Pros and Cons of selling a home in spring

Pros and Cons of selling a home in spring

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If you like to follow conventional wisdom, you probably already know that spring is believed to be the best time to put your home on the market. And for this very reason, most homeowners list their homes for sale in the prime season, which begins in spring and lasts through early summer. The inventory of homes for sale goes up when there is more daylight and the weather is warmer. While there are many benefits of selling your home in spring, you should also be aware of a few drawbacks, so that you can make the right decision depending on your home selling strategy.

Pros of selling your home in spring

  • Curb appeal

Curb appeal can be one of the biggest factors in selling your home. This is the most common home selling tips that the majority of sellers believe they should follow. When selling a home in spring, you have the weather on your side because the curb appeal is usually at its best during this greenest season of the year. By following some basic steps such as landscaping and cleaning, you can easily improve the curb appeal and impress potential buyers.

  • More competition

Most people like to move into a new home before the new school calendar begins. Since the weather is also warmer, they get to inspect homes properly. So it is likely that you will be able to sell your home quickly because there are more buyers in the market in spring than any other season. If your home is in a good condition and located in a desirable neighborhood, you can even get multiple offers on you home, enabling you to sell your home faster and in some cases, more than the asking price.

  • Putting a price tag on your home is easier

Most professionals such as realtors and appraisers look at the data of recently sold homes in your neighborhood and perform a comparative market analysis (CMA) to come up with the asking price for your home. It will be easier for them to perform a CMA in spring because they have access to a lot of comparable data. It is because a lot of homes are sold in spring.

Cons of selling your home in spring

  • Unmotivated buyers

When you list your home for sale in winter, you will receive offers mostly from motivated buyers who are willing to brace the harsh weather and close the deal quickly. But in spring, you will come across many tyre-kickers who are in the market just to test the waters. They will waste your time and marketing resources.

  • Competition with other sellers

In order to compete with other sellers, you will likely spend more money and time on staging and marketing your home. Buyers will put more contingencies into the contract because they have a lot of options when it comes to the inventory of homes available for sale in spring. On the other hand, you can easily sell your home as-is without spending any money and time on marketing and maintenance in other seasons, particularly winter.

  • Lack of attention from professionals

Spring is the peak season for realtors, real estate lawyers, appraisers, title inspector and mortgage brokers. They usually handle multiple home deals at a time, so they will probably not be able to give their full attention to a particular deal. On the other hand, most professionals have a lot of time on their hands during off-seasons and will go out of their way to ensure that you are satisfied with their services.

So these are some of the advantages and disadvantages of selling your home in spring. There is no doubt about the fact that it’s the best season to sell your home, but whether you should list in spring or not depends on your individual situation and home selling strategy.

E2F Properties is Westchester County’s premier real estate redevelopment company. We would love to help you sell your home anywhere within Westchester. If you have a home that you need to sell or if you know of a property in your neighborhood that you think needs renovation, please call us to discuss your options! We are a solutions company and are available to help! (914) 999-2293

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