Is Spring Really the Best Time to Sell Your Home?
Days are getting longer again and the mercury is slowly rising once more – as spring unfurls itself so house hunters emerge from their winter slumber.
The spring is widely recognized to be a hotbed of activity in the property market and is a great time to list and sell your house.
Just as the natural world around us awakens after the winter, so does the world of real estate – and now is the ideal time to list for several reasons.
On a practical note, the ever-longer light evenings make it a sensible tome for would-be buyers to visit and view a property. Since this is often done after a day at work or the weekend, a buyer prefers to be able to see the whole of the property in detail which cannot be done on gloomy, dark evenings or when the yard is covered with a foot of snow.
It is important a buyer is able to get a clear and full picture of the house they are buying – after all for the vast majority of us it is by far the biggest purchase we make in our lives and one of critical importance for our lives, so we want to see all the good and less good aspects of the property before we commit.
And just as we enjoy watching our gardens spring back into life with bulbs emerging, new leaves, and flowers, so our houses look at their best – full of the promise of the year to come. As a seller, we definitely want to capitalize on that feeling of freshness and new life.
Families have a key incentive to move home in the spring – since a new address often means a new school for the children, they want to ensure they are fully moved in and embedded in their new home well before the start of the new school year in August, and even a fast home sale can easily take eight to 12 weeks to fully complete, assuming no hiccups or problems.
People want to enjoy the outdoors as much as possible in the summer months and are looking to have moved in and unpacked before the sultry summer days are with us, so they can get to work in their new gardens and relax now they have found their next home.
And if they are planning renovations and improvements, they will want to have scheduled contractors to take full advantage of the longer – and dryer – days to ensure projects are completed in a timely manner without foul weather intervening.
For the seller, if more would-be buyers are out there looking for their next home, it means more potential offers – and a better chance for a bidding war in your favor. Evidence from house sales data over many years show spring is conclusively the busiest sales time of the year – traditionally May was the busiest month but trends are indicating this has moved up the calendar with March being a sweet sport for sale.
If you are thinking of selling and looking for a new dream home, call Key Realty today to gain our expert advice on how to make the process as smooth as possible and have you in your new home as quickly as possible.