Spring is in the air! It’s a great time to do your spring cleaning, but even a better time to jump into the real estate market. If you are a Seller, spring season is one of the best selling seasons of the year. Homebuyers come out of the woodwork during springtime. In fact, over 40 percent of home sales occur in the United States between April and July. So, if you have been contemplating listing your home, there is no better time than now. Inventory is tight, interest rates are historically low, and more Buyers are entering the market.
Real Estate is Getting Even Hotter
The real estate market is already hot, but it is likely to heat up even more during springtime. So, get ready to fire on all cylinders. The Oahu market remains very competitive among buyers, so don’t be surprised to see more of those bidding wars you’ve been hearing about. For all intents and purposes, spring truly marks the time when buyers spring into action. It’s a great time for Sellers to list, especially in today’s hot market. Growing demand and limited inventory are combining to create a market ripe for price increases. Who doesn’t want to sell their property for more money? And, for the best terms!
Of course, if you are a Buyer, you may not be too thrilled with the increased demand we typically see in the springtime. It’s hard enough to secure a property as it stands now. But, as a Buyer, just know that the best month to buy a house has less to the with the time of year and more to do with your personal timing. Are you ready — ready to jump into homeownership? Do today’s interest rates make sense for you even at today’s high prices? If you are ready and able, it’s a good time. Truly, buying a home is more about your “season” than any given time of the year.
The Best Time to Buy or Sell is When It’s Right for You
So, regardless of whether you are a Buyer or a Seller, the best time to buy or sell is when the timing is right for you. You can find a home to buy in all seasons and you can sell a home in all seasons. So, determine the best time to jump into the market based on your own personal situation — and then do what’s best for you.
One last thought — real estate aside, spring is still a great time of year. It represents new beginnings, new life, and progress. Spring is the promise that everything can begin again. So, here’s to embracing the newness of spring and the promise of renewal!