Pros & Cons of Selling in Spring
You often hear of the Hot Spring Market when it comes to real estate. It can definitely be true and spring is historically the busier season for buying and selling homes. There are some pros and cons to buying and selling in the hot spring market.
If you are a Seller, you may be able to sell your house for more money. The thought behind this is that more people are looking to buy during this season. Families are considering moving during summer months while their kids are not in school. The weather is typically nicer for moving. Homes usually look nicer as the grass greens up and the flowers start blooming. All of these things can drive more competition – more buyers that want your home, which can increase the competitiveness and therefore the sale price.
If you are a Buyer, you may have more options available on the market to choose from. This can help by allowing you to see multiple homes and zeroing in on the home that you really want.
There are also cons that come with a competitive market – for both Buyers and Sellers.
For Sellers – there are more listings on the market during spring – which means more competition as you sell your home. If there is a similar home available and the price is lower than yours, that home may sell more quickly. In this situation, you’ll want to make sure your home is priced right, staged well, and cleaned up so that it shows well for potential buyers.
A competitive market for Buyers means it’s more challenging to get the home that you want. This can mean paying more than list price for a home. It can mean making a decision after just 1 showing or on the same day as a showing. That can add stress to the process or have Buyers choosing homes that partially meet their list of wants.
All in all – Spring is a great time to buy or sell – what matters most is that you are working with trusted partners through the process so you can navigate whatever the market brings your way.
Freedom Team Real Estate Agents (Kyle Meyer, Lauren Nobbe, Valerie Bohn) serving Appleton, Neenah, Oshkosh, Fond du lac and surrounding areas in Wisconsin. Check us out at www.joinfreedomteam.com or by contacting Kyle or Lauren at 920-410-7230 or Valerie at 920-232-8683.
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