What is it that we know about spring and the real estate industry? Spring is undoubtedly the most active season for real estate agents. The real estate market is usually in full swing come springtime. The season is energizing and attractive and is known as the ideal time to put a home on the market. There are several benefits to gain from selling your home during spring, Let’s explore why spring is the best time to sell your home.
House-buying Demand High
Since winter is not known as the season for house hunting, it’s only fitting that after the bitter cold ends, buyers are pumped to get house-hunting when spring ushers in. Homebuyers are energized by spring’s fresh and rejuvenating weather to find their dream home. According to the National Association of Realtors, home sales increases significantly in the spring season, with sales activity increasing by 34% between February and March typically. Many homebuyers are more prepared to dive into the housing market because they have some extra cash from tax refunds and some even have holiday bonuses they’ve decided to add to their house-hunting budget.
Homebuyers Typically Want to Close a Sale Quickly
A flood of homebuyers usually enters the real estate market beginning in early spring because many desire to close on a sale ahead of summer lift off when life tends to become hectic. The summertime is hot and it’s not fun to tour a property in the sweltering heat, especially in hot and humid locations. Summer is when most homeowners prefer to settle into their new residence and enjoy summer events with the family. Closing the sale quickly also gives the homebuyer who’s moving with family to get their kids to end the school year without disruptions and to also become familiar with their new school in the new location ahead of the new school term.
May Sell Home For More During the Spring
Since spring homebuyers are energized to go house hunting when the season rings in, there will typically be a lot of buyers. This means that there will likely be multiple offers for you the seller and perhaps a bidding war to push to arrive at the ultimate buyer. Greater competition could dive up offers on your home and elevate the chance of you selling your home for more money than you originally had in mind. According to Mortgage Reports, in most regions, the best time to put a home on the market is during the first two weeks of May, and you can expect to sell 18.5 days faster compared to all the other months and for 5.9% more money.
If you plan to put your home on the market this spring, let Vision Builders help you to make the best selling decisions that will guarantee you the best return. Vision Builders can help you receive offers above asking for your home. Call us today to learn more about our services.