The spring selling season is often the busiest and most frantic period of real estate activity in the calendar year. There are many reasons for this. If you are hesitant about selling your home soon, check out why this is the perfect to take the plunge and do it!
1. The Weather Is Ideal
One of the biggest advantages to selling during the spring is the beautiful weather. The sun shines brighter, and the temperatures are warmer, creating the ideal environment for potential buyers to spend time out and about looking at homes. During the spring, people come out of hibernation due to longer days and improved moods. Plus, once they find the perfect home, the conditions are ideal for moving and getting settled into their new space. When you list a home in the winter, you risk having to postpone open houses or individual showings if harsh weather strikes.
2. You Maximize Curb Appeal
Speaking of ideal weather, if you have stunning landscaping, it's hard to show it off when there's snow on the ground and flowers aren't in bloom. Listing a home in the spring means you can wow buyers with curb appeal and perhaps command a higher asking price. The springtime allows you to show your home at its best.
3. Home Renovating Is Easier
The nicer weather is perfect for making those repairs or renovations that will increase your home’s value. Contractors, tradesman, and other businesses are in full swing, meaning there is options for you to use. Use this time and invest to make your home standout!
4. Higher Demand From Buyers
In the spring demand is much higher due to many factors. Most notably, many families are eager to get into their new space before the start of the school year in September. For many families, the ideal time to move is the summer; therefore, to make that happen, they begin looking for a property in the spring. Most homes are larger family homes, and families with kids are the largest demographic in real estate.
5. Houses Sell Faster
With more active buyers, spring also means homes are likely to sell faster, especially if they are priced correctly the first time listed. According to market trends, most people who sell their home in May or June can expect to sell it 18 days faster than the other months of the year. The faster you can get your house off your hands, the less mortgage payments you’ll be responsible for and the sooner you can move into your next space.
6. Competitive Pricing Possibilities
The increase in demand and how fast properties are moving means prices can be a bit higher. The possibility of multiple offers and bidding wars is greater in the spring due to the number of buyers in the market. This is not a guarantee though and is dependent on many factors.
7. More Inventory for You
Lastly, the springtime is great to go house hunting. You’re selling your home, and probably need another one. Many people are listing homes due to the reasons above, meaning there is plenty of options for you to look at. Your dream home could be right around the corner!
If you are ready to list your home during the Spring selling rush, check out my “Sell Your Home” series on Instagram (@saskatoonrealty). It will give you quick and easy tips to prepare yourself, and your home, for the selling journey!