Spring has finally sprung and, just like the seasons, you're finding your lifestyle has also changed. Maybe you're looking to sell your current home for something more modern, or perhaps your current home is too big and you're wanting to downsize to something more manageable. Whatever the reason, spring is the perfect time to sell your existing home in favour of a better one - and here are some reasons why.
1. Bigger Sale Price
Because spring is universally regarded as the best time to sell, more owners put their homes on the market - and for higher prices. Regardless of this, the market is driven by buyers who want to find a home before the season changes, or before the best homes are gone. In comparison to the demand, the supply of homes is less, allowing you to get a great sale price.
When the value of your home is assessed, the appraiser will compare yours to other homes in the neighbourhood and how much they're selling for. Here too, valuations tend to match demand. Because there are more buyers out and about looking for homes in your community, this will likely be reflected in your appraisal. This is a huge payoff when you get to list your home for a higher price.
3. Bidding Wars
Because of the spring's high volume of home buyers, you may get multiple offers on your home. Once a bidding war starts, you can bet you'll get an offer you won't be able to refuse. This also means buyers are under more pressure and won’t be making as many requests for conditions and/or changes. If they know someone else also wants your home, they aren’t going to waste time making special requests.
4. Curb Appeal
When it's nice out, you have the ability to give your place an entirely new level of curb appeal. The visage of your home is a huge selling feature and spring will help you with that. With the nice weather conditions, you have a better-looking lawn, more light, and more opportunity to spruce up the outside of your home.
Buyers may also feel pressured to find something as soon as the snow melts to avoid sacrificing summer holidays. Most people don't want to spend Calgary's warmest months out house hunting, so the sooner they're able to find something, the better. As mentioned above, it's also easier to find your home quickly and unpack at your leisure, rather than forfeiting your camping trip in favour of MLS listings.
Alberta's drastic weather changes mean most buyers want to be settled in before the fall. This is often because kids head back to school and families want to get themselves established without having to orchestrate a move and education options at the same time. It’s also far more convenient to move in the spring and unpack over the summer months.
For a seller, spring is the optimal time of year to get the most for your home. Just know there are tons of buyers looking to purchase a home and yours may be exactly what they're looking for. Happy selling!