When the Herndon weather turns sizzling, you might think that house showings might go better by holding off for milder weather. After all, as the mercury rises, energy levels tend to wilt, so prospective buyers willing to take on a big initiative—like lining up a new house—might seem to be in short supply. You might think that—but the evidence actually points in the opposite direction.
It seems that the hottest weather invites more home buying instead of less. At least that’s what the National Bureau of Economic Research suggests—and experts at Fannie Mae agree.
The NBER finds that “warm weather may have a positive impact on home sales.” In warm weather, if a home has features like access to a swimming pool or A/C, “buyers can see themselves enjoying the home on a nice day.”
Indeed, Fannie Mae’s research into how consumers feel about buying a home at different times of the year points to a similar seasonal effect. Part of Fannie’s Economic & Strategic Research Group’s findings line up with real estate’s well-known seasonal bias. Part of the strength of Herndon’s traditional spring and summer selling season may be due to prospective buyers’ need to make a change before the new school year starts, but if so, it’s a strong enough incentive to obscure any discomfort brought on by the July and August heat.
It’s all welcome news for homeowners planning Herndon house showings at this time of year—but it’s still a good idea to make some weather-wise adjustments. Here are 5 tips for hot weather house showings:
If your Herndon home has excellent cooling systems or an inviting swimming pool setup, now is the time to make the most of it. Give me a call to see if we can get started before summer starts to slip away!
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