Winter is here and you have finally decided to put your house on the market, but you heard somewhere that it’s better to wait until the spring.
Is it really? Many people say that selling a home in the spring is a better bet. Flowers blooming, green grass and sunny skies make homes look their best, the thinking goes, and so this is the ideal time to list your house for sale.
But is this actually true?
Nope! There are a lot of solid reasons why listing your house in the winter, rather than waiting for spring, can actually be really smart. Of course everyone’s situation is different, and an experienced real estate agent in your area can give you the best advice, but here are a few things to consider when deciding when to list your home for sale. (And if you don’t have a choice and have to list it in the winter, hopefully these points will help set your mind at ease!)
1. Less Competition
Simple, fewer listings on the market mean less competition. It’s true that fewer people tend to list their homes during the winter months, but this means that your home has a better chance of standing out, as there will be fewer competing listings. Wouldn’t you rather be the only home in your neighborhood for sale, than 3 or 4 other houses vying for attention as well?
2. Motivated Buyers
It takes a little more motivation to bundle up and go look at houses when the weather gets cold. The holidays keep people busy traveling or entertaining. Not to mention that packing and moving in the cold isn’t much fun. But these small hurdles just mean that you will likely avoid wasting time with buyers who aren’t serious and ready to make an offer. The curious neighbors or “we’re thinking of buying maybe next year” buyers are not as likely to be making the rounds. Motivated buyers are more likely to be pre-approved for a mortgage and to know what they want, and so you are more likely to have showings turn into serious offers.
3. Loans may be processed quicker
Since the housing inventory is generally smaller during the winter, lenders are typically less busy. This means that when your buyers are ready to go under contract, they can get their financing ready to go that much faster, and everyone can make it to closing quicker.
Should you have any questions regarding Selling or Buying this winter season, contact me!
Until then, see you on the hill!