February 3, 2019
Tips for Buying or Selling a Home in Spring
By LLCR Staff

Flowers are not the only thing in full bloom during the spring; the housing market also flourishes during this season of new beginnings.

Spring continually ranks as the busiest time of the year to buy or sell a property. With buying and selling a home in the spring proving to be a popular move, consider taking advantage of this busy real estate season.

Spring Selling Season

Why is the spring selling season so busy in the world of real estate? Well, there are various incentives that motivate sellers to list during this season

Here are a few advantages of selling your home in the spring:

  • Warmer weather: After a long, chilly Chicago winter, sellers are eager to put their homes on the market once the weather starts clearing up. Sunshine and higher temperatures attract more buyers, increasing the odds and profitability of a sale. Additionally, better weather naturally improves marketing efforts and showings.
  • Competitive pricing: Sellers tend to have the upper hand during the spring. With so many properties for sale, sellers can list their house for the highest and best dollar
  • Quicker Sales: According to a study conducted by Zillow, homes listed between mid-March and mid-April sell 15 percent quicker than homes listed any other time. Many buyers are eager and ready to purchase as fast as possible after the winter and before the summer hits.

Buying a Home in the Spring

Spring home buying season is just as busy as spring selling season.

Buyers love the abundant listing options available on the market during the springtime. This array of choices allows buyers to be more selective in narrowing down their dream home.

While buyers have the advantage of a wide selection, they also have to prepared to pay more competitive prices. Don’t expect to be the only one making an offer for your home of choice.

If you end up finding a home during the spring, make sure to work closely with a licensed broker to help find a suitable property in your budget and negotiate a worthwhile deal.

Spring Moving Tips

If you are seriously considering buying or selling a home in the Spring, here are some helpful tips to keep in mind:

  • Don’t delay– Since springtime is such a popular time to move, it is wise to get a head start and begin the house hunting and listing process as soon as possible.
  • Hire a professional- Team up with a licensed broker to help to help make your move as efficient and effective as possible.
  • Figure out your mortgage– Unless you plan on purchasing a house with cash, you will need to apply and qualify for a mortgage. A loan prequalification calculator is a great tool to figure out how to qualify for a loan.

During the busy spring selling and buying season, it is critical to understand how to take advantage of this time of year. Now that you have insight into buying a selling a home in the spring make the big move today!

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