Four Big Reasons To Sell Your Home During the Winter

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One of the most common things a real estate agent hears from home sellers during the winter is that they want to wait until spring when the buyer's market begins.  Unfortunately, this is a terrible way of thinking and may cost you thousands of dollars on the sale of your home.

There are four main reasons why it's a great idea to sell during the winter months.  In fact, I'm selling my own home right now because of these four important points.

No Tire Kickers in the Cold

First of all, you have to understand that the buyers who are looking during the cold, winter months are much more serious than buyers that are out during springtime.  Believe me when I say that there are no “tire kickers” wandering around in 20° temperatures.  Buyers who are out looking at properties during the winter months are very serious.  They are not looking at dozens of different houses like spring buyers do.  Instead, they are zeroing in on properties that fit their needs, and they are making offers quickly.

Less Competition = More Money

Secondly, there's a lot less competition during the winter months.  This is mainly because home sellers are under the mistaken assumption that it's better to sell their house in the spring.  Less competition means more money for you as a home seller.  Because there are less houses to choose from, buyers are much more serious when making their offers.

Interest Rates are Great

Third, interest rates are fantastic right now.  In fact, they are still well less than 4%.  That means that buyers are getting more house for the money.

A Perk For Springtime Buying

Finally, selling your house in the winter will allow you to turn around and purchase a home in the spring.  Why is this important?  You will get to sell your current house at a higher price and buy another home at a lower price in the spring.  Because there will be more houses available, as well as more buyers, home sellers are much more negotiable on their price during the spring months.  This will also allow you to be a non-contingent buyer so you won't have to wait on the sale of your home and potentially miss out on the perfect property in the spring.

As always, we are here to help you with any real estate need that you have.  Give us a call today to discuss your next real estate transaction.