Spring is all about new beginnings. Traditionally considered prime time to sell real estate and the most popular and fervent selling season, spring is all about warmer weather, blossoming gardens and communities coming to life after a winter hibernation.
The more moderate temperatures can mean greater success for properties that might struggle in the depths of winter or at the height of the summer heat. But a lot depends on the home itself, the location and how it is marketed.
PROS
Fierce buyer competition
Spring is generally a hive of activity and the property market awash with both buyers and sellers. With a greater number of buyers out in force, if your property is sought after, it’s likely to trigger heated bidding between keen purchasers and that could push the sales price up.
Speedier, successful sales
Typically, homes listed for sale in spring sell faster and attain higher sales prices than those sold at other times of the year. The weather transition is a major contributor and buyers are usually motivated and ready to make a purchase.
Street appeal
If you’re looking for strong street appeal, you may not get a better time to sell than spring. The season is all about blooming flowers, lush, verdant gardens and sun shiny days. After the winter rains, spring can create beautiful gardens. And coupled with some pruning, yard clean-up and a good mow of the lawn, your home may create a better impression than winter with its weed infestation or summer when it can be dry and patchy.
Make maintenance a cinch
Those household chores that seem to pile up in winter will be a cinch in spring when the weather clears and you’re more motivated to get out and about. From pruning to painting to clearing gutters and eradicating the winter weeds, the warmer weather will make home maintenance a breeze.
Move in fine weather
If you are successful in selling your home during spring, the better weather will make moving house a whole lot simpler. Forget the headache of navigating moving day in wet or stormy conditions.
CONS
Work harder for your sale
While the spring season sees a proliferation of buyers to the market, it also means there are more properties for sale so you will have to work harder for success. There’s traditionally an avalanche of new homes to market, which will increase competition between your home and other offerings so make sure your home stands out and makes a good impression.
Endless options for buyers
Spring is sometimes seen as a buyers’ market because there are more options for them to choose from. Purchasers are also at liberty to be more selective so bear in mind that they’re likely canvassing a range of prospective new homes to find the best deal.
Busy busy
If you want to sell in spring you should factor in some additional time to navigate all the necessary processes. Real estate agents, building inspectors, pest controllers, gardeners, cleaners and property staging companies are all likely to be extra busy with the increased volume of listings and buyer activity.