Listing homes for sale in South Lake Tahoe is definitely one of the more popular seasons for sellers to put their South Lake Tahoe real estate on the market. While homeowners get a lot of perks this time of year, there are pros and cons to selling during one of the busiest real estate seasons of the year.
Things You’ll Love
The weather. One of the best things about listing homes for sale in South Lake Tahoe during the spring is the warmer weather. Now, being in a mountain town, the chances of a snow storm or two is high during the spring. In fact, long time locals will tell you that they have seen it snow every month of the year at some point. But the main difference between listing when it is not winter is that South Lake Tahoe homes for sale are easier to access. Driveways are usually clear, the lack of snow shows off the landscaping and curb appeal, bad road conditions aren’t causing last second cancellations or keeping people from being able to show up for their private tour. Plus, as a seller, it is a great excuse to get outside and soak up the Lake Tahoe lifestyle when you have to vacate the house for a showing.
The Demand. South Lake Tahoe homes for sale usually decline a little bit in the winter. Since South Lake Tahoe real estate is considered a second resort market and a vacation destination during the winter, our local market doesn’t decline too much due to weather. In fact, if it is a great season for powder hounds, we can see demand as high as it is during the summer. We do see a lot of buyers coming out of the wood work during spring though, so this does put sellers at a higher chance for a bidding war thanks to more demand.
Higher values. This of course depends on the current South Lake Tahoe real estate market conditions. Although the prices for South Lake Tahoe homes for sale have gone up compared to years and months past pretty consistently. When more homes are selling and an appraiser pulls the data for comps (comparable solds), the comparable data works in a seller’s favor so long as you are listing at fair market value.
Things You’ll Hate
The overly discerning buyer. Also known as picky. There will always be buyers who can afford to by pickier than others. They simply can afford more and want to get the best that money can buy. If your home is in desperate need of major repairs, it would make sense that several buyers could pass. But with less people shopping under pressure and more inventory to choose from, they may not jump at every home that pops up on the market.
Sharing your South Lake Tahoe Realtor. When the market is a little slower, you will feel like your South Lake Tahoe realtor is working with you, and you alone. During the busy spring and summer months, they may not be able to answer correspondence right away. As communication is a very important part of a successful real estate transaction, you will hear from them. You may just have a to wait a bit, but trust that you are on their mind and they will get back to you as soon as they can.
The competition. We aren’t talking about the buyers, by the way. We are talking about all the other homes for sale in South Lake Tahoe. With more homeowners listing during this time, it is really important to work with your South Lake Tahoe realtor to prepare your home appropriately for the market (clean, de-clutter, repair, stage, etc.). It is also crucial to work with someone who knows the current fair market value and helps you list at a price that will get a lot of attention from buyers. This usually results in a lot of action and hopefully a quicker sell for more money.
For more information on selling your home this spring, feel free to stop by our office or give us a call!