Can You Sell After Spring Market?
Buying
Looking to sell, but not sure if you’ll be ready to list before the sun sets on spring? Don’t worry — during a time when the DMV real estate landscape is driven more by interest rates than anything else, gone are the days where the spring market is the only time to make moves. Wondering what’s right for you? Keep reading to learn why spring might not always be the optimal window for sellers today:
#1 Increased Competition
Understandably, since many sellers tend to list their homes in the spring, the market can become saturated as a result. Naturally, this increased competition can make it harder for your home to stand out amongst the competition and may require more effort in terms of marketing and staging to attract the right buyers.
Selling your home soon? Check out these other blogs for more tips and advice.
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- How to Buy and Sell at the Same Time
#2 Price Sensitivity
The more homes on the market, the more options buyers have — and the more selective they can be. This can lead to tougher negotiations and the potential for lower offers, as buyers may feel they hold more bargaining power.
#3 Higher Costs for Repairs and Improvements
The truth is, increased demand for home repairs and improvements in the spring can drive up the costs for contractors, landscapers, and other service providers. So if your home requires significant work to get it market-ready, these higher costs can eat into your bottom line.
#4 Timing Issues
Have specific timing considerations? From starting a new job to moving your children before the school year begins, the spring market’s typical timeline might not align with your personal scheduling realities. Our advice? Selling in another season to give yourself more flexibility when it comes to your distinct timing needs might be a better option for you.
#5 Weather-Dependent
While spring generally means better weather for showcasing homes, it can also be unpredictable due to rain and storms. The problem? Poor weather conditions on key showing days can negatively impact buyer turnout and minimize overall interest in your property.
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#6 Economic Conditions
Especially in a market like DC, the overall economy and housing market conditions can vary year over year. Factors such as rates, job market stability, and additional relevant factors might make a different season the better choice for selling your home compared to the typical spring market. The lesson to be learned here? Market trends and conditions should never be ignored when deciding whether to sell or stay.
#7 Personal Circumstances
Individual circumstances, such as health issues or family obligations might make another time of year more appealing. In need of a quick closing? Selling in the winter might yield less competition and more serious buyers who are motivated to move quickly.
Of course, at the end of the day, no one (not even us) has a crystal ball to tell you when it’s the perfect time to list your home. The secret? It all comes down to what makes sense for you, your family, and your future. Whether you’re more undecided than ever or already set on a path forward, we’re here to help.
Thinking about making real estate moves in DC? We’d be happy to help! Give us a call at 202.280.2060 or email us directly at jsmira@jennsmira.com.
