Selling a vacation home isn’t quite the same as selling your primary home at least if you want to try to maximize your profits.
Timing, locale, and the area’s housing market should play a big role when selling a vacation home, especially since many vacation home markets are seasonal.
Are you considering selling your second home or vacation property? There are some questions you should think about first.
What Time of Year is the Locale Most Popular?
You’ll probably get the most interest in the property as we approach its most popular time of year. A beachfront property, for example, might be worth listing in spring when summer vacations are top of mind and you could likely attract the most buyers.
What Condition is the Home in?
Don’t forget to consider any renovations the home may need, especially ones that impact its usability during the area’s prime season. Is there a dock or pool in need of maintenance? Does the fireplace need a deep cleaning? If repairs are needed for any features you’d like to market, you’ll want to get those done before putting the property on the market.
What Are Area Market Conditions Like?
Every housing market is a little different, so we can talk about the specifics of your property’s location before you decide what you want to do. We’ll discuss whether there’s high demand, whether home prices are falling or rising, and more.
Are You Ready to Say Goodbye?
This may be the most important consideration: Are you emotionally prepared to sell the home? Have you lined up another getaway (if that’s something you want)? You should be prepared to sell in every way possible, not just financially.
Are you thinking of selling your vacation property? Get in touch today for expert guidance.