Experts disagree on whether selling your home in the winter is a good thing or not. A realtor in Canada says that it’s bad for sellers but great for buyers. However, the stats don’t lie. Homeowners have a 9% greater likelihood of selling, sell a week faster, and sell for 1.2% more relative to list price than homes listed in any other season.
No matter which side of the table you’re on, here are four solid reasons for selling your home in the winter.
1. Winter has serious buyers
There tends to be fewer people on the fence when looking for a home in the wintertime. Generally, there are more serious buyers. There are fewer window shoppers, unlike in the spring and summer months.
2. Company relocations
Some of the biggest months for corporate relocations is January and February, so there are buyers who are looking to move quickly. People who are relocating have a limited time to uproot their families and don’t have much time to look at properties. They are serious buyers who are willing to sign on the dotted line once they have found their dream home.
3. Time spent on landscaping is reduced
You’ll spend less time landscaping and more time staging the inside of your home by selling in the winter. The snow may also hide some less than ideal conditions on the exterior of your home, but remember that sellers have a year to remedy in some states so always disclose everything that you know needs to be fixed.
4. Less competition
Since there are fewer homes on the market during the winter, your home is likely to get more attention before the market becomes saturated in spring and summer.
5. New parents on the path to upgrade
September is the most popular birth month in the United States. There is a baby boom that month according to the Social Security Administration and Center for Health Statistics. New parents may be looking to upgrade their homes in the wintertime.