Should You Sell Your Home in Winter?
Over the years, I’ve asked sellers if they would consider listing their home in January, right after the first of the year. At first, they look at me like I’m crazy. Who sells a home in the dead of winter?, they wonder. But many sellers not only successfully make it happen, they end up better off. Here’s why you should sell your home in winter.
Buyers are always looking
In the past, buyers waited for spring to start their shopping because that’s when the majority of listings hit the market. Today’s buyers look at listings all day, every day. They have apps on their phone, get listings texted and emailed to them, and don’t care about the time of year. They’re looking for inventory and will buy homes well before spring. If you list in January, you’ll have an eager audience.
This time of year, buyers are thinking about finances and taxes
The end of the year often brings family events, financial activities and discussions about gifting for tax implications. Additionally, people take stock of their incomes, find out about work bonuses, and start thinking about whether they want to spend another year renting. Buyers start to take a second look at the tax advantages of homeownership, too. All of these factors can help push buyers out the door, ready to look at properties for sale.
When you sell your home in winter, the competition is light
Green grass, blooming flowerbeds, and a spotlight on outdoor areas make houses look more inviting. For these reasons, many sellers wait until spring to list. But savvy sellers know there will be fewer homes on the market this time of year, which means fewer competitors.
Also, smart buyers understand that a home won’t show as well as it would during warmer months. Having photos of your home during these times of year will help them envision it in spring and summer.
Tips for sellers
If you’re a seller who isn’t under any time restrictions and your home is in showing condition, consider listing in mid- to late January. You can always control and negotiate your closing deadline with a buyer. If someone falls in love with the home, they may not mind waiting until April to close.
Also, many buyers have been at it for many months (sometimes years). Come January, they’re tired of open houses on Sundays and the real estate hunt. They’re highly motivated, ready to wind up the long project of home shopping. This is your target buyer and, in part, they’re why it’s better to list in January than to wait until spring.
