Sell Now or Wait Until Spring?

As with every decision in life, there are pros and cons, and choosing when to sell a home is no different. There are many factors that need to be taken into consideration before deciding when to sell a home. Many homeowners believe selling a home during the fall or winter months is not a good idea and that the spring is the only time a house should be sold. This is the furthest from the truth. Certainly, most real estate markets across the United States experience a “spring market rush” every year. There is no doubt that the “spring market” is a great time to be selling and buying real estate, however, the fall and winter seasons may be the best fit for you for many reasons.

 

Here are several reasons why choosing to sell your home now may be a better decision than waiting until the spring:

 

1.    Less Competition, If Any!
One way that you can tell the spring real estate market has arrived is by driving down a street in your local community. In all likelihood there will be For Sale signs up all over the neighborhood! One great reason to sell your home now and not wait until the spring market is there is sure to be less competition.  The fewer number of comparable homes for sale, the greater the probability that a buyer will look at your home.
Simply put, it’s the supply and demand theory. If there are less homes for sale, there are less homes that a potential buyer can choose from, therefore increasing the demand for your home. Not only will less competition increase the probability for showings, but it will also increase the probability that an offer will be received, and you will get the maximum amount of money for your home.
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2.    Serious Buyers Are Out There
Homes are sold and bought 365 days a year, period!  Many homeowners believe that buyers aren’t out there during the fall and winter months. This simply is not the case. Serious buyers are always out there!  Some buyers may stop their home search because it is the fall or winter, but serious buyers will continue to look at homes, no matter what time of year it is.
 
3.    The Best Agents Are Always Up to The Challenge
Any real estate agent who tells you that the fall or winter months are a bad time to sell is not someone you want selling your home! A great real estate agent will know how to adapt to the current season and market their listings to reflect that.  A great real estate agent can make suggestions and give some of their tips on how to sell a home during the fall or winter seasons. If a real estate agent doesn’t have any suggestions on making your home more desirable for the current season, you should be concerned about the creativity they are going to use when marketing your home.
 
4.    Staging for The Holiday Season
Many sellers believe staging a home is the main reason a home sells.  While staging certainly helps sell homes, some buyers have a difficult time envisioning themselves in a home no matter what you do. However, there are some buyers who can easily be “sold” on a home because it is staged.  Simple “seasonal” staging such as adjusting the color of the decor or having an aroma in the air that is relative to the time of year can go a long way with some potential buyers and possibly be the difference between a home selling or not.
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5.    Mortgage Rates Are Low
If you’ve read about real estate in the past year, it’s likely you’ve read that the mortgage rates are very low.  You also probably read that there is an expectation that the rates will increase very soon. Since mortgage rates are so low right now, buyers are able to afford more expensive homes.  If mortgage rates increase over the fall and winter months while you’re waiting for the spring market, it could cost you thousands of dollars as it could eliminate many buyers from the real estate marketplace!  Less demand for your home will mean less money. Bottom line: take advantage of selling your home while the rates are this low.
 
6.    Quicker Transactions
Right now, there are fewer real estate transactions than there will be in the spring.  The fewer number of transactions means the mortgage lenders have less loans to process, attorneys have less closings to do, and home inspectors have fewer inspections to do.  
All of these factors should lead to a quicker transaction and closing for all the parties involved.  One of the most frustrating things for a seller to deal with while selling their home is not getting answers in a reasonable amount of time. A quicker transaction is going to be less stress for you.

 

By considering all the reasons above, you will be able to determine whether now is a good time to sell or if you should wait until the spring.

September Tips for Home Owners

Landscaping Tips That Can Help Your Home Sell

For some properties, landscaping can make or break a deal. Unless you’re selling a real fixer-upper, your home’s yard is an important part of the real estate equation. If you’re looking to put your home on the market, or you’ve already listed and you haven’t had a lot of interest, use these quick and easy landscaping tips to help your property stand out from all the others.

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COORDINATE WITH COLOR

If your home has a yard, don’t be afraid of adding accents with pops of color. Many buyers prefer a nice green lawn; if you don’t have a sprinkler system, your local home improvement store will have easy-to-use and affordable sprinkler units you can hook up to a garden hose to help revive any dying grass (unless you live in an area where summer water usage is limited). You can also add color with flower pots: plastic or terra cotta pots filled with annuals are an easy, cheap and quick way to spruce up a drab entryway, driveway or front porch. You don’t have to go overboard, one or two pots can do wonders.

PRESSURE WASH

Sometimes a landscape or outdoor area doesn’t need a complete overhaul to look brand new. When it comes to decks, fences, driveways, and any other outdoor surface that can accumulate dirt and grime, an easy way to freshen things up is with a good pressure wash. Pressure washing is cleaning a surface with a powerful stream of high-pressure water, much stronger than a typical garden hose. The water is strong enough to get rid of months and even years’ worth of dirt and debris on wood, masonry, brick and concrete.

You don’t have to go out and buy a pressure washer – many home improvement stores rent them out, and for the cost of the rental and a couple hours of your time, your home could look like new! It’s important to note that you will want to test the pressure on the washer prior to spraying your home since very high pressure can remove worn paint. Sometimes all a home or a patio needs is a good wash and it looks just like new!

 

 

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LEAD THE WAY WITH LIGHT

While it’s highly unlikely you’ll have many people come and view your home at night, a great and easy way to add to your current landscape is with lights! Whether it’s adding a new outdoor lamp, or putting in walkway or path lights (solar ones are readily available and environmentally friendly!), buyers love to see little details put into homes. Pathway lights are often overlooked by homeowners, but a home with outdoor lighting will always speak volumes to potential buyers. Spotlights are also a great and easy addition – LEDs can highlight specific areas, and complete units can be found for under $30.

DITCH THE DEAD PLANTS

A nice manicured yard always rates highly among buyers. But if half of your yard is dead, despite being landscaped, it’s a good idea to ditch the dead plants. Take a couple of minutes each day to check out your yard – grass, flower beds, pots, etc. – and pull out anything that’s dying or dead. While it’s definitely a plus to have flowers and shrubs, if they’re dead, you’re better off getting rid of them than keeping them around because dead plants do not add to a landscape.

MAKEOVER YOUR MULCH

Flower beds are a great focal point for any yard, especially when they’re a real show stopper. But if your beds look weathered or rough, they can be a definite turn off to potential buyers. An easy, affordable and sure fire way to spruce up a tired flower bed is by adding new mulch or other ground covers like bark chips or gravel to help make the beds look fresh and new. A yard that has fresh mulch will always draw in a buyer’s eye because the yard looks put together and cared for.

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Summer is a popular time for real estate and an even more popular time for your yard. If your home can benefit from a little yard TLC, don’t hesitate. The tips above are easy, quick, and they’ll certainly help your home stand out from the competition. In the past I have put new mulch out in the spring but forgot this year.  The local home improvement store, such as Lowe’s or Menard’s, usually has great sales on mulch in the fall.  Don’t forget to grab some colorful mums to brighten up your front porch.

Not a DIY type, ask your friends and family if they know any local landscapers.  You might be surprised how affordable they are!