Is Sellling My Home A Good Idea In The Winter?
As November winds down in this final week, the market continues to chug along nicely! I have been asked by multiple clients if selling a home in the winter is a good idea? My response was yes. Maybe not every winter but this winter the Durham Region Real Estate Market is showing low inventory levels and homes continue to sell. This week alone we saw 25 more homes sell vs the prior week. Below is 5 reasons why Selling A Home In The Winter Is Smart. If you would like a free-home-evaluation to determine your homes value in this winters market, with absolutely no obligation. Please don't hesitate to contact Matt Phillips, Low Commission Real Estate Agent with Century21. Now you don't have to choose between service and savings-Get Both -----> discount-real-estate-agent-in-oshawa
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Low inventory = less competition
Since spring is the most popular home-selling season, the housing market is ultracrowded with options at that time of year. And if you paid attention during Econ 101, you understand the law of supply and demand. Most sellers still think they need to sell in the spring, but that means there is more competition for buyer's attention. But in the winter, there are fewer homes for sale. That competition over low inventory can make winter an ideal time to sell your home. In the Durham Region Real Estate market, January is one of the strongest months for homes to go under contract.
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You get to show your home’s winter-readiness.
Selling in the winter also gives you the opportunity to show that a home is designed to handle the harsh elements. Sellers in places like North Durham Region can show off features like a south-facing driveway to speed up snow melting, how snow will fall off of a roof, a short driveway that will minimize shoveling or plowing, heat tape on the north side of the roof to avoid snow accumulation, and how recently the roof, furnace and windows have been replaced. Plus, during winter months, homes with features like fireplaces and hot tubs are certainly more appealing. -
New parents may be looking to upgrade
The baby boom in September may lead to more buyers later in the year. According to data from the Center for Health Statistics and the Social Security Administration, there are more birthdays in the month of September than any other time of the year. Therefore, there's likely to be a crop of growing families looking to buy a larger house. Once baby is home and settled, these parents may want to start the year in a new, and more spacious, family home.
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Winter brings out the serious buyers.
News flash: Not everyone looking at houses intends to make a purchase. Some people are contemplating moving and may just want to see what's on the market. Since more homes tend to go on the market in spring and fall, this is also when window shoppers are likely to be out looking. However, these looky-loos tend to be scarce during winter months. When I have buyers looking for homes in January and February, they’re real buyers looking to make a purchase—especially if it’s a great house. They don't want to take the chance of waiting until spring and losing out on the home. There may be less people at these open houses, but I would rather have 10 real buyers come through than 20 people who are just curious. Click on homes-for-sale-in-north-oshawa for a list up to date homes for sale in Oshawa. - Corporate relocation. You could also encounter buyers who are relocating for a job. One of the biggest months for corporate relocation is January/February, so those buyers, who need to move quickly, are out in full force looking for new homes. If Relocators typically have a limited amount of time to uproot their families and, as a result, don't have the luxury of spending a lot of time looking at properties. The kids need to get settled into school, and dealing with selling their old home can add another level of urgency and stress. So it's likely that once they find a home that meets their requirements, these buyers will be ready to sign on the dotted line.
If you're thinking of selling and want to save thousands and I mean thousands please see discount-real-estate-agent-in-oshawa to learn how.
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