Thinking of selling your home in 2017? If so, you may want to consider speaking with an agent and listing your home in the near future, as we have recently entered the hottest season in the world of real estate. As spring progresses, with the blooming of flowers and budding of trees, potential homebuyers begin to come out of hibernation. In fact, it is estimated that 60% of buyers move in the summer months, meaning that they likely found and purchased their home in the spring. Here are my top reasons why spring is the best time of the year to sell your home:
Move in summer, settled for fall
While spring is a popular time to buy a home for many reasons, one of the most common reasons individuals prefer to buy a home in the spring is so that they can move into their new home in the late spring or early summer and be settled by the time fall rolls around. This allows a buyer’s children to complete the year at their current school, before possibly having to transfer schools for the coming school year. Not to mention that moving in nice sunny weather is far preferable to moving in the dead of winter, and buyers can utilize their summer vacation to get unpacked and settled in their new home.
When individuals purchase a home in the spring, they are often under less financial strain than other times of the year. By the time spring arrives, the bills and expenses accrued during the holidays are generally paid off and are a distant memory. Additionally, by mid-spring, most individuals have normally received their tax refund bill which they can put towards their new home deposit.
After spending all winter cooped up indoors, once the warm weather rolls around potential homebuyers are itching to get outside. This often translates into increased traffic during open houses and more home showings. Not to mention that your home will likely show better in the spring than in the winter. A green lawn, blooming garden, and budding trees can greatly enhance the exterior beauty of your home and help get the offers flowing. Also, yard work and home improvements are more likely to be tackled in the warmer weather and will not go unnoticed by potential buyers.
Wondering when exactly to list your home? After analyzing five years of GTA real estate data, one online real estate brokerage found that May had the highest home sales compared to any other month. They also found that if you sold your home in May as opposed to January, you were likely to get on average $60,000 more for your home. If you are looking to sell your home in the Quinte Region, particularly Belleville, Prince Edward County or Quinte West, please feel free to contact me, and I would be more than happy to help you with all your real estate needs.