If you’re fearful of being left in the cold by selling your home this winter, rest assured you are not alone!
Did you know that more than a million homes are bought and sold across America at this time of year?
Here are some advantages to a winter sale:
Fewer sellers
Many owners forget they compete for buyers against other sellers in the neighborhood when they sell. Industry data suggests there are almost 20% fewer sellers during the winter months, so that’s a big advantage.
Buyers buy
Only serious folks make the journey across town to check out another property in their search for a new home. Often winter buyers face their own deadlines: the end of the year signals a lease expiry, employment contract changes and when companies transfer staff to new locations.
Tax advantages
Buyers who strike a deal before December 31 may benefit from tax concessions relating to mortgage interest, real estate taxes and premiums for private mortgage insurance. That can add up to several thousand dollars.
Stay disciplined
Remain vigilant in preparing your home despite these advantages. A well-presented property will attract bids several thousands of dollars higher than a home requiring a little TLC. So, take these basic steps when selling this winter:
Restrain yourself when it comes to Holiday decorations. Avoid outside reindeer and snowmen with neon lights, and keep it minimal indoors, too. A tastefully decorated tree is sufficient. Folks are there to see your home.
Keep the garden tidy, sweeping away leaves and other debris. Make sure buyers do not negotiate icy paths.
Your home should always be warm when buyers visit. If you have an open fire, get it fired up. The rest of the home should be well-heated, too.
Arrange furniture and curtains to let in as much natural light as possible. Also, turn on lights in every room to avoid any room feeling dark.