One of the common questions we hear this time of year is, “Why should I sell my home during the winter?” Inventory is low—there aren’t many houses to choose from, and there’s a good chance yours will sell quickly, then it’ll be a little harder to buy another. So why should you sell right now anyway? Here are 10 great reasons:
1. Selling rates are at an all-time high. Our real estate market has never been as hot as it is now.
2. Interest rates are at an all-time low. When you do buy, it’ll be at historically low rates.
3. Buyers are serious in the winter. If a buyer is serious, they won’t wait until spring, and the looky-loos will stay home during freezing weather and snow.
4. Your home is nicely decorated. When your home is decorated for the holidays, it looks like a beautifully wrapped gift and shows well. Who doesn’t want to unwrap a gift?
5. Less competition. Selling in the winter is a preemptive strike, your house is on the market before all the other competition hits in the spring. Your property is likely to fetch the most money and attention during the winter months.
6. Sellers have more leverage. Since buyers need to purchase—you can set the terms and conditions of the sale. This means you can build time into the contract to find a home to buy, if needed.
7. Think of the big picture. A home is probably something you’ll own for a long time, so if you’re selling at a high price and buying with low interest rates, your finances look better long term.
8. Back-up plan. Selling in the winter is a short-term sacrifice for a long-term gain.
9. Have a full-time Realtor. Finding a real estate agent that can help you through the process is easier this time of year because they aren’t so swamped with other clients. An experienced agent will be able to help you do two transactions on the same day if necessary.
10. Have faith. As George Michaels said, you “gotta have faith.” Everything will be fine; a winter sale isn’t frightening, you simply have to be prepared.
If you have any reservations about selling in the winter or questions concerning real estate, please don’t hesitate to reach out to us via phone or email. We’d be glad to help you through the process.