The timing of when you list real property for sale will play a major role in how much you profit from the transaction. Prices fluctuate based on many factors, but certain seasons see more buyer demand and therefore, higher home prices.
Those who have their properties ready for a spring listing can take advantage of the annual housing rush that occurs as temperatures rise. After being stuck indoors all winter, many people are eager to move to fresh spaces in the spring. There tends to be an increase in buyers on the market in the spring which can lead to sellers commanding higher overall prices for their properties.
What do those who want to list their property when the prices are highest need to do months ahead of time to prepare?
1. Prioritize any remaining projects
Do you have a very outdated bathroom or ancient appliances in the kitchen? Modern-looking kitchens and clean, inviting bathrooms are among the features that can drive up the asking price. Finishing a few last projects before listing the property can have a large impact on the final price. Addressing what aspects of your home may be the least attractive to buyers or pursuing projects that will have the biggest impact on the final sale price will usually be the best approach.
2. Start reducing possessions and décor
Even if you aren’t ready to move into another space yet, you may need to look into storage solutions. Whether you can make use of a pole barn on a relative’s property or need to rent out storage space, reducing your personal touches to the property to stage it for buyers to view will help you make the property look more appealing and will also simplify the final move-out process.
3. Push for springtime curb appeal
It is incredible what a little lawn maintenance and a few hundred dollars in annuals can do for the exterior of your home. A little gardening and cleaning can help buyers feel like they’re coming home the first time they see your house.
You may also need to start looking at a new property for yourself and tracking home sales in the area so that you have an idea of what similar properties currently sell for and how long they are on the market. Understanding the small moves that can lead to large returns will help those preparing to sell real estate this upcoming spring.