Hello, November! Winter's right around the corner, and it's only a matter of time before the holidays kick in, Historically, the housing market is stone cold, just like the season, and as a result, not a lot of sellers list their home. But is it really smart to follow suit in not listing your home during the winter months? Well, here are three reasons why you SHOULD list your home during the winter season!
1. Limited Inventory
Less homes during winter means less competition! We're still facing low inventory challenges at the moment but wait until winter kicks in and it's just going to be much colder throughout the season. However, on the flipside, this means limited choices for house hunters compared to spring and summer. Taking this position is a power move - less competition, less choices, more chances of selling the home.
2. Rising Interest Rates
In our market today, interest rates keep rising, which makes the waiting game obsolete for most buyers. Waiting for the interest rate to go down any time soon is like waiting for a miracle to happen, which almost always doesn't come to reality. Smart buyers would rather buy a home now than wait for the next seasons to even risk waiting for the interest rates to go down.
3. Motivated Buyers
Not a lot of buyers would love to go out during the winter months and do house hunting, but the motivated ones sure are willing to give it a go. Winter season buyers are the most committed, given the circumstances mentioned above plus the cold weather, so you're sure that a settlement is most likely to take place just because of how easy it is to work with them during the Winter season.
The experience in selling a home during winter varies from one seller to another. To strategize properly, make sure to work with a local realtor that understand the market and how to sell your home during the winter months.
Any questions on how you can sell your home? Let's talk about your options today!