell your home.  Homes sell at all times of the year.
Price it right.   Use a top agent. 
  • September 03 2010
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Fall is generally a slower time to sell comparing to the spring and summer. Additionally, it also depends on how bad you want your home sold.  There is always a buyer for the right price.  If your ultimate goal is to have the home sold, then I suggest you sell it quickly.  If you rent it out through the winter, then be prepared to do minor repairs when the time comes to sell.  Your tenants are less likely to treat your home the same way you did.  Good Luck!
  • September 02 2010
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I have had great success in the fall.....The first 2 weeks will be important so make sure you know your competition and price it to sell. Your best buyers will come early on so you will get an idea of how well your home is being received. You can always put it for rent later on if you have no success:)
  • September 02 2010
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Here in El Paso, seasonal swings in sales are not dramatic.  Off-summer consumption is only 30% down from summer peaks.  In short, hundreds of sales are made every month, even in the non-summer months.

List it.
  • September 02 2010
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 I say LIST it quick! I say this only because of the historically LOW intrest rates, being that they are so LOW this opens up the BUYER pool! This will also give you the oportunity to make a purchase with the same low rates which means a bigger house or that Dream Home at a low monthly payment.
 If you need any help contact me and I can point you in the right direction.
NOW IS THE TIME!
  • September 02 2010
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I suggest to get in on the market for sale ASAP! if someone wants to rent have them lease the property for a year or so with the option to purchase, that way your tenat can be a potential buyer. you'll still make money either way. Find an agent and get it listed.
  • September 02 2010
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Fall is not necessarily the best time to sell a home, but it can happen. I had one recently that went under contract in October and closed in December, and another that went under contract in November and closed in early January.

That said, if you are in a hurry, you could consider a lease-purchase, or a straight rental. If the home is attractive, this could be a way to get your full asking price for the property. I recently negotiated a deal like that as well.
 
A Realtor can run price comparisons and check the movement in your market. Real Estate markets are ALWAYS LOCAL, sometimes even to neighborhoods. So you need someone who is a local expert. 

Best of luck - selling in a hurry is usually not ideal, so I hope you can find someone to help quickly.
  • September 01 2010
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contact yoir local realtor... you must find out if your neighborhood is trending up or down or hitting sideways... then what the price is you can get for the place, seek a tax man, you have credit now you may not be able to claim 6 years from now... that could make a difference to the numbers.. ask a lot of questions, and do what is right for you.. no one else... good luck ... if you need a local realtor referral... email me be glad to get you a solid realtor to work with!
  • August 31 2010
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Profile picture for remaxagent33
If you price the home right, it doesn't matter the season to sell your home. Call a few local realtors and hear what they have to say. Renters - that is tough. I know tons of sellers that wouldn't consider a renter if they had a gun to their head. Lots of renters (NOT SAYING ALL) in this market have been thru a foreclosure or short sale and their credit isn't the best. Plus in our area, we are seeing 2 or more families moving into one rental. Sellers/landlords are having issues getting them out or getting rent.
  • August 31 2010
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I would talk to a local realtor about typical fall market conditions where your home is located.  While, true, the market is not as hot as summer, in some areas there is a burst about a month after school starts.  If you live in a very depressed market then consider other options as discussed here until late spring.  Your agent will know how to best advise you.
  • August 31 2010
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If it is priced well you may get a number that you are happy with. I would put it on the market and advertise it as for sale or lease. This way you will get both buyers and renters through the property.
  • August 31 2010
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Its not the busiest time of year and price tend to drop slightly , but it is the time when lookers tend to be more serious buyers. If you are buying another home, its really a wash. As far as renting, the market is also less active, and if you have no experience being a landlord, be careful. HAving tenants can be full of problems you may not want. They don't treat  your property as their own, and what happens if they don't pay the rent? Are you going to be nearby, If not, I would be very wary of renting. Make alist of all the pros and cons before you make a decision.
  • August 31 2010
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I think it should be totally up to you what you do with this property but keep in mind that a rent-to-own situation, or a rental on a month to month lease can have its down side. For instance: worry about property damage, or non payment, finding the right renter. Sometimes its just best to put all our cards out on the table and see what happens. If you are looking to sell in fall, I would say go ahead and list it. Just keep in mind that it may not sell until spring, and if it sells before than...great! There is less competition and more serious buyers during the fall and winter months, you just never know.

Hope this helps!
  • August 31 2010
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Profile picture for BlancheG
How about "rent-to-own"? Many buyers are reluctant to buy because the housing price 's still declining.  Rent-to-own will entice more renters or buyers-to-be, and you might end up selling your house pretty fast:)
  • August 30 2010
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Profile picture for Shunter5
I also have found that people who put their home up for sale in the fall, the inventory is lower and therefore, less competition. Also the buyers who are out looking to buy this time of the year, are the serious buyers!  Worth a try :)
  • August 30 2010
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This is a question only you can answer since you are the only one who has enough details and knowledge of your finances ( i.e. how much equity do you have in your home?) and capabilities ( i.e. are you prepared to be a landlord?) to know what is best for you.

I don't know what market you are in but turnover is achingly slow in most markets unless the house is priced outstandingly and shines above the rest. 

I would find out your house's current market value (most realtors will do a free comparative market analysis) and current rental rates and run the numbers and see what you come up with.

Also, what is your moving situation?  Will you be renting?  If you rented your house would that cover it?  Do you need the equity out of your home to move?

Many questions you need to answer.  Educate yourself on the market as much as you can and the solution for you should become clearer.
  • August 30 2010
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It's true that fewer people are looking to buy during the Fall and Winter months. What I would do is rent the property on a month to month lease and then list it to sell during the Spring. Good luck.
  • August 30 2010
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