Do Home Prices Go Up in the Summer?
Given the importance of a real estate transaction to your overall financial future, it’s understandable that you would want to look for every possible advantage. One area where some buyers and sellers look for an edge is timing – by buying or selling at the right time, is it possible to get a better deal? Specifically, summer seems to be the focus of many of these discussions, so this article will take a closer look at what happens to the real estate market when the temperatures rise.
As Greensboro Realtors, Smith Marketing has experience working with everyone in the market, from Greensboro custom home builders all the way to individual buyers and sellers. Wherever you find yourself on that spectrum, feel free to reach out to the Smith Marketing team right away to learn more about their services.
A Common Belief
Let’s start by talking about why this would be a question in the first place. It is a belief held by some that house prices are higher in the summer simply because more people are looking for homes when the weather is nice and it is more welcoming to think about moving. With more competition in the summer, as this theory goes, there are more offers placed on available houses, and the prices are driven up.
Is It True?
There does appear to be at least some truth to this idea. Data indicates that prices do tend to go up a bit in the summer before retreating slightly when the weather cools off once again. So, if you are thinking of selling your home, it might be a worthwhile strategy to consider putting your home up on the market in the warm weather to take advantage of the busyness of the market at that time.
Of course, you might not have the flexibility in your schedule to make this work – and that’s okay. For instance, if you need to move for work, you might have to put your home up for sale right away, no matter what time of year it happens to be. And that’s just fine. While prices do tend to perk up a bit in the summer, it’s not a dramatic change. You can secure a fair market price on the sale of your home any time of year.
What About Buyers?
The message for sellers is that it may be possible to get a little more for your property if you sell in the late spring or summer months. So, if possible, it makes sense to list during that time of year. But does that mean that buyers should only shop during the off-season when prices are suppressed?
Not necessarily. Sure, prices might be slightly lower in the winter months, but inventory will be significantly lower, as well. As a result, buyers will have fewer properties to pick from and might have a harder time finding something that suits their needs. Your best bet as a buyer is likely to just start looking for properties whenever you are ready to move. If one comes along that is the right fit for your needs and suits your budget, it doesn’t much matter what the calendar says – you can put in an offer and try to close the deal.
5 Inexpensive Home Improvements That Add Value to Your Property: Make Your Home Stand Out!
If you have started to think about selling your home, you might be wondering what you can do to make the property as valuable as possible for prospective buyers. While there isn’t anything you can do about the overall market conditions, you can take some inexpensive steps to position your home to be as attractive to buyers as possible. By using some or all of the ideas in this article, you can put up your listing with confidence.
The top team associated with Allen Tate Realty, Smith Marketing is the ideal partner for your upcoming sale. These are some of the leading Realtors Greensboro has to offer, so you’ll get accurate, reliable answers to all of the questions you have about selling your property. Get in touch right away to get started.
1 – New Fixtures
This is a great way to upgrade your home quickly because not only can fixtures be rather affordable, but they are easy enough for most people to install with just basic tools. For example, adding fresh handles and pulls to your kitchen drawers and cabinets is a task that requires little more than a screwdriver and some spare time. For an older home with worn fixtures, these kinds of updates can make a huge difference.
2 – Fresh Paint
You’ll probably see this piece of advice in plenty of places, and that’s because it’s such an easy step to take. Paint is pretty inexpensive in most cases, and unless you have extremely tall ceilings or spots in the house that are difficult to access, you might be able to do the work yourself, but the best results will come from a professional painting crew. Your real estate agent will likely be able to help you with a recommendation for a quality painting company. And remember If you are painting with the intention of selling the house in the near future, set aside your personal tastes and opt for simple, neutral shades that will appeal to a wide range of buyers.
3 – Move Out the Clutter
Okay – so this isn’t technically a home improvement project, but it can make your house much more attractive to potential buyers once it hits the market. It’s never too early to start getting rid of things that you don’t need anymore to free up space and make the house feel bigger. There is a good chance you’ll be able to find quite a few things around the house and garage that can simply be thrown out once you start looking closely, and you’ll probably find even more that can be sold or donated.
4 – Improve the Landscaping
This is another point that requires minimal financial investment, as long as you are willing to do some hard work. Making sure your landscaping is in good shape when the house hits the market will boost the curb appeal and offer buyers a great first impression. You don’t need to be a master gardener to make big improvements here – just clean up the yard, remove weeds, keep the lawn green, and consider adding a couple of flowers for color.
5 – Professional Carpet Cleaning
Another point on the list that calls for bringing in the professionals is this one, but you’ll likely find it to be well worth the investment. Professional carpet cleaners have access to tools and equipment that aren’t easily available to the consumer, so you can expect to get great results for only a modest investment. This step is worthwhile for all sellers, but it’s particularly valuable for pet owners, as those pets may have been hard on the carpets over the years.
Minimize the Hassle of Selling Your Home with Our Expert Strategies
Selling your home is a process that has a reputation for being particularly difficult to navigate. You have probably heard horror stories from friends or family members about home sales gone wrong, or tales of having a house sit on the market for months on end without much interest from potential buyers. While the last few years have seen a real sellars market some people are concerned that a little but slower market means they can’t sell their home quickly for a good price. If such fears are holding you back from selling, this article should help give you the confidence needed to move forward.
Smith Marketing is highly experienced in the task of putting up Greensboro homes for sale and getting great offers in short order. To work with a Greensboro real estate team that is sure to deliver and exceed your expectations, reach out today to learn more.
The Right Partner
First and foremost, working with the right agent is your best bet for avoiding hassles in the selling process. You simply can’t overestimate the value of an active, respected agent in this process. With a good partner on your side from the start, the little roadblocks that come up along the way will be dealt with quickly and you can stay on track toward closing a deal much sooner than would have otherwise been possible.
