Ready to Move This June? Here’s What You Need to Know About Buying and Selling

June is a bustling time in the housing market. With summer approaching and school years wrapping up, many people are looking to buy or sell their homes. If you’re planning a move this month, here’s a snapshot of what you need to know to make the process smooth and successful.

If You’re Buying This June

1. Understand the Market Dynamics: June is a peak time for homebuyers, particularly families aiming to move between school years. Expect increased competition as more buyers flood the market. The silver lining? There will also be more listings to choose from.
2. Prepare for Competition: With more buyers in the market, acting quickly and decisively is crucial. Ensure your finances are in order and get pre-approval for a mortgage to gain a competitive edge. Be prepared to make strong offers, possibly above asking price, especially in high-demand neighborhoods.
3. Leverage a Real Estate Agent: A trusted real estate agent can be invaluable during this busy season. They can help you:
   • Stay updated on new listings
   • Make competitive offers
   • Navigate market complexities
   • Avoid overpaying by providing insights into property values
4. Set Realistic Expectations: It’s easy to get caught up in the hustle of the market, but it’s important to stay grounded. Ensure any home you consider fits your budget and lifestyle. Don’t be swayed into making rushed decisions that could lead to buyer’s remorse.

As Forbes advises, “Approaching the market confidently, armed with good information and grounded expectations will take you far.”

If You’re Selling This June

1. Capitalize on High Demand: With more buyers motivated to move before the new school year, you’re likely to receive strong offers. This can lead to faster sales and potentially higher prices if your home is priced and presented well.
2. Showcase Your Home: Ensure your home is in top condition. Consider staging it to highlight its best features and make it appealing to a wide range of buyers.
3. Strategic Pricing: Work with your real estate agent to list your home at a competitive price. Proper pricing can attract more interest and drive multiple offers, giving you leverage in negotiations.
4. Flexible Closing Dates: Be prepared to negotiate closing dates based on buyer needs. Some may need to move quickly, while others might require more time. Flexibility can make your home more attractive and facilitate a smoother transaction.

As U.S. News Real Estate explains, “If your house goes under contract in early summer, the buyer may ask for a delay in closing or move-in until the school year finishes or their current home has sold. Alternatively, a buyer later in summer may be looking to close quickly and move in under a month.”

Bottom Line

Whether buying or selling this June, it’s essential to be prepared and flexible. The right real estate agent can provide guidance tailored to your situation, helping you navigate the market effectively. Let’s connect to discuss your plans and develop a strategy that works for you in this competitive season.

Ready to make your move? Contact us today to ensure your June real estate journey is a success!