It’s a well known fact that spring tends to be a busy time of year for real estate. Buyers and sellers alike are dusting off those winter blues and getting to work.
Whether you’re looking to start a new chapter by purchasing a home, or you’re cleaning every nook and cranny to get your abode ready for an endless stream of viewings, spring is the best time to do it!
Everything Looks Nicer In The Spring
Every climate has some form of winter. It might be brown grass, piles of mud or feet of snow. As the spring thaw begins, no matter where you live, things start to look just a bit more put together. In the spring, houses become a little easier on the eye, also known as curb appeal.
Potential buyers are browsing online listings or even taking a drive around to check out possible contenders for new homes, so it’s really important to take care when it comes to sprucing your property up for the springtime real estate rush. Even homes that have a stunning interior can be overlooked if the exterior appears drab.
Home Value Goes Up
While there is no rule set in stone regarding home value and the change of season, it’s a typical trend for home value to increase in the spring. The number of home sales increase significantly during the spring almost every year, and that alone has a large effect on the value.
If demand for housing goes up, then so do the values of the homes. Also, it’s not uncommon for those planning to put up a for sale sign in the near future to begin work on home interiors. New floors, countertops, cabinets or a few fresh coats of paint can do wonders for raising home value.
When values go up, appraisals follow suit. Appraisals take a lot of things into consideration, including the price tags on the houses around the one they’re appraising. Having your home appraised in the spring is a great way to get out what you’ve put into it.
Projections For The 2019 Market
The real estate projections for spring of 2019 are that we're heading for a slight increase. Typically you hear phrases like “it’s a sellers market”, pinpointing where the real estate scale is currently tipping. Trends are not looking spectacular in either direction, but if we had to choose, it is shaping up to be a good year to sell.
There won’t be any predicted shortage of buyers this year, so homes won’t be sitting on the market for months and then sold at unreasonably low prices. This can work in favor of buyers as well, as seller motivation is less likely to falter.
There are many components that affect the market, especially when spring rolls around. From a long winter, to government regulation changes, there are so many factors that play a part in the housing market.
In general, things are looking good for the market trends this spring, especially if you’re looking to list. Real estate can be finicky, but obtaining knowledge regarding market trends is a great way to get the most out of buying and selling property.