Let's debunk the myth that summer is the worst time of the year to sell your property.
Did you know that selling during the summer is one of the best times of the year?
Here are 10 reasons why:
Your property looks better during the summer, it is nicely landscaped and easier to access, as well as brighter.
#2 Visits can take place at long hours of the day which encourages buyers to visit in the evening as it is still bright outside.
Summer buyers are more serious, given that we only have a few months of good weather, if buyers are going to sacrifice their gorgeous weekends and evenings for visits, it is because they are serious and need to purchase.
The same goes for brokers, if a broker will take time to do visits during the gorgeous summer days and evenings they will make sure the buyer is 110% ready and qualified.
There is less competition, most people think the real estate market is dead during the summer and will list in the fall, therefore if you list during the summer you will have fewer houses to compete with.
Often those buyers were on the market months before but haven't been lucky finding their new home, therefore and by the time the summer comes they are less picky and more proactive to assure the transaction goes ahead.
Buyers will often have to act quickly as they need to be settled for the new school year or the new job that usually starts at the end of the summer, therefore they will be quick to act.
Doing visits during the summer, while there's a nice fresh breeze coming through, is way more appealing and advantageous to the sale than walking through the winter's stale air smells.
Everyone is usually in a better mood during the summer, which will add that good energy in the house and to the transaction throughout.
There are more transactions between July 1st to August 31st than between January 1st to February 28th, except in 2021 as there were more buyers than properties on the market.
See below for the stats:
If now is the right time for you, let's book a strategy call to get your house listed this summer.