Now is Go-Time For Home Sales in Louisville, Kentucky!
Spring has officially arrived, with its’ longer days, college basketball tournaments, and spring break getaways! If you’re local to Louisville, you know this time of year is full of rain, flowers, and horse races. But did you also know that it’s the busiest time for our real estate market?
That’s right! Easter through Derby season has traditionally been the best time to buy or sell a house throughout the Louisville area.
If you’re thinking of selling your home this year, NOW is the time to make a plan and get the process started!
Here are five reasons why spring is the perfect time to sell your home:
1. More Convenient for Buyers
You hear about “location, location, location” when it comes to real estate. But “timing, timing, timing” should be a mantra there as well. Spring is a much better time of year for most buyers to start to focus on moving. It’s that simple.
Most buyers want to get settled into a new home before a school year begins. Buying in spring and having the summer to get adjusted appeals to many families.
Even those without kids find this time of year better for taking time off of work to move. With the lull of summer approaching, it means many buyers can catch their breath after the rush of looking for a home and moving.
And because of all of this, more buyers are out there looking at homes in the spring. And more buyers mean more opportunities for you to sell your home in a timely manner.
2. Longer Days
We spring forward in March and the days get longer in a good way. More sunlight and more time for buyers to go out and about looking at homes means more opportunity to sell.
Like most of us, buyers tend to hibernate during the winter months and prep themselves for these warmer days to search for homes. You’ve got a whole pool of potential buyers who’ve done their homework, got their financing, and will use these longer days wisely, particularly during the weekends.
Plus, house hunting in warm but not too hot weather is just much more fun and productive than other times of the year. Everyone is in a better mood and dreaming of a new home.
3. Better Curb Appeal
You probably agree that your home looks its best in the spring. If you have a well-kept yard with flowers, azalea bushes, dogwood trees, and lush green grass, why wouldn’t a buyer fall in love with it!
That’s why sellers take advantage of this bonus of better curb appeal in the spring. You always want to highlight your home’s best features and draw in buyers who can imagine themselves living there. Your patio, deck, porch, balcony, or yard can look so much more inviting right now than at other times of the year when it’s not as naturally appealing.
4. Higher Prices and Better Comps
More potential buyers means more competition from other buyers, which could increase the chances for bidding wars and, ultimately, a higher sales price for you.
Springtime is when these bidding wars are most likely to happen, although the lack of available homes has made bidding wars more prevalent than ever, no matter what season.
However, since more sales occur during the spring, your agent will have access to more comps that are reflective of the current market. This means that compared to other times of the year, the recent sales in your area could mean a higher asking price and more money for you.
5. Easier to Move to New Home
Even though you’re focused on selling your home, you’re probably also planning to relocate to a new home.
All the reasons that make spring more convenient for buyers also applies to your own experience as a buyer. Buying and selling can be stressful and chaotic and you want to do it right to avoid any major headaches.
Springtime offers you the chance to sell your home quickly for a higher price, which can help you purchase your next home. Plus, with many families juggling buying and selling at the same time, the timing often can be more flexible (longer closes to allow for school to finish, for example).
If you or anyone you know is thinking about selling this year, I’d love help! Reach out to me anytime to start making a plan. Let do this!
Hi, there!
I'm Jennifer Mutwalli, Louisville Concierge Agent!
I love helping people Right-Size, which means moving up or scaling back when their home needs change. I'm proud to provide a VIP level of service to all of my clients, making Buying & Selling Easier!
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502-709-0507
155 Thierman Lane
Louisville, KY 40207
jennifer@skeltoncompany.com
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