Best Time To Sell Your Home
The warmer months of the year typically have the most homes on the market. People start shopping for new homes around Spring Break with the hope of moving over holiday weekends like Memorial Day weekend or moving during the summer when it has the least impact on their family’s schooling. Real estate market trends have changed dramatically between 2009 – 2019. This year is already showing its own set of problems. People are using the internet to view , sign document and purchase homes . The June national median listing price was $342,000. Compared to last year it is up 5.1 %. Home sales are slightly slower but with higher sales prices. Interest rates are low and home prices should rise slower. This guide will give everything you need to sell your home during peak season.
When are the best months to sell my home?
May, June, July and August make up 40 percent of annual home sales volume, with an average of 2.1 million purchase transactions during this period according to the National Association of Realtors. The most popular date to close a property is June 28. Home Buyers are eager to buy and move into new properties before school starts in the fall.
Increase The Value of Your Home
Your home will sell faster and for a higher amount when people love to see it. Aesthetics are extremely important when selling your home. Your home will sell for the most money when it looks the absolute best. A few dollars spent at the local plant yard can yield huge results. Petunias are brilliantly colored and easy to grow. You need to have it the cleanest and least cluttered as possible.
Other Factors To Keep In Mind
The most common reasons people move are starting a family, job relocation and affordable housing. More people will move from large cities to smaller suburban communities. The demand for affordable housing will increase. There are also a few drawbacks about selling during the summer time. The demand increases while the supply stays stagnant or less than average. Home Buyers want more features and cost associated with home staging increases as service professionals deal with more demand. All these factors contribute to higher selling costs compared to the slower months. Changing Demographics among homeowners can impact home sales. Millennials or Generation Y are interested in low maintenance homes with smart appliances and energy efficient designs. They are pragmatic on living in area near public transportation.
Home Warranty Coverage And Real Estate
As a buyer, buying a home is often the biggest purchase they’ll make in their lifetime. The last thing you want to think about is expensive repairs or replacements. This is where a home warranty is often used to provide peace of mind to the buyer. Home warranties are a powerful selling tool for homes. Homes with warranties often sell for an average of $2,300 more, and 11 days more quickly than homes without warranties. At Global Home Protection we have a nationwide network of contractors that are available for same day service. We have a 24/7 claims department and parts suppliers in the Carolinas. To get started with our most comprehensive plan sign up and call us today and receive an additional $150 off and also receive 1 month of service free. Call 877-660-1621 to receive a free quote !