Why you shouldn’t fear the Fall housing market

It is the time of year when cobwebs and bones in your yard are expected. While some retailers have had Halloween costumes on display since the Fourth of July, the calendar has now caught up and the celebration of Halloween has begun. 

For potential home buyers and sellers, the Halloween season can bring a different kind of fear – FOMO, or the fear of missing out. It is common knowledge that spring and summer are the hot months for the real estate market and those who didn’t take action already may fear they have missed out on their housing opportunity. 

Fear not!

The market is still very much alive for both buyers and sellers. Allow me to share a few things to hopefully help bury any lingering fears you may have. 

Fear of no options

Being unable to find a home that matches your needs is much like digging through your child’s post-Trick-or-Treat bag to find only raisins and a toothbrush. Housing inventory may seem like a ghost town, but there are opportunities for buyers. One of the keys to securing the home you want is preparation. Your realtor can guide you how to be ready and equipped to act quickly. 

Despair of losing your dream home

Don’t let horror stories of losing out on the perfect property from other would-be buyers frighten you away from the market. Multiple offer situations are real in our market, but with a little patience and a realtor, your chances of finding and getting your dream home increase. Plus, the housing market does slow in the fall, meaning buyers have less competition for properties.

Dread of disappearing buyers 

September’s housing statistics for our region showed more than 3,000 home sales were pending heading into October. That stat alone shows homeownership is still happening in Middle Tennessee, and for home sellers, there’s no need to fear buyers may ghost away. In fact, some consider those who are searching for a home in the fall and winter to be some of the most serious buyers in the market. 

Don’t let the regret of not acting sooner in the market haunt you. Your realtor is your real estate professional who isn’t afraid of things that go bump in a listing, the dark or the market. Your realtor will go first, leading you fearlessly through your transaction.

Scott Troxel is president of Greater Nashville REALTORS®. A realtor is a member of the National Association of Realtors who subscribes to its strict code of ethics. Contact him at 615-294-2975 or scott@scotttroxel.com.