Sunday, March 31, 2024 / by Maria Sims
The Spring Seller’s Advantage
While the best time to buy or sell a home is when you need to buy or sell, if you have flexibility in your timing, selling a home in the spring offers several advantages for sellers, making it a preferred time for many to put their properties on the market. Here are five reasons Spring is a great time to go on the market!
1. Higher Demand
Spring traditionally marks the beginning of the busiest home-buying season, as many buyers are eager to move and settle before the new school year starts. This increased demand can lead to more competitive offers for sellers.
2. Better Home Presentation
The spring season brings warmer weather, blooming flowers and trees, and longer days, all of which
contribute to making the most of your home's curb appeal. A visually appealing property can attract more buyers and potentially higher offers.
3. More Serious Buyers
Buyers who are shopping in the spring are often more serious about making a purchase. They want to close the deal quickly to enjoy their new home during the summer months, leading to a faster sale and, in some cases, even a bidding war.
4. Optimal Valuation Conditions
The active market in spring can lead to higher home appraisals. Comparable sales, or “comps,” in your area will likely reflect the high activity level, which can potentially boost your home's appraised value.
5. Timing for Sellers Buying Another Home
For sellers looking to purchase another home, selling in the spring aligns well with buying in the same season, as there is more inventory available to choose from. This can make the transition smoother, allowing you to also take advantage of the wide selection of homes on the market.
These factors combine to make spring an opportune time for sellers! If you are considering selling this year and want to see if now might be the right time to make a move, give us a call today – we are happy to provide a free, no-pressure, no-obligation assessment!
