Despite the common myth that the winter is not a good time to sell your home, here are some benefits to selling your home during the winter months.
Winter Buyers are Serious and Motivated
Prospective buyers during the winter months are ready to buy and are not just shopping around. Normally, buyers during this time are serious about buying because they must relocate to a new area. Whether it be because of a new job, family emergency, or for financial reasons, winter buyers have a reason to buy a house quickly.
January is Known as Job Relocation Month
The start of the new year is also the start of new jobs. Large companies are known to make personal changes and relocations at the beginning of January. Because of these changes and new hires, people tend to look for new homes during the early year winter months. These buyers are looking to move quickly to ensure that their children get into school and get their lives back on track.
Some Properties Show Better in the Winter
Some homes have the potential to show better in the winter due to their warm cozy feeling or the style of decorating. Due to the way they show, they are more likely to inspire buyers during the winter months. Houses that show well during the winter months normally have inviting architecture and cozy fireplaces where buyers can imagine spending time on a cold winter night. This kind of inspiration does not always happen during the warmer months.
You Will Get Closer to Your Asking Price
Selling in the winter months can get you closer to your asking price because there is less inventory and fewer choices for buyers to choose from. If your home is priced competitively and shows well, buyers will be more likely to purchase the home for the asking price instead of needing to negotiate. Since there are fewer homes on the market, buyers will be more likely to buy a home at a good price.
Less Competition
Due to the lack of homes on the market during the winter months, this means less competition for sellers. Instead of having many different options for homes, buyers may only have a handful and will have to settle on one that is available.
Your Real Estate Agent Will Have Plenty of Time for You
Since there are fewer people selling their homes during the winter months, your real estate agent will have more time to spend with you. They will focus their time on selling your home because it may be one of the only homes they have listed. You will be their top priority and will get more attention that will boost your listing in all the right places.
Despite the rumors, selling your home in the winter can be the perfect time to sell quickly and for the best price possible. There may be fewer potential buyers, but you will be in a less competitive market with serious buyers ready to purchase a new home.
Looking to buy a home? Contact AnnieMac Home Mortgage today to get the loan process started.