Are you thinking about selling your home but don’t know when to put it on the market? Now is the time to do so, there are many reasons to sell your home in the warmer months! Let’s jump into the Top 10 Reasons to Sell Your Home This Summer.
1. Buyers Are More Motivated to Purchase A Home In the Summer Months
One of the Top 10 Reasons to sell your home during the summer is because buyers are more active during this time, making it a great opportunity to market your home to prospective buyers. Usually with school being over and having nicer weather leads to more motivated buyers. Motivated buyers are more inclined to attend open houses, view more homes in person, and spend more time browsing home search websites for new listings.
2. Ideal Weather For Open Houses
Warmer weather encourages people to go outside and brings a greater opportunity for hosting a successful open house, while also showcasing the home in its full glory surrounded by blooming nature. The article 5 Reasons Summer Is A Great Time to Sell Your Home, points out that there is more daylight in the summer, this means that your house has more time to look its best. If your home has many windows and gets a lot of natural light, this can be great for you. Show off how your house looks in the daytime and use it as a selling point. Warm temperatures, sunshine, flowers in full bloom and green grass and trees are definitely part of the top 10 reasons to sell your home this summer!
3. There Are Typically More Buyers In the Market
Since buyers are usually very active during the Summer time, you will typically see a bigger buyer pool. This is also because those people selling or who have recently sold their homes are now looking for their new home as well. Given the fact that there is greater competition, sellers should be more inclined to make their homes look their best to appeal to the prospective buyers. Some things that can make a home stand out are cleanliness, clutter-free, freshly painted, neutral tones, and well-mannered lawn. If you know you’re going to list your home in the summertime, we recommend you take advantage of Spring cleaning!
4. Summer Weather Makes Moving Much Easier
During the warmer months of summer it is a lot easier to move than in the colder winter months. You won’t have to deal with freezing temperatures, ice or snow while moving your belongings out of your old home. Chances are more people will be willing to help you move during the summer months, kids have off of school and relatives and friends may be around more to help. On top of the warmer weather making moving out of your old home easier, there is an increase in homes on the market in the summer months allowing for you to find your next home with ease!
5. Summer Makes It Easier To Show Off Your Homes Outdoor Features
Another top 10 reason to sell your home in the summer, is that this is a great time to show off your home’s outdoor features. According to 6 Tips for Selling Your Home in the Summer You are not only able to show off your homes indoor features, but you can also show off your homes outdoor features such as a brand new pool, relaxing back patio, rooftop views, or your spacious backyard for pets and children. Of course these features are still there in the winter time but definitely do not look as good as they do in the summer months. If you are planning on selling your home make sure to do so in the summertime when you can present your home’s outdoor spaces to prospective buyers when they look their best!
6. Amazing time to Host Events At Your Home
One of the Top 10 reasons to sell your home this summer is that you can host events to generate excitement about your newly listed home. Some ideas for these include: lunches, classes on home decor or improvement, and wine tastings. On top of this, hosting events at your newly listed home can make for a great marketing opportunity. Events at your home will allow for buyers on the market to view your home and see what it has to offer. If there is a particular feature in your home like a living room with high ceilings or newly renovated kitchen, hosting the event in this space will help to show it off. You can discuss events like this with your professional Realtor, chances are they will be willing to help set something up.
7. Selling your Home In the Summer Will Make the Process Quicker
Selling your home can be made quick and easy during the summer months. It is very common for people to be looking to move during the summer, the amount of buyers in the market increases and many people are looking to buy a new home. According to the article 5 Reasons to Sell Your House This Summer chances are you will have many buyers competing for your home. If you’re concerned about having a quick close during the summer, the good news is that as stated by Quicken loans “You can expect closing on a house to take 30 – 50 days.”
8. Purchasing A Home In the Summer Is Much Easier Than In Other Months
When you sell your home, you may be worried that you might not be able to find another home in time for your move. This is not a worry you need to have when selling in the summer months. The amount of homes on the market typically increases, you will most likely will have many houses to choose from. This time of year is also a very common time for construction of new homes and apartments to wrap up which could benefit your home search greatly.
9. The Housing Market Will Never Be the Same As It Is In the Current Season
You should list your home this summer because the housing market will never be the same as it is currently. Right now it is a sellers market, meaning that there is a surplus of buyers looking for homes. Buyers want to stand out amongst other buyers on the market, this means that they may be willing to pay above asking price for your home, look over parts of your home that may need improvement, and be more willing to negotiate with you to ensure you accept their offer. Buyer’s demand is currently very high in the housing market and it has continuously been increasing. The real estate market is ever changing, and very hard to predict therefore if you’re thinking of selling your home, now is the time to list!
10. Higher Mortgage Rates Are On the Rise
The last reason to sell your home this summer is that rising mortgage rates have been a current topic of conversation amongst mortgage lenders and buyers for the last few months. Many people are hoping mortgage rates will fall back down to what we have seen during Covid-19 lockdowns, however, most mortgage lenders will tell you the opposite. If you want to buy a home, the time to do so is now before mortgage rates reach an all time high. “