Top Reasons to Sell Your Home This Summer
Summers are the perfect time for vacations, pool parties, and barbeques. Unfortunately, most people are unaware that summer is also a great season to prepare and sell a property. As the temperatures are becoming hot, so is the real estate market. In addition, school ends now, making summer the perfect time to move into a new home. However, there are more compelling reasons to sell your home this summer. But, we do need to analyze them a bit more, so we will detail them further in this article. Continue reading to find out why selling your home this summer is a smart move.
Higher Demand
During the summer months, more homeowners list their houses for sale, but more people are also looking for properties. Furthermore, those looking for a property in the summer are frequently quite serious about moving quickly. Home buyers often miss out on a great property during the spring, so the summer is their second opportunity. That means you will most likely receive a competitive offer from a buyer anxious to move into a new home as soon as possible.
In addition to general demand, it’s important to look at your local market. In many areas, demand increases as families move before the school year starts, but some markets may see less activity. Researching your specific area’s real estate trends can help you set the right price and timing for listing.
Of course, just because the demand is high doesn’t mean that you shouldn’t do any work. Quite the contrary – you still have to stage your home for sale and quite possibly take care of some home updates that have been demanding your attention for quite some time. One of the most important aspects of selling in the summer is ensuring that your home has great curb appeal and is properly staged for maximum buyer interest. Buyers often make snap judgments based on the first impressions your home gives, and staging can significantly increase the appeal. Summer is the perfect time to showcase outdoor spaces as well as interior spaces.
Better Prices
When there is a greater demand for properties, your chances of obtaining a better price improve. Your possibility of increasing the price can also be more aggressive than during the winter months. Then, there is a low demand for homes, making it harder to gain a little extra. In addition, during the summer, you have the advantage of more real estate data. Because more properties are selling during this period, it is easier to make a comparison.
However, you can always boost the value of a property by hiring professional home stagers. They can make your home look more beautiful, modern, or luxurious. That will help you sell your home faster and for a higher price whenever you need it.
More Showings
During the summer, you have more daylight. As a result, you have more time to show off your home during the day. Your home will also look its best with lots of natural light. As you probably know, proper lighting can make a small room look bigger and brighter than it is. Furthermore, while the sun is still out, buyers can see how much light there is in the yard or garden. Not to add that, if you have already moved out of the house, you have a significant advantage. Unlike in the winter, you do not need to leave the lights and heating on while you have showings. Moreover, buyers like to spend time out of their houses during summer, so they are more likely to attend an open house.
Energy Efficiency and Features
With the heat of summer, buyers are often attracted to homes with energy-efficient features such as air conditioning systems, energy-saving windows, and well-maintained insulation. These features can be a significant selling point in hot weather.
Easy Moving
Another reason to sell your home this summer is that it’s much easier to relocate during the warm seasons. After all, nobody wants to handle and transport furniture in freezing temperatures. Therefore, almost all buyers will prefer to have a new property before the end of the summer. At the same time, you will also have to move if you sell your home. That implies you will have to leave quickly so your buyer can settle in as soon as possible. Fortunately, you can have a quick process if you hire movers who can provide you with the fastest way to move and pack to Florida. Moving around Florida, for example, can be done much easier and less stressful with the assistance of expert movers. They can pack and unpack your items, store them, or transport them safely whenever and wherever you need them. In the end, you can move quickly enough to enjoy the rest of the summer with their help.
Easy Buying
The best time to sell and buy at the same time is during the summer. There are enough properties for you to choose from and enough buyers for your home. And as we have mentioned before, you have more time to go house hunting, and others have more time to view your property. Simultaneously, you have more time to prepare your home for sale and find a buyer quickly so that you can focus on house hunting. Selling and buying at the same time can be a challenging yet rewarding process. Summer provides you with the flexibility to move at your own pace. However, it’s important to be aware of potential challenges such as market fluctuations or extended closing times. Ensure you have a reliable agent and financing options in place to handle both transactions smoothly.
Faster Closing
You understandably want to sell and move as soon as possible. However, the closure procedure is time-consuming. On average, a house sale takes 58 days in January, and closing times can increase in some situations. For example, when real estate markets strengthen or mortgage lenders receive a larger volume of loan applications. At the same time, if you close on a deal during the summer, let’s say in June, you may need just 42 days. Therefore, perfect timing is one of the best reasons to sell your home this summer.
School is Over
Even if it might not seem important, vacation time is much better for selling or buying a home. If you sell during school time, you might not have enough time to dedicate to showings. You will be split between your job, picking up and dropping off your kids to school, and helping with their homework. If you buy a house during the semester, it is tough to switch schools without risking your children falling behind. As a result, selling and getting settled into a new home before school starts is the best.
In Conclusion
With rising mortgage rates and property prices, this summer is an ideal time to sell, whether you want to upsize or downsize. However, it is not an easy decision, so we made this list of reasons to sell your home this summer. Read it carefully, put all the pros and cons on paper, and draw the line. That way, you can make the best decision for yourself and your family. If you decide to sell, hire professionals to help you stage your home and boost its value. By doing so, you won’t regret your decision.