Our homes may be covered in a sheet of ice and snow but Spring is here when it comes to the real estate market. Today I'm seeing more buyers shopping and missing out on homes as the inventory is a little low in some areas, creating more competition for buyers. I believe now is a great time to try to sell your home but there are several factors to keep in mind if you're looking for that perfect moment to put your house on the market.
The Academic Calendar: Families with school-aged children often house hunt in late Spring/early Summer with the aim of moving in before school starts. Demand for homes with convenient proximity to desirable schools can uptick during the summer break and around other times of year when kids are not in school.
The Tax Calendar: Just after tax time in April, a flood of newly motivated buyers come into the market, advised by their CPAs that the mortgage interest deduction is their best bet for not having to write as big a check to the IRS next year. Fortunately for sellers, more buyers and more motivation means more demand.
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The Weather Calendar: Wintry weather conditions can dramatically cut down on the number of buyers who are out viewing properties. Most buyers will stick to looking at listings online till they see something they feel is worth seeing in person. This is why your home's online marketing needs to be stellar with beautiful photos and an intriguing description. If a buyer is willing to trek though the snow to see your home, they're very likely to be a serious buyer.
The New Year: A new year brings resolutions and plans for life changes such as career promotions and developing love and family relationships. Home buying tends to be a popular resolution among those with money on their minds this time of year. Marriage and babies are also big motivators for buyers looking to create their own nest.
So when is the best time for you to sell your home? Just ask your real estate professional! I can show you the current market trends and help you decide what is the best plan of action for you to to make the move.
Find out what's happening in Mediawith free, real-time updates from Patch.
If you have any questions or want to set up an appointment to get your home listed, just give me a call.
Kristy O'Connor
Realtor®
Weichert, Realtors - Media
606 E. Baltimore Pike, Media, PA 19063
c: 267.243.6434
KristyLOConnor@gmail.com | Facebook.com/kristyoc
