At Extreme Investor Network, we understand the importance of navigating the real estate market during the summer months. As the temperature rises, so do the challenges of selling a home. With pending home sales down 5.6% from a year ago due to extreme heat in certain parts of the country, sellers need to get creative to attract potential buyers.
One strategy to combat the heat is to host open houses in the morning, before temperatures peak. By doing so, sellers can showcase their home in a comfortable and cool environment. Additionally, offering handheld fans or refreshments can help keep potential buyers comfortable during their visit.
Virtual showings and walk-throughs have also become valuable tools for real estate agents, especially in the era of the pandemic. These virtual resources allow buyers to explore properties without having to endure the sweltering heat, making it easier for out-of-town buyers to participate in the home-buying process.
Another crucial aspect to consider when selling a home during the summer is the HVAC system. Ensuring that the heating, ventilation, and air conditioning system is in proper working order is essential, as buyers will quickly notice any issues such as weak air flow or humidity. Servicing the HVAC system proactively can help prevent any potential setbacks during the selling process.
When it comes to replacing or repairing an HVAC system, it’s important to weigh the costs and benefits. The expense of replacing an HVAC system can vary significantly, ranging from as low as $100 to as high as $3,000. Homeowners should also explore potential tax incentives, such as the Energy Efficient Home Improvement Credit, which can help offset the costs of upgrading to a more energy-efficient system.
Overall, by being proactive in addressing the challenges of selling a home during the summer, sellers can set themselves up for success in a competitive real estate market. At Extreme Investor Network, we are committed to providing you with the tools and resources you need to navigate the complexities of the real estate industry. Stay tuned for more valuable insights and expert advice on personal finance and real estate investing.