Spring is always a very busy time in the Real Estate realm. The weather is breaking and old man winter has finally left us. When it gets warmer and the sun stays out for longer, you can usually depend on the Real Estate market to heat up as well. After all, who doesn’t like to look for their next home in the great weather spring brings. There are a few other factors that make now a great time to list and sell that home. Here are my top 3 reasons on why you should sell your home this spring.
Lots of buyers and interest rates low!
Their has been a lot of activity in this early spring market, as Ive personally been in multiple bidding wars. Homes that are priced well per condition and location are only lasting a matter of days on the market. One could say, this is the result of more buyers than houses. Interest rates have held steady and are still favorable, so many buyers are taking advantage of it.
Things turning in the Seller’s favor
With the increased buyer activity and amount that are actively looking, the sellers seem to be in control at moment. What this means is, a seller priced correctly for location/condition can possibly expect a quick if not multiple offers once the home hits the active market. Year over year, the percentage of new listings has dropped and the number of sales has subsequently dropped right along with it. Now may be the time to get the home listed.
Is there a better time to do so?
Not only does the weather make the spring the perfect time, but there are other things to consider as well that make it great. Getting the home closed before summer and family vacations start is ideal, as well as well before the kids are back in school for the next school year. Factoring in all the logistics of those things, show you why the spring would be better to get that home sold.
I hope these reasons gave you some better insight as to why the Spring and in particular, THIS spring is a great time to get that home sold. As always, if you’re interested in getting that home sold, contact me today.