I know what you're thinking. "Come on man, everybody knows that Spring and Summer are the best time to sell your house." I hear you. But while Spring and Summer are typically the busiest seasons for home sales there are some advantages to selling in the winter that you may not have thought of.
Think about it, if you are trying to sell ANYTHING would you rather have more or less competition? I bet your answer is "well, less of course!" If it wasn't, it should have been! Less competition means that you have put your home on a proverbial pedestal for all the home buyers to see. It really boils down to the basic economic principle of supply and demand. When supply (homes on the market) is down and demand (home buyers) is high, that could mean good things for you and your pocket. You could end up selling your home faster and for more money!
"Well that's all fine and good, but there are no buyers in the winter." I'm glad you brought that up! That may have been true back before technology made it possible to search for homes from the comfort of your own home while sipping hot chocolate. Yum, hot chocolate...sorry I trailed off their for a second. Back to it. Today 94% of home buyers start their search online according to an article from the National Association of Realtors...94%! That means that cold weather will not stop a home buyer from searching for YOUR home on their computer or mobile device no matter the temperatures outside. And if you think about it not only are people searching for homes in the winter, it would make sense that more serious buyers are looking in the winter. I know that I wouldn't get all bundled up in a coat, hat, scarf and gloves to go to an open house or viewing unless I was serious about finding a home.
Putting your home on the market in the winter with less competition can truly put your home in a great position to be sold faster and for more money. There are serious buyers out there in the winter and the season is not going to stop them from jumping at the opportunity to buy your home. Don't let the off-season scare you away from selling your home.
This is so true! There is actually a shortage of homes right now. Most of the ones that are still on the market are overpriced or have some type of issue.
ReplyDeleteThis is so true! There is actually a shortage of homes right now. Most of the ones that are still on the market are overpriced or have some type of issue.
ReplyDelete