Spring is the season of renewal and rejuvenation, and for homeowners looking to sell their properties, it’s the perfect time to breathe new life into their real estate dreams. As the flowers bloom and the days grow longer, the housing market comes alive with eager buyers searching for their dream homes. So, if you’re considering putting your home on the market, there’s no better time than the present to capitalize on the season’s energy and vitality.
One of the most significant advantages of selling in the spring is the increase in foot traffic that can lead to higher demand and more attractive offers. Buyers are more willing to attend open houses and explore neighborhoods in the milder weather, leading to a surge in interest and potential offers. Also, the season’s symbolism of new beginnings provides an added incentive for buyers looking to start fresh in a new home.
With all of these factors working in the seller’s favor, spring is a fantastic time to sell your home quickly and potentially for a higher sale price. So, let’s take advantage of the season and turn your real estate dreams into reality! And of course, if you live in Michigan, The Real Estate One Family of Companies is here to help you throughout every step of the selling process.
The Weather Is Better
During the spring, the weather is generally pleasant, with plenty of sunshine, light breezes, and moderate temperatures on the forecast. This creates the ideal home-viewing conditions for open houses and showings. Plus, your home will be flooded with natural light, creating a bright and cheery feel inside the home. And after closing day, spring is also an excellent time for buyers to move and get settled into their new home.
Curb Appeal is Superior
Similarly, the exterior of your home will shine in the spring, as flowers are in bloom and deciduous trees are green once again. The curb appeal of your home is extremely important during the selling process, as it creates the first impression for potential buyers and passersby. Spring is an excellent time to tidy up your yard so it’s looking its absolute best — just follow our list of ways to prepare your garden for spring!
Demand is High
Perhaps one of the most important reasons to consider selling your home during the spring? Demand is remarkably high. Buyers are simply more active in the spring, based on several of the above-mentioned factors, like pleasant weather and higher inventory — and others, like the busyness of the holiday season tapering off. Plus, many are motivated to get settled into their new home before the start of the new school year, so they begin searching in the spring with the hopes of moving during the late spring or early summer. Naturally, more demand typically means more offers for you.
Homes Often Sell Faster
This intense competition can create a sense of urgency among buyers, who will move more quickly on placing an offer. This means your listing may sit on the market for just a matter of days, as opposed to weeks or even months. And of course, the quicker you can get it off your hands, the less monthly mortgage payments you are responsible for. It’s important to list your home at a competitive yet reasonable price the first time it hits the market. That’s where you’ll rely heavily on your real estate agent, who understands the current market and what it takes to stand out!
…And for More Money
This influx of urgent buyers typically translates to more bidding wars. Plus, many people receive their tax refunds in the spring, which gives them more money to put toward a down payment or closing costs. So they are even more willing to go in a little higher or respond favorably to your counter offer. According to The Mortgage Reports, most Americans who sell their home in May can expect to sell it for 5.9 percent more money — and 18.5 days faster. They also note that in some markets, April or June are considered more profitable for the seller.
There’s More Inventory (For You)
It’s no secret that spring is an ideal time to list your home. As a result, inventory is often higher, as sellers are eager to get their listing in front of as many eyes as possible. While this creates more competition for you as a seller, it also provides more opportunities for you as a buyer, since you are likely to be in the market yourself — whether you’re staying in the area or moving elsewhere in the country. Ultimately, these prime market conditions benefit you in every way!
