Should I Sell My House in the Winter?
Many people who are thinking about selling their house ask if they should sell their house in the winter or wait until spring. The theory is that less people move in the winter than the spring, thus a smaller pool of buyers. While this is true, there is also more of an inventory shortage in the winter, which can be a great advantage to the seller. This, in turn, can help drive up the prices of homes. According to Zillow, winter home sales have increased while days on the market have decreased. Keep reading for reasons why you should sell this winter.
Less Inventory in the Winter
Many sellers wait until spring to put their house on the market for a variety of reasons, creating less inventory in the winter months. For buyers, it means a smaller selection of houses. Thus, those needing to move due to a job change or relocation are forced to choose between what is on the market. Less houses on the market means you may be able to get more for your house than you would in the spring when the market is flooded with sellers.
More Serious Buyers
Many of the “buyers” in the spring are just tire-kickers, or people just wanting to see what is out there and not really interested in purchasing a home. However, those looking at homes in the winter are generally more serious about buying. The less serious buyers are likely to spend their time at home with family during the winter, and window shop when the holidays are over and the weather is nice again. The winter brings out the motivated buyers, those moving because of a job change or changes in financial condition.
Opportunity to Showcase Your Home’s Winter Warmth
It’s no secret that staging a house and showing off the best features are critical when selling your home. While winter may not be the ideal time to show off that striped lawn you are so proud of, this is a great opportunity to focus on the warmth of the inside of the house. An inviting entryway and nice fireplace can evoke the emotional side of the buyers. After all, who doesn’t love the thought of cozying up next to the fireplace with a cup of hot cocoa after a day in the cold. And if you’re listing your house around Christmas, this is the perfect time to decorate your house with lights and garland. Just make sure to keep the focus on the house…you’re not looking to compete with the Griswald’s.
If you are ready to sell your house fast and don’t want to wait until spring, give Burnett Home Buyers a call. We buy houses in any condition, any time of year, and can close in as little as seven days!