Now that we’re feeling the heat of the summer and the Greenville real estate market is certainly not showing signs of slowing down. The Greenville real estate market has been exceptionally hot for sellers, you may have heard that now is a great time to sell your Greenville home.
Buyers are flocking in search of properties in Simpsonville, Greer, Travelers Rest, Taylors, Fountain Inn, Mauldin, and other parts of Spartanburg County and the rest of the Upstate, home prices are steadily rising, and it is not uncommon to get 100 percent of the listing price and we still see sellers getting multiple offers on their listing.
Springtime is over but it doesn’t mean, the best time to sell a home in Greenville is over. The assumption that the spring season is the best time to sell a home, isn’t entirely accurate. Remember, even in a more typical market, timing is everything, and this is particularly true when selling your Greenville home. Below are four things to consider if you’re ready to sell your Greenville home.
Best months to sell a house
Many believe that spring is the best time to sell your home, however according to a 2021 report by ATTOM Data Solutions, “sellers can potentially net thousands of dollars more if they sell during the peak months of May, June, and July versus the two slowest months of the year, October and December.”
One reason for this is that as there are plenty of buyers, there’s also competition from other sellers. To attract buyers, you have to price your home competitively.
Watch market condition
Low-interest rates and low housing inventory means there are a lot of eager homebuyers competing for what’s on the market. When mortgage rates are on the rise, buyers tend to stay on the fence. Fewer people may be in the market for new homes. As a seller, keep an eye on the market condition as it affects everything, often it influences when, how, and even if buyers buy a property.
The condition of your home
Your Greenville home will need to show well if you’re going to attract buyers in this hot market. Why would a buyer choose a lower-quality home? Do repairs and home projects to make sure your home is in tip-top shape. Everything from painting to plumbing repairs can ensure you pique buyer interest among your competition. Get your home looking as nice as possible and keep it that way until it’s sold.
Check out this 10-step guide to selling your Greenville home.
Price of your home
Every home will sell if priced correctly. The right price is one that’s in tune with what similar homes in your neighborhood are selling for. This means you should only be factoring in SOLD homes of similar size, similar features, and within a close year-built range in your market. Overpricing your home or underpricing it can negatively impact its sale.
If you’re working with a Greenville realtor, your agent can help you with market research, data, and accurate home value assessment to price your home strategically. Listen to your Greenville realtor because you’re better off getting the price right the first time around. Questions about selling your home in Greenville, Simpsonville, Greer, Taylors, Travelers Rest, or beyond? Give the J Michael Manley Team a call! We’d be glad to help you navigate the process!