Spring and Early Summer Are the Best Times to Sell Your Home in Suffolk County, NY
Spring is here in Suffolk County, NY and we hope you’re as excited as we are about the return of beautiful, balmy weather!
Spring is important to us (and maybe to you) for another big reason: it’s the time when activity in the residential real estate market really picks up and lots of homeowners decide that it’s time to sell their homes. According to a recent article in Bankrate, “Late spring and early summer are generally considered the best times to sell a house… While today’s (mortgage) rates are relatively high, low inventory is still keeping sellers in the driver’s seat in most markets.”
Warmer Weather + The End of the School Year = More Willingness to Move and Make Changes
For many Suffolk County homeowners, the advent of Spring brings with it a greater willingness to move and make changes. Some of this may be due to there being no snow, ice, or bad weather threatening to make moving difficult. Another factor is the end of the school year (making big changes during the school year can be very difficult for kids and parents alike).
The fact that so many folks are thinking of making changes right now means that demand from buyers will grow. And the fact that there still aren’t enough homes for sale to meet this demand means that sellers will likely see some serious perks. According to Rocket Mortgage, “homes that are listed at the end of spring and the beginning of summer typically sell faster at a higher sales price.”
Here’s another data point indicating that now – or in the next few months — is a great time to sell one’s home. According to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae, the percent of respondents who say it’s a good time to sell is on the rise (see graph below):
Thinking of Selling Your Home? Get Ready Now!
Getting your property ready to sell now – or in the next few months — will maximize the likelihood that you’ll get the very best price for your home. You don’t have to take advantage of this limited window of opportunity, but if you don’t, prepare to wait another year to maximize your chances of getting a great price.
A local real estate team – like Team Rita – can help you with this task. They will know what you’ll need to do in terms of maximizing your home’s curb appeal and make it most appealing to buyers in Suffolk County.
So, if you’d like to sell your home for the best price possible, reach out to us right now. You can get in touch with us by calling (631) 332-7897 or clicking on the “Contact Us” button below.
