The Benefits of Selling Your Home During the Winter

 Should you sell your home in the winter? Today I’ll give you some points to consider.

Why might you want to sell your home during the winter? Here are a few reasons:

1. Buyers are motivated. Buyers on the market during the winter have a sense of urgency to purchase a home, and as such, they may overpay for the sake of time and convenience.

2. Homestead exemptions. Many people want to purchase their home by the end of the year so they can take advantage of the homestead exemption. If they wait until January 1, they’ll pay their taxes a year later. As we’ve seen, home values have been rising, which in turn means that property taxes will be higher for them.

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By selling during the winter, you have less of a chance of attracting tire-kickers and looky-loos.

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3. There’s less competition from other sellers. Since most people tend to list their home in the spring and summer, it creates a mass entry of inventory; buyer demand can’t always keep up. Selling in the winter means that there will be fewer sellers on the market, which means that buyers will notice your listing more than they might in the spring.

4. There’s less of a flurry of activity. By selling during the winter, you have less of a chance of attracting tire-kickers and looky-loos, which means you’ll waste less time on entertaining non-serious buyers. It also means you’ll spend less time on home showings; since winter buyers are more serious, it may only take one showing to one person to get your home sold.

5. Title companies and mortgage lenders are often overbooked with business during the summer. Because of this, they sometimes rush through the process and provide lower-quality service. In the winter, they don’t have as many transactions to deal with, so the service quality tends to be higher. When certain details are missed or overlooked by mortgage and title companies, it can cost you money, time, and convenience.

I hope this information was insightful and impactful to you. It is, however, important to keep in mind that we will not universally recommend selling your home during the winter; each market and home seller situation is different, and our guidance will be influenced by your neighborhood and market.

If you have any questions about selling your home during the winter or were already considering doing so, we would love the opportunity to help you. Feel free to reach out to us anytime.