Timing is everything when it comes to selling a house. Spring and Summer bring in buyers. People enjoy the warmer temperatures, the days are longer and some are looking to make a change before schools go back in session. But what about the winter months? It may not seem like the best time to sell your home, but there are several benefits to listing your home when the temperatures drop.
Here are 5 benefits to listing your home during the winter months:
Timing is Right
In Spring and Summer, people oftentimes come into open houses without any clear or set plans to buy. Buyers who house hunt during the holidays are serious, often using time off work during the holiday season to look for a new home. They won’t want to brave the cold weather and use this precious time looking at houses they aren’t actually interested in. As an added benefit, the housing industry is slower overall during the holidays so the approval and closing process may be quicker.
Fewer homes are listed during these months for various reasons, such as worrying about snow and mud being tracked through the house or having to ensure your house is show-ready. Less competition creates an increased demand for your home and more money for you!
Holiday buyers may be more likely to make decisions based on how a house makes them feel. Sellers can stage their homes in a way that gives people a warm, homey vibe. Use holiday decor to highlight what makes your house special. Brightly lit holiday lights and a festive noble fir wreath can provide a welcoming curb appeal. The smell of warm sugar cookies, a warm fire and tasteful decor can highlight your home as a potential hideaway from the cold weather.
Many buyers need to purchase a home before the end of the year for tax purposes. According to NerdWallet, there are several tax benefits of buying a home such as deducting mortgage interest, property taxes and interest cost of the loan if a sale closes on or before the end of the year, and potential home office expenses if your home is used regularly as your principal place of business.
Negotiate for Convenience
Buyers using holiday time to purchase a house might not need to move right away. This allows you to negotiate for a delayed closing after the busy holiday season when moving is more convenient.
No matter the season, selling your home can be a daunting process. But it doesn’t have to be! Hiring an experienced Realtor to guide you through the ins and outs of the home selling process will significantly reduce stress and increase your home’s profitability.
Looking to sell your home? Contact us today to see how you can benefit from listing during this holiday season.