Why Spring is the Best Time to Sell Your Home
SPRING IS THE BEST TIME TO SELL YOUR HOME
Top Reasons You Should Put Your Home Up For Sale in the Spring
Are you searching for a new home? Do you have a property that you want to list for sale, but maybe you are not sure when is the right time? A Real Estate US News study shows that spring is increasingly the best time of year to sell a property. Even in markets that are regular throughout the year, spring offers advantages that sellers cannot argue. Some have gotten down to the best week of the year to list your home.
An abundance of tax dollars
Tax refunds are a huge reason that people begin looking for a new place to live. Having enough money to use as a down payment is often a catalyst that gets borrowers busy in securing a home loan, says Bankrate.
Families that have trouble saving money want to get it spent so that they do something useful with the refund instead of blowing it or using the funds on small purchases. People want to have something to show for the money they get back on tax returns after having so little during the last recession.
Potential buyers have a little cabin fever
Once the cold temperatures give way to sunny days and warm temperatures, people want to get out of the house. Home listings are excellent opportunities for families that were stuck inside to get out and enjoy the more seasonal weather.
Often, New Year’s Resolutions give way to bathing suit preparation. When people start moving around the neighborhood on foot or bicycle, signs for open houses are easier to spot.
Open houses offer a tempting chance to explore the neighborhood, see the design of other homes, and enjoy the fresh air. Plus, neighbors that sit outside and see the signs going up are likely to share the news with potential buyers or friends looking for a place to buy.
Word of mouth advertising is greater in offline channels in the warmer months since people are out and about longer with the sun going down later in the evening. Realtor says that blooming flowers help boost curb appeal and increase the chance of a fast sale.
You will want to find homes early
Buying a home in the spring can potentially take until fall before closing is complete when sales take six months to finalize. Buyers that need to get into a particular neighborhood before school begins have to look for a new place to live in the spring months if they want to get into the new home on time.
Having time to pack up the old house and get belongings to the new home takes effort that parents do not want to take away from testing and finishing up the school year. By searching for a new place in the spring months, the paperwork can be completed before children must begin classes the following year, in many cases.
The sooner parents can secure a property, the faster they can get the closing process over with so that they can settle into the new neighborhood or residence.
Beautifying your yard is easier in the warmer months
Curb appeal is an important factor in generating interest for a house. People looking to buy a home are more likely to step inside the homes where lawns look immaculate, and flowers are bright and abundant. Getting outside to perform yard work is easier when the weather is warm, so more homeowners are likely to be outside and making improvements in the spring.
These updates and repairs equate to home value. By making the property look fresh and vibrant, you invite potential buyers into your space welcoming them inside the front door so that they can envision themselves in the space. You are more likely to get a crowd of viewers in the spring months versus the winter because the weather is better and traveling is nicer.
Ways you can improve your chances of selling for top dollar before you put your home up for sale.
- Clean everything inside and out
- Replace or repair broken sidewalks, faucets, shingles, or lights
- Paint the interior and the exterior
- Use a bright color on your front door, mailbox, and outdoor furniture
- Plant symmetrical gardens or use pots to create an even design
- Add security lighting – motion detecting LED lights are a good idea
- Secure loose gutters, porch trim, hardware, or shutters
- Replace mulch from last year
- Add fresh, new flowers in varying heights and blooming stages
- Add living space to the yard with a pergola, arbor, or outdoor seating area
- Place gravel around focal points to minimize mowing time
- Use artificial turf to eliminate grass cutting
- Put in low-maintenance plants that do well in dry conditions or sunny areas
- Add large house numbers
- Renovate the mailbox
- Add energy-efficient windows
- Upgrade appliances that are staying in the home
- Put shiny, new faucets and fixtures throughout the house
Prepare for the sale before listing
After you get your home in tip-top shape, you may want to hire a staging agency to come and check out the space. An expert can provide advice about how to decorate the home to appeal to the most potential buyers. They can spot out things you might not think about like adding an accent wall with a neutral tone to draw the eyes to a top feature in the home.
Experts suggest that you go over the comparisons and be sure that you are setting the home price at the right number before you list it to avoid repricing or lowering the asking price down the road. Changes in the number can make buyers think something is wrong with the house.
Spring is here, so now is the time to get busy cleaning and decluttering your home if you are planning to sell it this year. The majority of buyers are already on the lookout for a new home, so if you have a list of things to finish, you might want to enlist some help.
The sooner you list, the better chance that you will get multiple offers or a higher than asking price for your property.
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