With summer in the air, it is time to take that final step of putting a sign on the lawn (or getting that post on the cyberweb) – at least if the one of your to-dos is to sell your house, and get to the big move, while the weather is warm and comfortable.
Who wants to be moving in the middle of winter or fall, when it’s cold and wet? No one. These are the two seasons where everyone’s at home enjoying the warm comforts of their abode and good company.
Which seasons are peak for Real Estate
Spring and Summer are indisputably the best times to sell, and getting into the nitty gritty of it, researchers have gone through sales data time and time again, to show that spring and summer are indeed the best times to give your home the biggest exposure to would-be buyers, and get a healthy premium on your sales price.
Researchers have gone so far as to pinpoint the exact dates during the year which gross you the highest returns, and there’s 5 key calendar dates to be exact. One of them, February 15, is already a distant memory, but this shouldn’t discourage you.
We are just heading into the second round of key dates, and indeed the next date June 28 is just rolling around the corner. The remaining 3 dates will come in quick succession, so if you are considering, and have been in the talks about selling your home, now is the time to commit to it, put pen to paper, and get to work selling your home.
Get ready to Sell your house
Okay so June 28 is coming around quickly, where should you begin? Well first, a good house cleaning is needed, quite literally. If you are a home-owner occupier, this shouldn’t be a big issue, a few hours to tidy up, and you should be able to check this item off your list. Plus, you will do whatever it takes to get the sale completed, whether it’s hustling the kids (or your significant other) out the door for a quick impromptu showing, or keeping the place spic and span so you don’t have to worry about panic cleaning every time a showing is called.
If your home is tenanted, you have a few more considerations, and you will need to make sure to accommodate that there is a resident other than yourself at the home. What is convenient for you may not be convenient for your tenant. This is where clear friendly communication with the tenant is key. Making sure showings are on a routine schedule that fits with the tenant’s working hours and when they are less likely to be at home, would be a more convenient arrangement for both parties involved. If there are pets, as much as they are lovable, you do not know who will be stepping through that door (protect your animal friends, protect the humans, aatchoo!). Minimizing interruptions to your tenant’s daily routine is key, and the little gestures you can show for goodwill can mean a lot, whether it’s hiring professional cleaners before showings, or having an assigned dog or pet caretaker to take furry friends out for a short tour around the neighborhood. It also helps to give the tenant assurance that a home sale doesn’t mean imminent displacement. If your tenants are under a fixed term lease, they’ll have right to residency until at least the end of their term, and if the new homeowner will be needing to move in, ample notice will be provided, with a minimum 2 month leeway time if not longer.
For other references, click HERE to view our article on selling tenant-occupied homes and how to avoid landlord-tenant conflicts.
Unless you plan on being on call 24/7 (you never know who will be your lucky buyer), or being a chief coordinator and event planner (if the place is tenanted), your next best bet with making this home sale a seamlessly choreographed affair will be to hire a (qualified) real estate agent. Partnering with an experienced neighborhood agent can net you both more money and time. Putting someone else in charge of managing the sale of one of your biggest assets is daunting, but this is where you will devote your time to selecting, interviewing, and screening your agent candidates. Reach out to your social circle for referrals and don’t be afraid to ask pointed questions to your potential hires- remember, your primary job is to find someone who is knowledgeable, capable, and transparent in getting you the best value for your home. Once you’ve done your part as a recruiter, let the qualified agent get to the hard work to rally homebuyer interest, and fill out the paperwork to get you the highest bid price.
We are excited to share more information in the weeks to come, especially as we head into the busy season for real estate sales and buys.