It might not seem like it at first, but selling your home in winter could be the best decision you make. Most people think about moving or selling their house during the spring, but there are some serious advantages to listing your home for sale right now, in the dead of winter. Let’s take a look at this hidden opportunity below.
Quicker Loan Processing
In the real estate business, it’s true that spring is a very busy time. Spring is when things bloom, houses have excellent curb appeal, the weather is great for showing houses, and parents of children are looking for their new home before the next school year.
During the winter months, when things aren’t quite so busy, lenders tend to process loans much faster. This means that when your buyer goes under contract, their financing can be prepared more quickly, speeding the process along.
Lower Housing Inventory
You don’t need a degree in Economics to understand the law of supply and demand. As supply lowers, the demand for that commodity increases. This principle certainly applies to the housing market, with the lack of houses on the market driving up the demand (and price) for them. According to David Kennedy, president of Canopy Realtors Association, 2021 marks a record-breaking low inventory that traces back to the 2008 housing market crash. With even fewer houses being listed during the winter months, your home will stand out as one of very few options in a time of high demand.
Most people avoid listing their homes to sell during the holidays. It can be tricky juggling selling a house and holiday plans. At the same time, many people relocate for jobs beginning in the new year and need to move during this unconventional time.
With fewer homes listed on the market, your home quickly becomes an option simply because it is available. In time for that new job or school starting in January, the need to get into a new home can prompt buyers to be highly motivated, leading to a faster sale.
The Most Wonderful Time of the Year
Selling your home in winter has the added benefit of increased curb appeal from holiday decorations. All those lights, pretty wreaths, and cozy displays add undeniable charm to your neighborhood. Plus, if your house has a fireplace or hot tub, those features will be extra appealing. Play up your home’s winter festiveness, and make it as warm and inviting as possible.
For showings, make sure you turn up the thermostat a few degrees so that buyers can quickly warm up as soon as they’re inside. Candles, throw blankets, and textured pillows can all add to the cozy vibe. Make sure to provide a place for shoes and boots to go and coats to be hung. And no one is ever mad about freshly baked cookies.
Make Selling in Winter Even Easier
Selling your home in winter doesn’t have to be stressful. At Joe Homebuyer Triad, we can make the process completely painless. We provide a fair cash offer for your North Carolina home, no matter the condition, and can finalize the sale in as little as seven days. Give us a call at 336-530-5715 or contact us online to request your no-obligation offer today!