A general rule of thumb is to wait until the spring and summer to sell a home. After all, the improved weather conditions make for an easier move and attract more buyers. Kids will also be off from school, allowing buyers to move to a new place before the new school year begins. However, there are also buyers who will be wanting to settle into a new home before the end of the year or before the competition heats up in the spring. As a result, sellers may find opportunities for even better deals on their homes during the winter. Here are some advantages of selling your home in the winter:
During the spring and summer, the housing market can almost seem like The Hunger Games. Competition is fierce, and some sellers may find it difficult to win the attention of home buyers. During the winter months, there is far less competition because of lower inventory. Therefore, if you play your cards right, you will have an easier time capturing the interest of prospective buyers. You could also even sell your home for a higher price, since buyers will have limited options to choose from.
Some buyers might be curious to see how your home handles the harsh winter months. Selling in the winter provides buyers with an opportunity to see this up close. They can see how your roof and driveway are designed to manage snow accumulation as well as how your home heats up to deal with the cold. Additionally, buyers will be more interested in select features, such as a fireplace or a hot tub, that they may otherwise overlook in the spring or summer.
While a majority of sellers are putting their homes on the market in the spring and summer, there is a large group of buyers who will just be starting their home search process at this time. As a result, they won’t be ready to settle on a home just yet. By the time winter rolls around, they will likely be ready to put an offer on a home. Furthermore, any buyers who are willing to brave the winter weather in order to find a home are clearly serious about finding one.
Winter is a popular time for job relocation. Employees will need to act fast and find a home in the appropriate area. These buyers will be pressed for time, so they will probably not spend a lot of time looking for a home. If they find that your home meets their basic requirements, they will usually make an offer.
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