Setting an appropriate price for your home can be an endlessly complex, yet rewarding process. While there are many factors to account for when preparing to sell your home, there is one that many sellers tend to look over and can be used to generate more money from a potential buyer. This factor is the time of year. That’s right; no matter how hard you work to calculate a price for your home due to a number of related aspects, the season can dramatically change how much you can ask for your home. To help you use this simple concept, below are important points to note when setting a price for your home based on the time of year.
Boost Your Price in Active Months
Home buyers are typically the most active in the spring and summer months. Even in Florida, where the weather can be quite harsh during this period, buyers tend to spend the most time searching for someone selling a house between the months of April and August.
During these months, there will likely be more buyers than ever looking to purchase your home. Given that there is a large demand for your home, you can confidently add to your asking price without the worry that you will scare every buyer away. While you should not increase your price too drastically, a slight increase will allow you to walk away from the deal with more money that you could generate in slower months of the year.
Hold Your Price in Slower Months
While it was initially noted that the time of year will affect your asking price when you sell your house, this is only for the positive. After spending precious time coming up with a reasonable asking price for your home, consider this figure to be your “worst case scenario.” In seasons where buyers are not as active, such as fall and winter, your original asking price should be used to attract an expected amount of buyer attention.
Never consider lowering your asking price simply because of the time of year. If your price is set fairly and takes into account many different factors, there will be a suitable buyer for you no matter how slow the market is.
Use The Seasons to Your Advantage
Given that you spend so much time coming up with an appropriate asking price for your home, wouldn’t it feel great to walk away with more money simply because the weather is warmer? By using the seasons to your advantage, you can effectively generate more money from a deal than you would be able to obtain during a different time of the year.
After walking away from a deal with an unexpected amount of money, you have more capital to invest into your next home. But, who knows? Maybe you will look to spend this extra money on a great summer vacation! The possibilities are endless when you use the seasons to your advantage!
Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-908-7293 or visit https://josephlewkowicz.com/