As the snow begins to melt and the flowers start to bloom, the real estate market blooms as well. If you’re planning on finally putting up that ‘For Sale’ sign on your front lawn, then you’ll have to be prepared for springtime selling trends. It’s a great time to sell, but that doesn’t mean you shouldn’t do your research. Especially if you’re looking to make a nice profit off your home, you’ll need to know what selling in the spring looks like.
More buyers & more competition
Many buyers want to settle into their new homes during the warmer months, making it one of the best times to sell. If you want your home sold quickly, spring is a great time to enter the market. There’s a natural surge in buyer demand, so you’ll have plenty of traction on your home so long as you market correctly.
But the more buyers in the market, the more sellers looking to take advantage. While 58% of top real estate agents believe spring is a seller’s market, nearly half also claim inventory is on the rise. There may be more buyers looking to purchase your home, but you’ll have to compete against a lot more homes than you would in the colder months. Due to this competition, your home will need to stand out. But don’t worry, as there are many things you can do to stand out in this intense market.
Market your home
Amidst the heavy competition, the best way to succeed is by going above and beyond to make sure your home stands out. Therefore, you’ll have to pull out all the marketing tricks. Get professional photos taken and write a concise, informative online listing that can be accessed on top real estate listing sights. If your home is in an area with lots of foot traffic, make sure you’ve got curb appeal. Touch up the lawn, make sure the front door is inviting, and maybe even plant some colorful flowers outside.
Spring cleaning
It’s the simplest of tasks that will set your home apart from the competition. Declutter the rooms, open the curtains to let in some light, power wash the driveway, and sweep for dust. Clean and neat homes attract prospective buyers, so you’ll want to make sure your home is spick and span. In fact, 96% of top real estate agents recommend decluttering your countertops and junked up spaces to prepare your home for sale.
Along with decluttering, depersonalizing helps the buyers picture themselves in your home. That means, you’ve got to get rid of anything that makes the home yours. Remove the family photos, take your child’s drawing off the fridge, and stow away all your bowling trophies until the home’s been sold.
Know how to price
Overpricing the home is one of the biggest mistakes sellers make. In a normal market, pricing the home incorrectly could lead to price reduction after price reduction, lowball offers, and months of negotiation. Doing so in the competitive spring market is detrimental. Not only will your selling process be much longer, but you also may end up with much lower offers than those homes that were priced correctly to begin with. In fact, your home might not get the traction it deserves from most buyers who will overlook your home based on your asking price.
While the competition is fierce—as long as you do your research and know how to contend in the intense spring market—you should have no problem turning your home into a major profit!