Tips for Buying and Selling Real Estate in March

As the chill of winter gives way to the warmth of spring, the real estate market starts to wake up, too. March is a pivotal month for both buyers and sellers, as the spring season brings new opportunities to make a move. Whether you’re looking to purchase your dream home or sell your current property, the change of season offers plenty of advantages. In this blog, we’ll explore how to prepare for the real estate market in March and share some essential tips for both buyers and sellers.

For Buyers: How to Make the Most of the Spring Market

Spring is often considered the beginning of the busiest time in real estate, and while inventory typically increases in April and May, there are several reasons why March can be a great time to jump into the market.

1. Less Competition

One of the main advantages of starting your home search in March is that inventory is still lower compared to the peak of spring. Fewer buyers may be actively searching, meaning less competition for the properties that are listed. If you’ve been holding off because of the competitive nature of the market, this might be the perfect opportunity to find your ideal home before the influx of buyers in the coming months.

2. Get Ahead of Spring Price Increases

In many areas, home prices rise as the spring market heats up. By purchasing in March, you may avoid some of the price hikes that often come with more listings and increased buyer demand in April and May. If you’re able to lock in a price earlier in the season, you could save significantly on your new home.

3. Take Advantage of Better Weather

As the weather improves, it’s easier to tour homes, inspect the exterior of properties, and get a good sense of the surrounding neighborhood. Whether it’s checking out a home’s curb appeal or seeing how a garden looks in bloom, spring is a fantastic time to explore potential homes.

4. Assess Seasonal Features

Spring offers the perfect opportunity to look for outdoor features that will be important to you throughout the year. Whether it's a spacious backyard, a garden, or energy-efficient windows to help you save on summer cooling bills, pay attention to how the home will serve you in the warmer months.

5. Secure Financing Early

Mortgage rates may fluctuate in the spring, and March is a great time to get pre-approved for financing so you can move quickly when you find the right home. A pre-approval letter shows sellers you’re a serious buyer, giving you a competitive edge, especially when inventory is still low.

For Sellers: Why March is the Perfect Time to List Your Home

Spring is traditionally one of the best times to sell, and listing in March can give you a head start in the busy spring season. Here’s how to make your property stand out in the market and attract potential buyers.

1. Spring Brings More Buyers

As the weather improves, more buyers start their search for new homes. People are often more willing to go out and tour properties when the temperatures rise, and you’ll benefit from an influx of buyers eager to make a move. Listing your home in March can help you capture those early birds before the market gets oversaturated with listings in April and May.

2. Better Curb Appeal

One of the biggest selling points of a home in spring is its curb appeal. March gives homeowners the opportunity to start cleaning up the yard, trimming trees and bushes, and planting flowers or adding colorful outdoor decor. Homes with great curb appeal attract more attention, so make sure the outside of your home looks inviting for prospective buyers.

3. Showcase Seasonal Features

Spring is a great time to highlight the outdoor features of your home. Whether it’s a backyard garden, a spacious patio, or a lovely deck, be sure to show off how your home can offer a serene outdoor retreat. As flowers bloom and trees start to bud, your home’s natural beauty is enhanced, and potential buyers can imagine enjoying these features for the rest of the year.

4. Be Ready to Staging Your Home

Once the weather starts warming up, it’s time to think about staging your home for potential buyers. Staging your home properly can make all the difference in how quickly it sells. In March, think about refreshing your home with some spring decor—bright colors, fresh flowers, and light fabrics. Take advantage of natural sunlight by opening curtains and blinds to make your home feel airy and spacious. Small touches, like changing the bedding or adding a vase of fresh flowers to the kitchen counter, can go a long way in creating a welcoming atmosphere.

5. Plan for Quick Showings

As we move into the spring, homebuyers are more likely to want to view homes in person. Be prepared for quicker showings and be flexible with your schedule. The sooner you list your home, the sooner you can take advantage of these buyers actively searching for their dream home.

Financing Considerations for Both Buyers and Sellers

Whether you’re buying or selling this spring, it's important to understand the current mortgage landscape. For buyers, securing a mortgage early in the season can help lock in rates before they rise. Sellers, on the other hand, may find that homes with modern energy-efficient features (think solar panels, new HVAC systems, etc.) are more appealing to buyers who are increasingly focused on long-term savings.

Additionally, be sure to work with a local real estate expert who can help you navigate the nuances of the market in your area, whether you're buying or selling.

Conclusion: Spring Is the Season for Real Estate Success

March marks the beginning of the spring real estate season, making it an excellent time to either buy or sell a home. For buyers, it’s an opportunity to get ahead of the competition and lock in a great deal. For sellers, it’s the perfect time to showcase your home in its best light, attracting motivated buyers who are ready to move. Whether you’re looking for your dream home or preparing to list your property, March is the month to spring into action and make your real estate dreams a reality.

If you’re ready to make a move this spring, contact us today to learn how we can help you navigate the real estate market!