It’s not a secret that a couple months after we ring in the New Year every year, we see a “Spring Rush” in the real estate market. As home sellers come out of hibernation, home buyers also seem to come out of the woodwork. This ebb and flow has many people thinking that they need to hold off on selling their home until Spring, which is the furthest thing from the truth. There are many advantages to selling your home in the wintertime that can give you a leg up on selling your home quickly and at the right price.
Here are some reasons why wintertime are perfect times to sell your home:
- The inventory of homes for sale now is down and consequently buyers who need to buy are less likely to negotiate aggressively for desirable properties. Waiting until spring will mean a seller will have more competition. In addition to the seasonal increase, new home construction is increasing and more home owners who are moving out of negative equity situations will be putting their homes on the market.
- With less overall transactions occurring, mortgage lenders, appraisers, and inspectors are less overwhelmed and the selling process is likely to be smoother and faster.
- If you are moving up to the house of your dreams, it is unlikely it will ever be cheaper. Prices are projected to appreciate and you can lock in your costs of housing for years to come at historically low interest rates.
- You can remove the uncertainty and stress of waiting by taking control. Instead of a home sale keeping you from moving on with your life, you and your family can start living the way you want. If a home sale is affecting your health, your financial well-being, or time with family, it could be time to take stake of what’s really important.
If you’re ready to move before Spring, putting your home on the market during the colder seasons can create the perfect combination of factors to sell your home as quickly and easily as possible.