When you think of the best timing of selling your home, winter might not be the first season that comes to mind! Aside from the freezing temperature outside, people are often preoccupied with the holiday season! However, there are many reasons why you should consider selling your home during the winter. If you want to sell your home during the winter but are hesitant, here are five reasons to do it!
The buyers are serious.
Unlike popular belief, demand does not go that low during winter. And while it is not the peak buying season, the buyers you will encounter are much more serious and motivated. During winter, the buyers you will meet are often in a rush, are ready to make offers, and plan on moving in before or after the new year. This is a great advantage for sellers because you don’t have to waste your time with buyers who are just looking.
There is less competition.
You won’t have that much competition if you sell your home during winter. Many people decide against listing their homes during winter and wait for Spring instead. It will be easier for your listing to stand out with less competition. You’ll be able to have a higher chance at attracting buyers and selling your home much quicker and at a better deal for you.
Loans are processed quicker.
For lenders, winter is when the inventory is smaller, and they have more time to process loans. Since loans can be processed more quickly than other seasons, your selling process will be much smoother, and your road to closing will be faster. If you or your buyer is in a rush to close the home before the new year, your buyers will not have s problem processing their loans.
You can get better deals.
Since there is less competition and buyers are much more motivated during this season, you can negotiate better deals with your buyers. According to Redfin, listings during winter sell faster and for more money. So make sure to stage your home, create a good and sound contract, and have it inspected so you can put a premium on its price. Then, you can take advantage of serious buyers and sell your property at a higher price and better payment terms.
It’s a great way to start the year.
If you’ve wanted to sell your home or if there’s an inevitable reason to do it, doing it before the start of the year is the best time. The end of the year is the perfect time to let go of your property. It is the ideal timing for Spring, where you’ll be able to move on and start anew without carrying any pieces of baggage from the year before.
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