Is Winter A Good Time To Sell My Home?

By
Real Estate Broker/Owner with Amanda Davidson Real Estate Group 0225221517

Is Winter A Good Time To Sell My Home?

We have been receiving this question from past clients and potential sellers frequently. We receive it every year around this time but, it seems to be more pronounced this year. With the election finally over and a shift in interest rates those considering selling have an uncertainty on the current conditions of the Northern Virginia real estate market.

 

We can tell you that we are moving homes very quickly right now. We are also working with a lot of buyers actively seeking their next home. They have a sense of urgency because they want to go under contract before interest rates increase again. Homes that show well, are priced according to the market, and that are in a good location are moving quickly – within a matter of days. It’s a common misnomer that winter isn’t a good time to sell and quite frankly it’s just not true.

 

Is Winter A Good Time To Sell My Home?

 

The bad news for buyers right now is interest rates have gone up. On November 7 they hit an all-time low of 3.47% but, since then have gone up to over 4%. As a buyer there are two things you should know. Yes, interest rates have gone up, however, they are still historically extremely low and worth taking advantage of. The second thing to know is many sellers who had held off on listing due to the election have now put their home on the market. Inventory isn’t as tight as it was in November and that’s good news because you have more homes to choose from. By no means is inventory plentiful but, it's not as low as it was.

 

There are also many reasons to be optimistic for the future. Tax breaks that have been promised could reinvigorate the luxury home sales market. Homes in this segment are still moving but, are taking a bit longer to go under contract in Northern Virginia. This could have a ripple-down effect throughout the rest of the real estate market, spurring sales and construction of mid-level and lower-priced housing. If regulation loosens this could further stimulate construction and make it easier for buyers to obtain mortgages. While these are long-term improvements to look forward to, there's one thing to be grateful for right now: the election is over. It certainly seems things are getting back to normal as people come to realize the world's not ending. In fact, many people who were waiting on the sidelines while the election was going on are now entering the real estate market. Don’t let winter hold you back, it's a great time to take advantage of this if you are selling.

 

Is Winter A Good Time To Sell My Home?

 

Home prices are near record highs. If you'd like to get an idea of what your home is currently worth, check out this calculator which takes into account recent Northern Virginia sales:

 

Enter your home address to find out what your home is currently worth

 

If you’d like to talk about where the Northern Virginia real estate market might be headed in the next couple of months or just have questions you’d like to have answered give us a call at 703-988-3151. We’re here to help and would be happy to talk with you.

 

 





Posted by

 

Amanda Davidson Real Estate Group

 

 

      

 

Amanda Davidson

Amanda Davidson Real Estate Group

Broker - Owner
Licensed in VA and DC

6485 Old Beulah Street
Alexandria, VA 22315

Cell: 703.431.3755
Fax: 703.562.7057




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Topic:
Real Estate Market Trends
Location:
Virginia Fairfax County Alexandria
Tags:
selling your home
winter
alexandria real estate
home sellers
selling your northern virginia home

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Rainmaker
3,563,097
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Amanda, great post to homeowners wondering about listing their home.  Our winter has been pretty mild, so sales are still very good.

Dec 26, 2016 11:00 AM #1
Rainmaker
534,846
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Hi Amanda S. Davidson I would sayd depending on what time in "winter".. Right now is not the best time in my area, as things slow down at Christmas.  Right after the New Year, around mid to end of January, the market really picks up.. and its still winter.. but the market is hot!

Dec 26, 2016 11:04 AM #2
Rainmaker
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Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Great post now is the time to buy not later for all the reasons you stated. Thanks for sharing I wish you a successful year in 2917'.

Dec 26, 2016 11:07 AM #3
Rainmaker
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Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Amanda -- we even get that question in normally sunny(although a bit chilly in the 50s right now) Southern California.  My answer is typically "it depends" not on the weather but on their objectives  

Dec 26, 2016 11:14 AM #4
Ambassador
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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

This has been a particularly active winter for selling and buying in Silicon Valley, too.

Dec 26, 2016 02:18 PM #5
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Great advice, Amanda S. Davidson - and yes, even though they are up from October, they're still considerably low!  If you're on the 'border' of affordability, it may be the best time to act...if only we could get some INVENTORY!  Happy Monday!

Dec 26, 2016 03:03 PM #6
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Amanda.  Those folks trying to time the real estate market often loose out on great opportunities.

Dec 26, 2016 04:29 PM #7
Rainmaker
4,649,142
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Home sellers will be in very good hands when they select you as their listing agent.

We had Christmas dinner with family members at their home in Alexandria.

Dec 26, 2016 04:47 PM #8
Rainmaker
1,999,342
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Winters in Arizona are usually are busiest times of the year, for some reason people enjoy 70 degree days in winter, haha.

Dec 27, 2016 05:38 AM #9
Rainmaker
1,332,012
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Thank you all for your comments! I agree, it definitely varies by market but, here in Northern Va it's a solid time to sell. Very very active Winter and I think alot of it stems from buyers wanting to take advantage of interest rates while they are still low. 

Dec 27, 2016 10:31 AM #10
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Yes, I am hearing this same question and telling the sellers, sooner than later. our inventory is extremely low and those on the market now will get offers. Great job on the video, Amanda.

Dec 27, 2016 02:07 PM #11
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Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-755-2905

Amanda, it's really interesting to see in a place that is more temperate than here, that you get that same kind of reaction about the misnomer! I tell people all of the time, there is no "season" at Fishhawk Lake! I've had such a busy time right now--it's C-R-A-Z-Y. Snow on the ground, cold, wet, icy and still people are flying in from all over to come look at homes at the lake! Mind-boggling to some. 

Business to us, right??!!

Dec 29, 2016 12:01 PM #12
Rainmaker
2,355,070
Rebecca Gaujot, Realtor®
Perry Wellington Realty, Adam Conrad, Broker - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Great post with good reasons to buy and to get homes on the market.  Your videos are great! Happy New Year, Amanda.

Dec 30, 2016 06:20 AM #13
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Other than around Christmas time it can be. Fewer buyers but more serious buyers, and fewer listings.

Jan 28, 2017 09:44 AM #14
Rainmaker
489,832
Jon Quist
REALTY EXECUTIVES TUCSON ELITE - Tucson, AZ
Tucson's BUYERS ONLY Realtor since 1996

Winter? Winter? In Tucson, winter is a great time. Our population, and potential buyer pool, actually gets larger, as we always get an influx of winter visitors, escaping the Northern climes.

Jan 28, 2017 11:09 AM #15
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Alexandria Virginia Homes For Sale
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