Recent mortgage increases have seen many homeowners delay their plans to sell, which means we now have a shortage of stock in the neighborhood.
So if you are still thinking about selling, a move this winter could be a good idea as there are currently less properties on the market that you’ll compete with which means buyers have less choice.
Listing your house for sale around the Holidays is also a great decision if you want to beat the wave of owners who typically go to market in the spring.
In truth, there’s never a bad time of year to sell.
You should do so when it suits your circumstances. The time of the year: winter or summer, fall or spring, is a secondary consideration.
Some top tips to consider:
Motivated buyers
A hallmark of real estate in winter is the behavior of buyers. Generally, they want to strike a deal and move in as quickly as possible. Many are being transferred by their employer, so they’re on a deadline.
Reduced competition
With many sellers staying off the market, this is your best chance to maximize the value of your home. It’s a classic supply-and-demand scenario. Restricted choice means buyers will have only limited leverage in negotiations.
Free time
Folks tend to take days off work as the Holidays approach, but they don’t necessarily go on vacation. If they’re looking for a new home, they’ll have more time to do so.
Fewer time-wasters
Lowball offers from folks trying their luck are rarer in winter. These people won’t distract from genuine buyers who see the true value in your home.
Price focus
Fewer properties on the market will help us find the right buyer and achieve the best possible price.
Maintenance essential
The ravages of winter can expose maintenance problems. So it’s important that you have taken care of fixing draughts, especially around baseboards, doors and windows. Ensure gutters are clean and all paths are swept before a buyer visits.
Curb appeal
During the colder months put your focus on making your front yard tidy and free of debris, such as fallen leaves and small tree branches.