The climate for selling homes can heat up or cool down, just like the seasons of the year. When putting a house on the market, timing is everything. Here are four reasons why selling a home in the spring is a seller’s best bet.
Spring is the time for rising inventory and high prices
As the days become warmer and flowers begin popping up in front yards, so do the for sale signs. During the spring, the housing market becomes flooded with listings. The rise in inventory does not signify a drop in prices. List prices will increase, which translates into more money for the seller.
When the value of a home is being determined, it is being compared to recently sold homes that are comparable. With more homes selling at higher prices during the spring season, this will steady or increase the valuation of a current home on the market.
The spring season is aesthetically a prime time for a home to be on the market. During the warmer months, a home can be more appealing when the grass is green, the sun is shining and the flowers are blooming. The days become longer and the increase in daylight hours allows more opportunity for a home to be seen.
Sellers can look forward to increased foot traffic at open houses as buyers are more apt to get outside and look at a new home when they don’t have to bundle up and defrost the windshield. An increase in buyers can mean multiple individuals and families will be interested in the same property which allows the seller to be picky when it comes to the terms and the buyer.
The spring has been called the “prime season,” the “on season,” the “best season,” and the “perfect season,” to sell a home, according to Zillow.com, Realtor.com, and U.S. News & World Report. If possible, it’s in a seller’s best interest to wait until the spring season to list a home.