The general rule of thumb is spring is the best time to sell your home. Most Realtors experience a “spring rush”, but there are many reasons to consider selling your home during the winter months rather than wait until spring.
1. Less Competition
As you are driving around town, you probably don’t see many ‘For Sale’ signs. Typically in the winter, there are frewe homes for sale, which means less competition. Real estate is affected by supply and demand. The fewer homes there are for sale, the better chance you have of securing a buyer and the more negotiating power you have as a seller.
2. Historically Low Mortgage Rates
Mortgage rates continue to be historically low, bringing more home buyers into the market. While rates may stay low throughout 2021, rates typically increase in the spring as a result of supply and demand. Most home sellers are going to turn around and buy another home. Selling now means you are in a position to take advantage of today’s low mortgage rates.
3. Motivated Buyers
The spring selling season tends to bring out a lot of ‘looky loos’… people that aren’t really serious buyers and are merely interested in seeing what the market is like. Home buyers looking in the winter months are generally more serious and motivated to buy now. Serious home buyers look no matter what season of the year it is.
4. Quicker Transaction
There are fewer real estate transactions happening now than there will be in the spring selling rush. This means mortgage companies have fewer loans to process, attorneys and title companies have fewer closings, and home inspectors home fewer inspections to perform. The result of fewer transactions is better communication, better service, and less hassle. A closing with less stress will make your home selling and buying experience much more pleasurable.
After considering these factors, if you are in the market to sell your home now, let the Sandra Nickel Hat Team assist you with your sale. Call them today at 334-834-1500!