Opt for Professional Photos
In the digital age, it’s pictures that sell houses. Almost everyone who is looking for a home is going to first interact with that home by viewing some images online. Then, if they like those images, they will reach out to an agent or try to set up a showing. If the images fall flat, however, they’ll just move on.
Hiring a professional to take your photos is more than worth the investment in the end. Real estate photographers know how to frame their shots to make the house look great. Specifically, they’ll aim to make each room look large and spacious, which is one of the first things prospective buyers are going to want to see.
Plan for Showings
You aren’t going to be able to sell your house without having at least a few showings for prospective buyers to check it out and see what they think about it in person. Those showings are going to be a little disruptive, so think about where you will go and what you will do while they are underway. This is particularly important for people with kids or pets to consider.
What Comes Next?
Many homeowners go into the selling process without a clear vision as to what will come next. They may be unsure that their house is going to sell quickly, so they just wait to see what happens with the listing before doing anything else.
This approach can quickly turn the selling process into a major headache. You need to have a clear vision of what you are going to be doing when the house sells, and how that transition period will play out. Are you going to be purchasing another home? Moving into a rental? Whatever your intention may be, having clarity around what is going to happen will help to limit the stress when the offers start coming in and the process accelerates toward closing a sale and with the right partner by your side, you can have the confidence to move forward.
How to Maximize Your Home’s Value in Greensboro’s Competitive Market
Everyone wants to get top dollar when they sell their home. This might be the largest financial transaction of your life, after all, so it only makes sense to do your best to get as much as is reasonable out of the deal. Of course, the buyer on the other side of the table wants to get a good deal as well, so sound strategy and wise negotiating will be essential. This article is going to present some fundamental tips to help you sell with confidence.
An Allen Tate team with a outstanding record of success in the area, Smith Marketing is a Greensboro Realtor that you can trust with the important task of selling your home. Get in touch today to get started.
Get Rid of Stuff
One of the best things you can do for the value of your home on the open market is also one of the easiest – get rid of stuff. You should significantly decrease the volume of stuff that is in your home when you get ready to put it on the market. This can be done by selling, donating, or throwing away things you no longer want, and you may also choose to move some of your things into a storage unit where they can be kept until the new home is ready for your family.
Add a Coat of Paint
Paint is affordable to purchase, and if you apply it yourself, the whole process might not cost more than a couple hundred dollars. Fresh paint helps a house to feel new, and you’ll quickly cover up any notable blemishes that the old paint had picked up over the years. When painting with the purpose of listing your house, choose neutral colors and target rooms that will be seen most prominently during showings.
Tend to the Landscaping
You don’t need to do anything dramatic with your landscaping in advance of listing your house for sale, but you don’t want the yard to be a mess, either. The name of the game here is making sure the property is neat and tidy, rather than covered with weeds and overgrowth. Spending a weekend just cleaning up your yard and the areas around the house will go a long way toward impressing potential buyers when they stop by to take a tour.
Tend to Minor Maintenance
The little things can make a big difference when trying to maximize the value of your home. It’s important to think about how much something will cost to repair as compared to how much it can boost the sale price in the end. Sometimes, small repairs can make a big difference.
For instance, if the knob on your front door is rattling or jiggling, consider replacing it with one in proper working order. That’s a very small investment in something that everyone who comes to tour the house is sure to notice. Go around the house and pick out any minor maintenance points that can be addressed promptly to make sure your home puts its best foot forward once showings begin.
Strategies for Selecting the Best Neighborhood for Your New Home
Whether you’re looking for a new home or planning to build, it’s an exciting time. But it can also be stressful. There’s so much to think about from the size of the home and yard to the neighborhood you want to live in. All of it is important, but the neighborhood is arguably the biggest factor to consider when choosing a home. How will you know what neighborhood is best for you and your family? This guide, with the help of an experienced real estate agent in Greensboro, NC, will give you strategies for selecting an ideal neighborhood.
Research the Schools in the Area
If you have children or plan to have any, the school district for your neighborhood will play a big part. Research the schools in the area and determine which school or schools you would prefer your children attend. Will your children attend public school? Then the neighborhood you move to will determine where they attend. If you plan to send your children to private or charter schools, the public school district will not play as big of a factor in your decision. However, in the case of most private and charter schools, you will be your child’s transportation to and from school, so make sure you don’t set yourself up for too long of a drive twice a day.
Convenience to Work, Activities, and Daily Needs
Think about the places you go on a daily basis. You will want to choose a neighborhood that allows you a reasonable drive to work and any other place you need to go regularly. Think about proximity to grocery stores and how close you wish to be to the errands you run on a regular basis. Do you have a church you attend? A gym you prefer? These are all important things to consider when moving to a new neighborhood.
City, Suburbs, or Country?
Think about the type of lifestyle you want. Do you want to live on a city block where you can walk into town as often as you like? Are you looking for a suburban home in a nice development with neighbors and community amenities? Or do you want to be way out in the country with a big piece of land and some peace and quiet? If you’re not sure what you want, look at a variety of different homes and properties in different neighborhoods. Stand in the front or backyard and look, listen, and feel. You’ll get a sense of each place and you’ll know if it’s right for you.
Smith Marketing and Allen Tate Realtors® Will Help You Find Your Ideal Neighborhood
Meet with an experienced real estate agent and your thoughts and ideas can be channeled into a productive property search. Smith Marketing lists homes and home sites with lots of information, including neighborhood details that can help you decide if a property is in an ideal location. Your Allen Tate Realtors® can show you just the ones that match your criteria, streamlining the process and making your life easier. Call (336) 215-7880 to speak with a real estate agent today.