The Fall season is the perfect time to list condos for sale in Myrtle Beach
Many condo owners make a big mistake by not listing their Myrtle Beach condo during the Fall season. The Fall represents some of the best selling opportunities. Here is a list of reasons why listing your condo for sale in Myrtle Beach may bring you more money then the spring and summer.
1. There are fewer condos for sale in Myrtle Beach during the Fall. Because real estate markets are influenced by supply and demand, the fact that supply decreases in the Fall makes it more probable that the property will sell. With demand still remaining strong, buyers are competing for less condos therefore driving the price a bit higher.
2. The Fall often brings Myrtle and North Myrtle Beach real estate a more qualified buyer. In the Summer, we see a lot of traffic along the Grand Strand. A lot of these summer buyers are dreamers. They want to purchase yet may not have the money, nor can they qualify for a mortgage. These are first time investors and a lot of banks don't want to take the risk of lending them money. During the Fall, a high percentage of the buyers are middle-aged buyers who have stronger financials, and in many cases, cash. The typical buyer for a condo in North Myrtle Beach or most anywhere in the Grand Strand is a golfer or someone looking for a true second home.
3. People looking to purchase in the Fall understand the rental season is over and are okay with the fact that the rental income on oceanfront condos will be very low. These buyers will not scrutinize your rental income nearly as much as the summer investors. They are purchasing these condos in Myrtle Beach for personal use. Someone looking for a condo that is going to be used for a second home will pay more than those looking for a condo investment. The end user always pays more than the investor.
If you are thinking of listing a condo for sale, then you MUST take advantage of the Fall season. The challenge with Myrtle Beach real estate is the fact that it has been so over saturated, driving prices down. You have to take advantage of those pockets of time where competition is low, which gives you a window of opportunity to get a property sold and bring you more money.
If you have not received a Fall Season Evaluation on your Myrtle Beach property, then please contact us immediately. You may find that you can get a few more thousand then you could have a few months ago. Visit our website to see why we can do better to sell your Myrtle Beach home or condo.