People often say the best time to sell starts in spring and wraps up in about mid-November or early December. However, what if winter is actually the best season to sell your home? You may not need to sell only during the warmer months. Here are five reasons selling your home in the winter is smart.
There’s Less Competition
We assume that buying a home when it’s not cold is suitable. However, buying and selling a home in the winter might save you money, and there’s barely any competition. Selling your home during the winter gives you plenty of time to plan out future projects to make your home more appealing.
Even in the winter, warmer climates in the East and West Coasts see a peak in buying. Not having much competition can guarantee prospective buyers notice your home, which increases the chance of selling.
Buyers Can See the Home Winterized
We all want central air in the summer, but we also need insulation to keep the home temperature-controlled and help trap the heat. So a major factor people consider when buying a home in the winter is whether it has winter-appropriate features. You can show buyers that your house stays warm during the winter.
There Are Better Choices for New Parents
As many young people start growing their families, they look for options throughout the year to upgrade from a small home to something bigger. However, during the warmer parts of the year, the stakes for buying a home increase, and competition rises.
As soon as October or November rolls around, start listing your property so that growing families can notice and potentially place an offer.
Serious Buyers Come Out
Many hopeful homeowners either browse or look to move elsewhere during a time that’s not chaotic. Luckily, many buyers contact real estate agents intending to purchase immediately, even during winter. You can take advantage of this fact.
Financial Bonuses and Payouts Come Up
Many workers see increased bonuses on their performance review at the year’s end. They may receive compensation or huge payouts after retiring. Thus, many begin seeking a second home or a permanent home to retire in around that time.
Additionally, as new homeowners enter the market, they start opening themselves up to better homes that they can potentially purchase without competing with others. Both these groups may want to find a house during the winter.
Buying a home is an incredible venture, and so is selling one. As you’re figuring out the best time to sell, look at the housing market in the winter. You’ll see how little competition you have compared to the other seasons. These reasons selling your home in the winter is smart can help you consider your options before placing your home on the market at a different time of the year.
