Summer is only several days away, and while many of us may spend the Summer time on the beach, others use this time as a fantastic opportunity to sell their homes. Since school is out for the summer, it makes it convenient for parents to transition into a new home. I’ve been on the opposite end of the spectrum and I’ve purchased each of my homes in the middle of winter. It would’ve been great to purchase a home during summer to avoid the cold, but it didn’t work out that way. Remember to use home sales trends as a guide, but don’t follow them to closely to the point where you may miss out on qualified buyers that are looking for homes throughout the year.
Some experts suggest that summer is a desirable time to list a home because you can list the home at a higher price due to low supply. If you plan to list your home on the Market during the summer, be sure to closely gauge the housing market in your area. You can do this by determining whether the area you live in is favorable for buyers or sellers. The area I live in is a hot real estate market for sellers year-round for 3 reasons:
1. There is a shortage of homes that are on the market.
2. Home prices compared to other major cities are significantly lower.
3. The city has a desirable job market.
Does the area you live in share these ideas? If it does, then you’re more than likely in a hot real estate market.
What happens if the housing market in your area isn’t as desirable? Then, ensure that your home presents well to most buyers.
· Put equity back in your pockets by painting the walls. Choosing a neutral palette works best because it’s highly appealing to many buyers.
· Staging a home has shown to increase buyer’s interest to make them willing to pay more for a home. See my tips on what I’ve done to stage my home.
· Don’t forget the curb appeal. Make sure that the exterior and landscaping of the home is taken care of. It’s a major turnoff for buyers to pull up to a home to see an unkempt home exterior and yard.
Remember if you’re trying to get top dollar out of your home, then you don’t want the home to appear as a fixer upper, but as move in condition in comparison to homes for sale in your neighborhood. There may be a home for sale that was newly renovated and another for sale that has minor renovations. Make sure your home falls in line with what’s closely on the market. A realtor will do a proper walk-through of your home to give you feedback on what items need to be taken care of to ensure you get what you’re asking for. If you take care of those things that’d make your home desirable, then whatever time you decide to list your home, you will have multiple buyers to choose from.