With Winter firmly in sight, it’s time to address the misconception that it’s best to sell your home in Spring. Selling property in winter is a good idea.
Winter is typically a slow time of year for real estate sales due to this misconception, but selling property in winter offers unique opportunities that would otherwise be missed in the busy real estate summer months.
In fact, selling property in winter often provides a high sale price as buyer demand is still steady and with fewer properties to choose from, the seller has less competition.
Less inventory = more attention
Because everyone thinks they shouldn’t list their property, there are very few homes to buy during the winter months. However, potential buyers are still on the prowl. With a lot less competition, means a lot more interest in your property; more than you would get in a saturated market.
Less landscaping maintenance
Summer months require a lot more curb appeal maintenance with blooming foliage and flowers. Winter, the garden slows down. Less time required to cram in last minute gardening before open homes.
More motivated buyers
With winter open homes, you are more likely to get motivated buyers, who are actively looking for property. Fewer tire kickers means more purposeful open homes and viewings, with people more willing to pull the trigger and submit an offer.
Stable property value
With Less property on the market, yet with still a demand, the rules of supply and demand come into play. With less competition on the market, property owners are able to hold their prices, without having to succumb to competition pressure.
So there is no need to wait until the Spring months to put your home on the property market. Selling property in winter is a good idea. There are always people looking for real estate at any time of year, and it could work to your advantage. Need to discuss selling property in winter? Call your nearest Bellamy’s Associate who would be happy to advise you.