Reasons why May is one of the best months to list your home
As the weather continues to warm up and the traditional school year nears its end, buyers will feel increasingly compelled to begin searching for a new home. So, logically, it makes sense to place your home on the market at the opportune time – especially if you have a well-maintained home located in a desirable neighborhood that gives you an edge over other listings.
Some other good news for sellers: National real estate sales statistics note that putting your home on the market in May usually equates to a faster sales time vs. most other months of the year.
The following is a short list of compelling reasons why placing your home of the market now is a good idea.
Timing of the search
It is all about the logistics of moving. Families look to move in conjunction the break in the traditional school year. Quite frankly, moving is inconvenient and involves inherent disorder. That reality is more manageable if children are out of school and have the necessary time to get back into a productive routine before heading back to “hit the books.” Besides, if a buyer begins searching in the month of May, the normal transaction period to close the deal can take place with plenty of time to get family and new-school logistics in order.
Buyers want to “seal the deal”
Just like in the auto business, buyers are serious in the beginning of the spring / summer season when the weather gets nice and a general feeling of optimism permeates the air. In the case of folks looking for a residential change, buyers will seek to find a desirable property and make a competitive offer to close the deal in anticipation of expected competition. That portends well for sellers. Aggressive buyers most often equate to full or over-asking offers.
The weather compliments home searching efforts
Warm, inviting days are complimented by plants and lawns in peak appeal. Before the weather turns overly hot and lawns, plants and trees begin to suffer from the taxing effects of the summer heat, sellers should take advantage of the pleasing visual environment to place a home on the market. Though admittedly exterior and curb appearance is not everything, homes are far more inviting when warm spring / summer days and nights offer soothing and refreshing respite in comparison to gloomy and inclement weather often found throughout the fall and winter months. Additionally, if your home has a shady and relaxing backyard oasis, you can highlight the desirable outdoor gathering area by placing comfortable seating in an appealing and conversation-facilitating arrangement.
Tax refund checks are sitting in bank accounts
In the most optimal of home-buying circumstances, buyers are not only motivated to search out listings, but also have financial impetus in the form of tax refunds. Of course, characteristic refunds will not alone be enough to purchase a home in Solano county, but the optimism created by a recent cash infusion could be enough to motivate buyers to make a residential relocation. Perhaps at the very least, buyers could use tax refund proceeds to make needed repairs at their own home giving them confidence in the higher probability of a quick sale and a corresponding search for another, more desirable home – that you would be more than happy to provide.