Three Reasons to Sell Your Home This Spring

Are you considering selling your home this spring but not sure if you are ready to make the dive? Well, the market is hot and overall, inventory is still low. We are still facing a shortage of inventory for the volume of buyers we are seeing in Northeast Florida. There is still a high demand for homes that are not readily available. Here are three reasons we think you should consider selling this spring!

1. Inventory Is Low

While we are progressing out of a Seller’s Market, we are not at a completely balanced market yet. A balanced market can carry homes for all qualified buyers in a market area, on average for six months. In our areas, we are still seeing the average month of supply for homes between two and five months. We are at a shortage of affordable homes for first time home buyer’s or downsizing movers (Homes under $350,000). If you are thinking about selling, take some time to consider if now may be the right time for your family to make a move.

2. Contract Time is Fast
Due to the lack of inventory, buyers are being forced to remove a majority of contingencies when placing an offer. This means, they are offering a more aggressive sales price, placing more money down, limiting seller concession requests, and not asking for a ton of repairs. This means, the banks and lenders are able to move through the contract in as a little as thirty to forty days!

3. Ideal Move Time
Many families who wish to relocate within the same city limits often begin looking during the spring. This way, they can close on their new home, get settled meeting new families and neighbors throughout the summer for the new school year. With the time change that occurs in spring, it also stays lighter out later meaning, more sunlight for buyers to stay out looking at homes. Lastly, everything is blooming! Take advantage of mother nature and allow the curb appeal to help showcase your home with the luscious greens of trees, new mulch, and some fresh blooms!