If you’ve been thinking about selling your home here in Fairfield County, there is no better time than the present to take the leap. According to Jason Wilson, host of “How’s the Market?” a weekly real estate radio show on WFAS-AM 1230, record low interest rates and low prices have created ripe opportunity for renters to take advantage of the tax deductions of owning a home.
Jason, who also manages the Scarsdale office of Julia B. Fee Sotheby’s International Realty, believes that real estate is trending to be a 12 month cycle this year due to the mild winter and busy summer. “It isn’t a spring only cycle anymore, and with the spring market starting earlier this year, 2012 is turning out to be a different year altogether,” he said.
Over the past several years, the fall market has been a seller’s second chance to recapture those buyers that haven’t purchased in the spring. Housing sales typically level off in the fall, then regain momentum in September and October. The 2012 fall season is also an opportunity for new buyers that want to take advantage of the record low rates. While 2013 may be a different story, there’s no better time than the present to get in the game.
In addition to the aforementioned advantages, mortgage guidelines are anticipated to tighten up in 2013, which might reduce the number of buyers for your home.
The fall season is also a prime time to sell, as many anxious buyers want the home of their dreams in time for the holidays. So seize the day!
You can tune into “How’s the Market?” on the WFAS-AM website or on iHeartRadio every Saturday from 2-3 pm. For more information on selling your property in Fairfield County, visit William Pitt Sotheby’s International Realty and see for yourself why we are the premier real estate company in Connecticut.