With multiple over-asking-price bids common over the past two years, we’ve all been a little shell-shocked. Thankfully, however, home buyers and sellers can collectively breathe a sigh of relief. Prepare for what promises to be another busy (but maybe not as crazy) home buying-and-selling season. Most experts agree the best time to list a house is when inventory drops because of distractions such as weather and the holidays. However, since people consider relocation once the weather warms up, listing or starting your home search now will position you ahead of what is sure to be a hectic summer season.
Now is the perfect time to list your home or look for another for several reasons:
- SoCal Home Sales
Southern California, where Eastland Escrows is located, enjoys a mild climate. This makes home buying and selling easy no matter the time of year. But this winter produced more precipitation than Southern Californians generally encounter. The good news is that the heavy downpours watered thirsty lawns, which has made lawns appear lush. Listing your home now will maximize green grass and gardens, before the summer sun dries everything out, returning everything to dusty brown.
- Less Competition
Whether you are buying or selling, if you list your home in March or April, you’ll face fewer competitive listings than if you wait until school ends in June. If you’re a buyer, that means you will be less likely to find yourself in a competitive bidding war. If you’re selling, you will have more control over sales price if fewer homes like yours are on the market.
- Easier Move-In
With less competition in March, April and early May than you would face in the summer, buying or selling in spring will mean lower prices on everything from movers to stagers to decorator items for your new home. June is the busiest month to sell a home. So, avoid the rush. Remember what they say? The early bird gets the worm.
- Faster Sale
Zillow reports that the best time to sell a house (to get the highest price and minimize time on the market) is in the spring – specifically, during the first half of May. In parts of the country where all four seasons exist, spring attracts potential buyers who are done hibernating and are ready to do the legwork of visiting homes in person. But in sunny Covina, California, where our escrow office is located, most times of the year work weather-wise.
- Easier on Families
Another great reason to sell your house in the spring is that families with children prefer to move at a time when the school year won’t be disrupted – namely, summer. However, it usually takes 30 to 60 days or more from the time a home contract is signed to the time a house closes. Therefore, families eager to move during the summer will need to find and make offers on their homes several months prior. So, act now!
About Eastland Escrows in Covina, California
If you’re a real estate agent or broker representing buyers and sellers. Or, if you are considering buying or selling a home, please consider calling Eastland Escrows, Inc. to manage the escrow account. We are an independent escrow company based in Covina, CA serving Southern California since 1973. With more than 100 years of combined experience, we pride ourselves in working like a dog on behalf of all our clients! We have closed thousands of escrow transactions from real estate sales and refinances to business sales and mobile homes.