You may have heard that spring is the best time to list your property for sale, but do you know why?
The real estate market goes through a number of cycles from year to year—some predictable, and some not. And while it’s not always possible to know what will happen from month to month and season to season, spring is usually an ideal time for sellers to get on the market, especially compared to the preceding winter months.
Here’s why spring is a great time to list, including some quick tips for making the most of the season to get your property sold faster and for more money.
Why is spring the time to sell?
Every spring, the birds start chirping, the flowers bloom, and the real estate market heats up with more inventory and more buyers looking to find that perfect place to call home.
In most of the country, March through May are considered to be the best time for real estate, with buyers seeing more properties for sale and sellers seeing an influx of showings and offers. Even in our current seller’s market, spring is still considered a prime listing time, and it’s wise to get your property up now if you want to take advantage.
Some of the reasons that spring is so optimal for listing include:
Warmer temps and sunny skies both bring out more buyers. Better weather also means more curb appeal for houses and more lush greenery on vacant land. Wait to take listing photos and videos until the drab grays and browns of winter have at least somewhat abated, and update visuals that you’ve already taken for your listing if they’re dated by winter weather.
Demand has been consistently high for a while now, but it’s likely to surge even more during the spring months. Buyers with families often wait until spring to start shopping in order to coordinate moving with school schedules. And even solo buyers tend to prefer waiting out the winter and hopping onto the market come spring. More homes being listed does mean more competition, but there should be enough buyers that you’ll still have no trouble getting people in the door.
Higher sale prices
According to The Mortgage Reports, people who sell their properties in May tend to see 5.9% higher purchase prices. They also sell 18.5 days sooner than at other times of year. These trends continue into June before they start to drop off. Work with an experienced real estate agent who can maximize your property’s exposure and negotiate the best deal on your behalf. And if you’re getting a lot of interest, try to be patient instead of going with the first offer you get—buyers have cash to spend and they’re often willing to go well above listing for the right property.
Spring is already here, so it’s time to make moves. If you’re ready to list, find a real estate agent you like and get the ball rolling. You can also make some improvements to your property now and list later in the season when the market is still at a peak, which could end up leading to even more cash in your pocket.
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