Spring is often considered the best time to sell a home. The statistics back this up, with a large percentage of home sales occurring in just a few short months. So what makes this season so popular for selling? In preparation for the spring market, here are the top 3 reasons to list your home during the spring season!
Schools out for summer
For families with children, one of the biggest factors that draw them to the spring market is the end of the school year. Many families prefer not to pull their kids out of school half way through the year, so finding a home in spring means they can move during summer break.
Even those without kids find this time of the year better for making a move. It’s often easier to get time off work in the spring and summer, and it’s more enjoyable to relocate when the weather’s warm. So no matter who your demographic is, spring is a highly attractive season to sell.
Longer daylight hours
As the days get longer and the weather gets warmer, homebuyers become more motivated to see homes. After all, who wants to look at homes in the dark when it's cold and snowing? Buyers tend to hibernate in the winter months and prep themselves for the warmer days ahead.
Homes also show better in the daylight, which is a bonus for sellers. First impressions matter, and if you can 'wow' potential homebuyers from the moment they step foot on your property, you can be sure that it will stand out in their mind.
Higher prices and faster sale
Since there are more buyers competing in the spring market, selling in the spring increases your chances of starting a bidding war. Especially in today's market where demand outweighs supply in Toronto, selling in the spring can increase the potential for cashing out big on your home.
You can also expect your home to sell faster in the spring because of the increase in demand. Homebuyers who have missed out on previous homes are that much more eager to put in an offer the moment they see something they like. Your home could be in high demand!