Winter has arrived, and you've finally decided to list your home, but you've heard that it's best to wait until the spring. According to certain conventional wisdom, selling a property in the spring is a better gamble, and now is the best time to put your house on the market. Is this, however, the case?
If you look at the figures, you'll notice that the coldest months of the year account for a significant portion of home purchases. So, if you're debating whether or not you should wait until spring to buy or sell a home, why wait? You might be surprised to hear that buying or selling while feeling the cold, freezing consequences of winter on your face has benefits!
Buyers are more motivated.
The market in winter consists of people who were not able to buy a home during summer and fall. Perhaps more crucially, they are becoming impatient with their quest for a home. The process of finding a new house is time-consuming, and many people seeking during the winter are just ready to go; they are tired of looking and want to take the shortest way possible. One of the reasons you'll find more motivated buyers in the winter is that they're relocating for employment or have a pressing need for a larger home. There's no reason you can't leverage their motivation to your advantage if you can offer them the deal they want.
There are often fewer houses for sale in the winter than in the spring or summer. This reduces the number of home options available to buyers, increasing the likelihood that a buyer will seriously consider acquiring your property. There's less competition from other "for sale" residences, and purchasers have fewer options. It is also easier to make your property stand out from the competition when there are fewer properties for sale in your area.
People are taking vacations from work.
You may believe that there are less likely to see your home that's on sale during people's hectic holiday schedules - that is right. However, keep in mind that most people have additional vacation time during the holidays. This means they'll have more time to look through home apps, daydream about their future decor, and even schedule home showings. Even if the weather changes, property buyers will continue to shop.
You'll be a top priority for the real estate agent.
Real estate agents' slow season is usually in winter. Winter listings are in high demand among real estate agents. This means they'll be looking to sell yours throughout the colder months. When the spring market hits, they'll have a slew of new buyers. You're their main priority right now. You'll get more attention in listing and preparing what you need.
If you're thinking about selling your home this year, you might want to consider selling in the winter. You'll have less competition from other sellers, which will make it easier for you to receive the top price for your home.