Reasons to Sell Your Home in the Winter

Spring has historically been the “real estate selling season” that most people think of. Many homeowners think it’s the best time to put their home on the market because buyer demand increases every year. However, there are good things to do to sell your home in the winter. Here are 5 reasons to sell your home in the winter.

When selling your home regardless of the season, it’s crucial to price it accurately and get it in good condition. Putting a good agent in your place will help. I recommend to friends at Cleverley Real Estate. Clever is a free agent matching service that allows you to be paired with the most effective local agents who can help you sell your home for a fee of 1% of the listing price!

If you’re selling your home in the winter, there’s something good about that.

High list price.

It may seem counterintuitive, but statistics clearly show that the average listing price is higher in the winter.

Motivated buyers have a potential fear that interest rates will go up in the spring, and real estate agents who are more adamant about accurately appraising properties, which means that home sellers are buying more of their homes.

A shrinking housing stock means increased interest in what’s available.

Homes for sale in the winter often have less traffic than homes for sale in the spring and summer, but that doesn’t mean they sell for less money. Because there are fewer homes on the market, buyers are more likely to be interested in homes for sale because there is less competition, which means sellers are more likely to get multiple offers and sell their homes quickly. As a result, sellers often have more opportunities to negotiate in the winter because buyers are usually more interested in closing deals more quickly.

January is a big month before work.

The start of a new year is often the start of new days. Large companies tend to move in early in the year. January directors attract motivated home buyers, and they want to get to work quickly.

The goal is usually to move once, not to move again in the spring. These people are trying to send their kids to school and get their lives back on track. This makes them great buyers. Also, many of these buyers get previous benefits or support from their employers. This can make negotiating a little easier.

Customers who are motivated to buy.

When the weather gets cold, it takes a little more motivation to get dressed up and go see a house. The holidays keep people busy, and many are traveling or hosting guests. Not to mention, it’s not nice to pack and move around in cold weather. But these small obstacles to home shopping mean you don’t have to waste time with frivolous shoppers willing to offer prices. Curious neighbors or buyers who “want to buy a house next year” won’t make as much money. Motivated buyers are more likely to get pre-approved for a mortgage and know what they want, so you have a better chance of turning the show into a serious offer.

One reason you may find more motivated buyers in the winter is January, when many companies are moving. People who move because of work won’t be able to afford a home for three months. Similarly, because many families with children prefer to move during the summer vacations, those who move in the middle of the year are more likely to do so because they have their own schedule.

Less prep work.

Skillful home preparation greatly increases the chances of a successful sale, but it also requires a lot of work. However, much less effort is required in the winter than in the spring and summer. There is less interest in open spaces, such as gardens, and less need for prepping during viewings. Therefore, you should primarily focus on showing the interior of your property in the best way possible.

This process can be quicker.

As home sales decline in the winter, the period from signing contracts to closing can also be shortened. Real estate traditionally sells more slowly in the winter, but that in itself is good for sellers.

Another advantage of selling your home in the winter is that everyone can make time for you. Real estate agents give you more time. Home improvement contractors are not as busy and are usually more responsive. Because borrowers have more time for buyers, their process goes more smoothly, as does yours. The winter real estate market tends to go at a smoother pace.

Bonuses and year-end payments.

As a seller, year-end performance reviews can mean more people have money to spend on their homes. Initial payments and moving opportunities become a reality because of the extra income.

More attention is being paid to selling winter homes.

There tend to be more homes on the market in the spring and summer, which means you have to compete with other sellers for buyers’ attention. Low inventory means more interest in properties sold during this period.

Sellers may have more time to get their homes ready for showings.

Many sellers like to list their homes for sale in early spring and summer to make it easier for buyers to see them in good weather. However, sellers may benefit from listing in the winter because they will have more time to decorate their homes on their day because of the colder weather before potential buyers visit.