Whether your home has been on the market all year and is about to expire, or you are trying to decide whether to wait till spring to sellÂ or find an agent to help you sell your home now, many people ask the question, Why try to Sell in the Winter?
I'm sure we've all seen people jogging in the spring, summer and fall months and don't take much notice.Â BUT, when we see someone jogging in the winter the reaction is, that person is a SERIOUS jogger.Â Same goes for buyers.Â There are generally less of them in the winter, but the ones that are out are more serious.Â Leases expire at the end of the year, some people are expecting wage increases or income tax refunds or bonuses.Â For whatever reason, winter buyers are generally more motivated.
From the buyer's side, no oneÂ can be sureÂ whatÂ will happen with interest rates.Â Every up tick of the interest rate erodes someone's buying power a little more. ( see my previous blog regarding buying power and interest rates for examples.)Â The bank owned homes that are so attractive the rest of the year don't show nearly as well when they are cold and dark, and the possibility of frozen pipes and plumbing issues are more evident.
From the seller's side, inventory is down.Â ( Not everyone will be as smart as you are and use the "off" season to their advantage.Â ) Less homes on the market makes yours stand out.Â Some houses look more like "homes" during the holidays when they are decorated and cozy.Â The internet makes it easy to preview propertyÂ without venturing out into the weather, and there are less properties to preview !
Real Estate sells year round.Â An agent with a good marketing plan can keep your house available over the holidays, without interfering with your family celebrations.Â What better way to ring in the new year than with an accepted offer !
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