Early Spring is without question the best time of the year to sell a home. The first two weeks of May correlate with the highest real estate selling prices during the calendar year, so you should target this window of time to list your home if you want to maximize your profit while selling in the warmer weather.
The reason why prices spike during May is the fact that many buyers are starting to look for a home to purchase during the spring. Many buyers don’t want to look at homes during the winter, and those with kids often want to plan their move for after the school year ends. Because of this, the market is saturated. The higher the concentration of potential buyers, the higher your home is inevitably going to sell for, assuming there’s competition.
When it comes to selling a home, there are a few things you should do to prepare the property. Winter is a good time to get your home fully inspected by a professional, which will give you a good idea as to what needs to be repaired. It is unwise to list a home that has damage, so it is critical to address any repairs that need to be taken care of. Not only is it necessary to make any necessary repairs, but you should also think about implementing some strategic renovations to maximize your resale value.
Renovating a home before a sale can put a ton of additional money in your pocket when your home actually sells. Many people are looking for things such as new appliances and granite countertops. The costs that are associated with making these types of renovations pay huge dividends when it comes to the increase in equity your home will experience. Not only are these types of renovations proven to increase equity dramatically, but your home is also going to be a lot more appealing to potential buyers. This is likely going to increase the number of offers you receive on your home, which should lead to your home being sold for a greater amount of money.
Curb appeal is also something that should be on your mind. The better you can make your home appear to the eye, the more interest your home is going to generate. The first impression means a lot, but the interior must live up to expectations, as well.
It is a great idea to hire a professional to stage your home, both inside and out. Having your furniture laid out correctly and obtaining professional photographs will go a long way when it comes to sparking interest from potential buyers who see your online listing.