Springtime Surge for Buying & Selling
The saying April showers bring May flowers rings true with the arrival of Spring, the busiest season for those looking to buy or sell their home.
Whether you're looking to list your home or put roots down, you can expect a surge in inventory this Spring. This influx of homes presents an ideal opportunity for home sellers to showcase their property and provides an opportune time for home buyers to find the perfect home with more options to choose from.
According to Realtor.com Chief Economist Danielle Hale, “Where we are right now is the best of both worlds. Price increases are slowing, which is good for buyers, and prices are still relatively high, which is good for sellers.”
As the Spring home shopping season continues, we can look forward to buyers exploring a variety of new homes on the market and sellers preparing to list their homes with opportunities to receive price advantages. Dive into some key factors for individuals seeking to buy or sell their homes this Spring.
Homebuyers
Statistics show that with increased inventory, first-time and experienced home buyers can explore multiple housing options that align with more favorable mortgage rates and financing choices. The increased inventory also allows buyers to consider various properties, from condominiums to single-family homes, to find the ideal match for their requirements.
Additionally, the Spring season closes out the academic calendar year, giving homebuyers and their families more time to transition into new neighborhoods, workplaces, and schools.
Spring is also the perfect time for your Realtor® to help you negotiate home prices to find the perfect setting for your next chapter.
Home Sellers
By entering the market early, sellers can proactively address competition, improving the likelihood of a successful transaction with favorable terms. Not only that, but Realtor.com also concluded April to be the best time to sell when looking at the current market.
This Spring also presents a prime opportunity for sellers to enhance their property's curb appeal through landscaping and highlight any home improvements to attract buyers and secure a swift sale at a competitive price.
As Spring ushers in the peak season for home selling and home buying, your Realtor® plays a vital role in guiding you through the market. Whether you're a home buyer on the hunt for your dream home or a seller seeking the right buyer and favorable pricing opportunities, Realtors® are equipped to assist you every step of the way.
By RWorld Staff
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Source: Realtor.com and Florida Realtors®