Why Is Winter the Best Time To Sell Your Pennsylvania Horse Farm?
I have heard many consumers and property sellers will not list their property or farm in the winter believing that their property will not sell this time of year. Quite the contrary. Winter is a great time to get your farm sold.
How can that be? Here are the reasons:
- Serious Buyers are in search of properties year round, which means Buyer demand continues to be strong. Buyers are often competing with one another for the few farm listings that are available.
- There is less competition in the Sellers market. Housing inventory during the winter is less than the 6 month supply that is needed for a normal housing market. What does that mean? It means that throughout the country, there are not enough properties for sale to satisfy the the number of Buyers on the market.
- This may be the best time to move up. It is projected that the real estate prices may appreciate by 4.8% over the next year according to Core Logic. If you move up to a higher priced property, and you end up waiting, it will cost you more in down payment and in mortgage payments.
I can honestly say that I have sold horse properties and farms during the winter months. The most recent one was in mid-January. It was a 32 acre farm in Luzerne County in the Poconos. Other properties that I sold in the winter months, just to name a few, were:
- 72 acre working farm in Northampton County
- 10 acre horse property in Lehigh County
- 12 acre property in Northampton County
- 25 acre horse farm in Northampton County
As you can see, farms and acreages are selling in the winter.
Would you want to be one of these statistics?