Just because it’s cold, doesn’t mean it’s time to crawl in the house, kick the sign down and wait it out! Though winter is known in many areas as the “slow” months for real estate, the fact is, each year many homes are sold at great prices. If you’ve been thinking about selling a home, here are several reasons you should warm up to the idea of selling now.
There are fewer competitors. Most sellers take their homes off the market right now. Homes that are listed for sale during the Summer are wanting to see if they can get their home sold, sellers who are serious about selling will put their home on the market in any season. Buyer’s looking at this time of year tend to be extremely motivated. Who wouldn't be eager and ready to buy looking in Cincinnati when temps are in the low 30's? Their eagerness to buy quickly could score you as a seller a great buyer.
Waiting could cost you. It’s never easy to predict when interest rates will go up, but even an increase of 0.5% will add thousands of dollars to a buyer’s costs over the life of their mortgage loan. This could make your home unaffordable in the future to someone qualified for it now. Consult with me to learn about pricing trends the Ohi and Kentucky area. Many Sellers tend to wait to see if prices will rise further and often miss out on great deals. It’s better to say “I’m glad I did” rather than “I wish I had.”
Don’t wait, the buyers are out there and the current inventory of homes for sale is at a 10 year low. Yes 10 year lo....So the answer is YES!!! You should sell during the winter months!