And, without the hassle of school schedules, homework deadlines, or impending graduations, not only is school out, but the home buyers are out, as well…in droves. This means it’s the perfect time to sell your home!
Did you know that the majority of escrows for the entire year close between the months of June and August? The reason is simple. Families are looking to purchase their new home-and move in-before the new school year begins. By putting your home on the market now, you have many more buyers actively looking; increasing your chances of receiving multiple offers and getting top dollar for your property.
But what if you’re looking to buy? Won’t the increase in buyers hurt your chances of getting an offer accepted? Well, not necessarily. The school’s out rule applies to sellers as well. The sunny summer months mean an increase in free time, which equals more homes being put on the market; greatly increasing the inventory that, in recent months, has been somewhat sparse.
If you’ve been dragging your feet and putting off listing your property, there is no better time than now. If you are thinking of buying a home, the inventory is increasing every day and you have more properties to see and consider.
So, enjoy your summer but keep in mind that, when the temperature is rising, the real estate market is also heating up!