Why Sell Your Home in the Spring?
Spring is usually considered the most active time in local real estate markets for buyers and sellers. Homes tend to look better in the spring when they are landscaped and the last of the dirty snow is gone.
There’s one thing you can’t overlook, though. You’ll need to make sure your home insurance is in order when you buy or sell.
What happens to your insurance when you sell your home?
When you sell your home, your homeowner's insurance will typically need to be adjusted:
Cancel or transfer coverage: Once the sale is complete, you’ll need to cancel or transfer your homeowner’s insurance policy to the new owners. You’re no longer responsible for the home after the sale, so your insurance won’t apply after the closing date.
Temporary coverage: If you’re moving into a new home or temporarily renting, you’ll need to update your policy or get renters' insurance.
Pro-rated refund: Depending on when your policy renews, you might be eligible for a refund on any unused portion of your homeowner's insurance premium.
Notify your insurance provider: Be sure to notify your insurance company of the sale and update your new address or purchase a new policy if you’re moving to a different location.
Did you know? Families often prioritize moving during spring to minimize disruption to their children's education. Buyers who waited during the winter months are more active in spring.
Getting your home ready for a spring sale involves a mix of decluttering, cleaning, and making improvements that appeal to potential buyers. Here’s a checklist to help you prepare:
How to get your home ready for a spring sale
Maximize natural light
- Open curtains and blinds to let in natural light.
- Ensure all light bulbs are working and replace any outdated fixtures.
Set the right price
- You’re not obligated, but it can be helpful to work with a real estate agent to find a competitive, attractive price for your home based on market conditions.
Boost curb appeal
- Cut your lawn and trim bushes and trees.
- Add fresh mulch to flower beds and plant some colorful flowers.
- Power wash the exterior if needed and clean windows.
Deep clean the interior
- Clean carpets, floors, and windows.
- Dust every surface, including ceiling fans and light fixtures.
- Kitchens and bathrooms are selling points. Make sure they are spotless.
Declutter and depersonalize
- Clear out any excess furniture, old items, and personal photos.
- Create space to help buyers visualize themselves living in the home.
Repairs and touch-ups
- Fix any small repairs (leaky faucets, broken tiles, etc.).
- Repaint rooms with neutral colors to make the space feel fresh and inviting.
Stage your home
- Arrange furniture to highlight the best features of each room.
- Add a few tasteful accessories to create a welcoming atmosphere.
- Get the help of a professional stager if you need it.
Additional tips
- Research the market: Understand the current real estate market in your area to price your home appropriately.
- Be patient: Selling a home can take time, so be patient and don't get discouraged.
