4 Reasons to List Your Home This Spring

Verani Realty

listing your homePlanning on selling your home, but think that it’s better to wait until fall to list it? You may want to reconsider. There are substantial benefits to putting your home on the market right now, and those ideal conditions may change by the time September rolls around.

Here are some benefits to listing your home for sale right now:

  1. Statistically, the best time of the year to sell a house is the spring.

Buyers usually are plentiful during the spring, and they may still have their tax refund checks sitting safely in their savings account. Also, spring buyers have a lot of competition from all those other buyers who start searching this time of year. This often make buyers feel compelled to pay full price or even enter into a bidding war for something they really want. In fact, sales peak in the spring, which is probably why about 60% of people who move do it during the summer.

  1. Mortgage rates are on the rise, and that will eventually affect buyers.

Mortgage rates have increased by one-half of a percentage point so far this year, but it has not  impacted buyer demand.  In fact, demand continues to grow this spring. But, if rates continue to inch upwards as predicted by experts, it may impact buyer demand by as soon as September. To sum it up, everyone is predicting higher rates, and today's rate might be as good as we'll see for years to come.

  1. Buyers have less time to look at homes in the fall.

Spring and summer have longer daylight hours in which to view homes and more relaxed schedules for many families. With warm weather, sellers can really show off their outdoor living spaces and landscaping to their best advantage. Also, by mid-June, kids are not involved in after school sports and activities, and some people find that expectations on the job are more relaxed during this time of year. In contrast, fall brings the hustle and bustle of back-to-school for some buyers, more commitments, and darker evenings that make it harder to see houses after work or school.

  1. It’s a seller’s market now, but it might not be in the fall.

Market experts are predicting that the seller’s market we have been experiencing (where the demand for homes from buyers exceeds the number of homes available for sale) may ease by September- perhaps to the point of becoming a balanced market. This means that buyers fighting over your home this spring may have more options to choose from come fall.

There is no “best” time to list your home, but there are times when it makes sense not to wait. With the current seller’s market, a prediction of changing conditions and rising interest rates, and the advantage of long days and beautiful weather, now is a great time to contact your Realtor and list your home for sale.

Previous PostNext Post




MLS Property Information Network. Inc. The Total Listing Service
Neren MLS New England Real Estate Network
Maine IDX
Equal Housing Opportunity

©2020 MLS Property Information Network, Inc; The information in this listing was gathered from third party resources including the seller and public records. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. 
Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 28, 2020. 
Maine Real Estate Information System, Inc. All Rights Reserved. Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.

© 2020 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity. View our Privacy Policy

Website Powered by Real Estate Web Solutions

©2020 Real Estate Web Solutions, LLC. All rights reserved. realOMS Login | Switch Mobile Site