Homes are a great long-term investment. When it’s time to sell, you can make a profit especially if you chose a home with good resale potential. Selling the property should also be a breeze!
That said, selling your home at the right time is a crucial step. It ensures that you get to sell your home fast and for the right price. The challenge lies in determining the best time to sell your home.
Williamsburg, VA: A sellers’ market
In the last few years, we saw Williamsburg, VA become a hot real estate market. 2020 was a good year even with the pandemic and restrictions. Homes sold faster than expected, with homes on sale for less than $500,000 gone within days. But the most impressive part is that the greater Williamsburg area charted its lowest real estate market inventory in the last three decades.
There are several reasons why Williamsburg, VA real estate has a low housing supply. First, the local population is getting older. Instead of downsizing, they are choosing to retire in their homes. Second, the pandemic has forced some people to move back to the area. Some families upgraded to larger properties, while others expanded their homes to accommodate more people. Third, new constructions in Williamsburg, VA have been scarce. And without new homes, we can expect Williamsburg, VA real estate to remain a sellers’ market for a long time.
This healthy demand for homes and the accompanying low inventory makes Williamsburg, VA a sellers’ market at present. In this situation, sellers like you have the upper hand. You might be able to sell your home faster and for more money. It may be the perfect time for you to sell your home.
Setting a realistic timeframe for your home sale in Williamsburg, VA
Because of the current market conditions, selling your homes fast in Williamsburg, VA shouldn’t be a problem. Still, it’s best to plan accordingly and set a realistic timeframe for your home sale.
One of the first things to consider is the season. Summer is one of the best times to sell a home. The weather is more agreeable and school is out. Based on previous sales data, May is the perfect month to list your home. You can sell your home for about 9.43% more.
If you’re in no hurry, consider selling your home in July. According to local sales history, the entire selling process takes an average of 23 days less if you list your home within that month.
How to prepare your home for sale
There is more to selling your home in Williamsburg, VA than choosing the best time to list it on the market. Below are a few steps that will help you sell your home without a hitch.
- Declutter your home
- Enhance your property’s curb appeal
- Connect with a local real estate professional
A messy home is an unattractive home for potential buyers. Right off the bat, clean your home, declutter, and dispose of items that you won’t take with you to your new place. You can hold a garage sale or donate your unwanted belongings to charities.
Truth be told, home buyers aren’t shy about judging a home by its appearance. So, make a great impression and improve your property’s curb appeal. Repaint your home, mow your lawn, clean up the flower beds, and spruce up your entryway to make it more inviting.
It’s tempting to forgo the help of a real estate professional. But if it’s your first time selling a home, it’s in your best interest to work with a credible and experienced local agent. Even in a sellers’ market, an agent can help you secure the best deal. Find a real estate agent who can market and sell your home effectively according to the current market conditions.
The best time to sell your home is when you’re ready
It’s easy to be overwhelmed by the entire home selling process. Market conditions and seasons aside, sell your home only if you’re financially, mentally, and emotionally ready and with a real estate agent you trust by your side.
At Coldwell Banker Traditions, we have our clients’ best interests at heart. We can help you sell your home in Williamsburg, VA and the Hampton Roads area with ease and in your own time.