Subscribe

How to sell your home for the right price this summer

Mre than 40 percent of all homes were sold during the months of May through August last year, meaning summer buyers are serious buyers. So how can you make your house stand out in this market? 

  • close
    A home is for sale in Coral Gables, Fla. Summer is a big season for the real estate market.
    Lynne Sladky/AP/File
    View Caption
  • About video ads
    View Caption
of

If you are considering putting your home on the market, summer may be the perfect time. The frenzy of the spring buying season has ended, meaning there are fewer houses listed and competing for buyers’ attention. Tax refunds have been sent out, so potential buyers who have been saving for a down payment may now have the funds they need. And families hoping to get settled into a new home before the school year starts are abundant.

According to the National Association of Realtors, more than 40% of all homes were sold during the months of May through August last year, meaning summer buyers are serious buyers. People visiting an open house in the summer aren’t window-shopping — they are looking for their next home.

So how can you make your house stand out in this market? Here are a few simple tips to help increase your chances of quickly finding the right buyer for your home this summer.

Maintain or revamp your home’s curb appeal

Your front yard is your home’s first impression, so make sure that it’s welcoming. Don’t let your lawn and flowerbeds suffer in the summer heat; keep all your plants well hydrated and mulched. Keep the grass trimmed by mowing as much as needed. Replant any unsightly brown spots and plant colorful seasonal flowers. And if your home’s façade is looking a little faded, give it a fresh coat of paint and perhaps spruce up your front porch or walkways.

Freshen up outdoor spaces

Pools can be huge selling points during the sweltering summer months, so if you have one, play it up by making sure the water is crystal clear and there is no debris floating on top. If your home has a patio, deck or outdoor kitchen, keep it clean and make any necessary repairs. These projects can be completed inexpensively and may make a much larger difference in the perceived value of your home.

Keep the inside cool and inviting

During the summer months, some people may spend more time inside to avoid the heat. Use this to your advantage during your open house by making your home extremely comfortable.

Houses can become hot and stuffy this time of year, so it is important to keep the air conditioning running. Just be careful with the temperature; you’ll want to make sure it’s not so cold that potential buyers will be searching for their sweaters, but cool enough that they won’t want to head back out into the heat.

Make sure to greet potential buyers the way you would guests and provide refreshing drinks. During the hot summer days, bring out a cold pitcher of lemonade or a cooler full of bottled water for would-be buyers. Embracing the season and spending a few extra dollars can help you stand out among the other houses for sale. It also can help potential buyers form a happy mental picture of spending the summer in this home and perhaps increase the dollar amount of potential offers.

Know your summer plans

Organize all of your summer vacation and getaway plans well in advance so you can list your home accordingly. Timing is everything when it comes to selling a home, and if you are going to be unreachable — at the beach, out of the country, or anywhere without cellular service — your agent needs to know. You don’t want time-sensitive offers to start coming in when you’re out of town.

Following these tips will help you take advantage of a hot market and make sure summertime is the right time for selling your home.

Tom Salomone is president of the National Association of Realtors. Learn more about Tom on NerdWallet’s Ask An Advisor.

This article first appeared in NerdWallet

The Christian Science Monitor has assembled a diverse group of the best personal finance bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link in the blog description box above.

About these ads
Sponsored Content by LockerDome
 
 
Make a Difference
Inspired? Here are some ways to make a difference on this issue.
FREE Newsletters
Get the Monitor stories you care about delivered to your inbox.
 

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK