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Fall Property Market Outlook

October 15, 2015

From Loan Officer Daphne Tapp

From Loan Officer Daphne Tapp

The real estate market is highly dependent on supply and demand. It continually changes from year to year and even from season to season. If you are contemplating buying or listing homes this fall, below is information on the fall property market outlook.

Impact of Seasons

Fall historically remains an active time of year. Buyers look to complete their property purchase before the winter, the holiday season, and year end (to take advantage of tax benefits). Interest rates are also at historic lows, enabling more individuals to afford home ownership. This year, some regions are experiencing a shortage of inventory. This may be due to less foreclosure listings, sellers holding on to their properties waiting for values to increase, or sellers incorrectly thinking that real estate is not selling. Whatever the reason, it is leading to less inventory during a time of high demand. The result is a lot of activity on any new listings, competing offers on desirable homes, and homes quickly going under agreement.

Beyond the Fall Property Market Outlook

If you are considering listing, it is a great time to do so. With an agent who understands the area, your real estate can be positioned to move quickly and for maximum market value. If you are trying to buy, get pre-approved and be ready to make an offer. Properties in good shape and priced right will not remain on the market long. This fall property market outlook article is merely an overview. For specific local real estate statistics or assistance with your home sale or home search, contact Guaranty Mortgage at 770-614-7425 or go to www.GuarantyMortgage.com

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