Summer Real Estate Tips 2023: Advice for Sellers

Is it the right time to sell your house and lot Philippines this summer season?

Despite the challenges caused by the global health pandemic, the Philippines is witnessing a promising rebound. It continues to maintain its position as the fastest-growing economy in Southeast Asia, with a GDP that remains at its highest level since 1976. 

This remarkable GDP growth is primarily driven by the trade, manufacturing, real estate, and construction sectors. The expansion of the services and industry sectors, along with increased foreign and local investments, has contributed to positive labor conditions. As a result, it even lead to an employment rate of 96 percent compared to the previous year's 92.2 percent.

Therefore, foreign investors can view the country as an attractive market for real estate investment. This influx of foreign capital can stimulate further development and growth in the real estate sector even during summer or before school year begins.

Understanding the Impact of Seasonality

While the country’s GDP growth remains positive, seasons can have a significant impact on property selling, particularly during the summer. This season can be both advantageous and challenging for property selling. Many families prefer to move during this time to avoid disrupting their children's school schedules. 

What’s more, the pleasant weather allows for better showcasing of outdoor spaces. But, the real estate market can become more competitive during summer due to increased inventory and higher buyer demand.

7 Essential Tips to Navigate Summer Real Estate Market

Selling a property during the summer season can present unique challenges and opportunities. To make the most of the summer real estate market, consider the following tips:

Maximize Exterior and Curb Appeal

The exterior of your home plays a crucial role in attracting potential buyers during the summer real estate market. So, ensure that your lawn is well-maintained, with neatly trimmed grass and edged walkways. 

You must also consider adding bright flowers to flower beds or placing potted plants near the entrance to create an inviting atmosphere. Repair any visible damage, such as damaged siding or broken windows, as these can deter buyers. Note that a well-kept and visually appealing exterior will make a positive first impression and generate interest.

Create an Inviting Outdoor Living Space

During the summer season, buyers often look for properties that offer attractive outdoor spaces to enjoy the pleasant weather. Therefore, highlight the potential of your outdoor areas by staging them with comfortable outdoor furniture. Create a cozy seating area, and add decorative elements like cushions or outdoor rugs. 

You can also incorporate tasteful landscaping and lighting to enhance the ambiance. All these can help potential buyers envision themselves enjoying the summer months in the comfort of their new home.

Ensure Efficient Cooling

As temperatures rise, buyers prioritize properties with efficient cooling systems, particularly central air conditioning unit. If your home has central AC, emphasize this feature in your marketing materials and highlight its benefits during showings. 

On the other hand, if your home relies on window air conditioners, ensure they are in good working condition and consider replacing any outdated or inefficient units. Providing a cool and comfortable environment for potential buyers is crucial during hot weather, as it allows them to envision living comfortably in your home.

Stage Appropriately for Summer

When staging your home during the summer season, utilize techniques that showcase its best features and embrace the bright and airy atmosphere associated with this time of year. Open curtains and blinds to let in natural light, creating a welcoming and sunlit interior. Use light-colored decor and furnishings to evoke a sense of freshness and spaciousness. 

Moreover, you must highlight any unique summer features, such as a pool or outdoor entertaining area, and emphasize how these spaces can be enjoyed during the warm months. By tailoring this summer staging tips and efforts to the summer season, you can make your home more appealing to potential buyers.

Work with Experienced Real Estate Agents

Collaborating with a knowledgeable real estate agent who specializes in the summer real estate market can provide you with valuable information and insights. These professionals have a deep understanding of the local market, including buyer preferences and trends specific to the summer season. They can guide you in pricing your home competitively, suggest effective marketing strategies, and offer advice on staging and preparing your property for sale. 

So, choose a top agent who is familiar with the summer housing market. Rest assured you will be receiving expert guidance throughout the selling process.

Check the Housing Market for Prices

Pricing your home appropriately is crucial in real estate markets, including the summer months. To determine a competitive list price, research recent sales of similar homes in your area. Analyze the demand for housing properties similar to yours and consider factors such as location, amenities, and condition. 

If you are setting a realistic and competitive price, you can attract interested buyers and potentially receive offers quickly. But, it's also important to strike a balance between attracting attention and maximizing your sale price ratio. A skilled real estate agent or broker can guide you in determining the optimal pricing strategy for your home based on the current market conditions.

Act Swiftly

In a hot summer real estate market, time is of the essence. When potential buyers show interest or submit offers, be prepared to act swiftly. Respond to inquiries as much as possible, schedule showings promptly, and consider hosting open houses or private viewings to generate more interest.

Remember, buyers may not wait for long in most real estate markets. So, being proactive and responsive can increase your chances of securing a sale. Also, if multiple offers are received, carefully evaluate each one and work closely with real estate professionals.

Are you a seller looking to maximize your opportunities in the summer real estate market? Check out our list of affordable house and lot for sale and leverage the demand for budget-friendly properties. Impress potential buyers searching for affordable house and lot packages, including those specifically interested in Lumina Homes. 

Take advantage of the vibrant summer market to attract potential buyers and achieve a successful sale.