5 Advantages of Selling Your Home in the Spring or Summer
Many people think that the prime season for selling a home is during the spring or summer months. Whereas it’s true that these are the busiest selling and home buying seasons, are they really the best? We have listed some of the advantages of selling your home during the spring or summer. Hopefully they will help you decide if this is the right time to try and sell your home.
With the warmer weather, and the added hours of daylight of the spring and summer months, those looking to buy a new home are more likely to start their shopping. Plus, people with children are looking to get into a new home and get their kids enrolled before the new school season starts. This means that there will be many people out looking which is definitely a good thing for you if you are trying to sell your home.
In most markets, more inventory means lower prices. This is just the opposite in the housing market. During the prime season, when more homes are listed, the prices are higher. There are usually more buyers during spring and summer, so that makes the demand higher. And because the dead is higher, you can ask a higher price for you home.
Let’s be honest, most properties look better in the spring and summer months. The flowers are in full bloom and the grass is green. You can really showcase the exterior of your home and show the nice backyard perfect for the kids or family gatherings. Daylight savings time also gives the opportunity for more potential buyers to view your property during the day.
When your home is being appraised, the appraiser will look at data for homes in your neighborhood that are comparable to yours. Since more homes are sold during the warm weather months, the prices are usually higher. The data will more than likely show the homes are selling for higher prices and thus give your home a higher appraisal value.
With more buyers home shopping, you don’t have to settle for less. More people will likely be interested in your home meaning you have the option to hold out and get the price you want for your property.
If you are considering selling your home, spring and summer are the ideal months to show and sell your home. So, get it show ready and find a real estate company you can trust to help you get the most out of your investment.