Is Selling Your Home in the Winter a Good Idea?
Should you sell your home in winter? What are the pros and cons of selling a home in winter? Let us answer these questions in the following sections.
Pros of Selling a Home in Winter
Find Serious Buyers
Most people restrain themselves from doing the search for homes during winter months. Those who are actually searching for a home in winter are really serious and are good prospects to interact with.
As a seller, it would mean less wastage of time and you will have serious offers to choose from. These buyers do not want to wait till spring or fall, since by then there will be more buyers and they may lose out on that great house.
Highlight Winter Readiness of Home
When you sell the home in winter, you are able to showcase a homes winter readiness and how well it is able to bear harsh winter weather. For instance, if you have a driveway that is south-facing then you can showcase how well it is able to expedite the snow melting process.
Similarly, highlight the benefits of a short driveway, which will help in minimizing the plowing or shoveling of snow. You can also show how well heat tape has been used on roof's northern side for avoiding snow accumulation. In addition, if your home has winter features such as hot tubs and fireplaces, then it will generate greater appeal in prospective buyers.
Face Less Competition
Spring is considered to be the season when most of the home selling activity takes place. It means you will have to face a lot of competition to sell the home and it will also could negatively affect the price you are able to get.
On the other hand, there are less homes listed for sale and good demand for such low inventory will help you get the right price for your home. Since there are fewer properties listed, making your house stand out through marketing will be an easier task.
Cons of Selling Home in Winter
Limited Curb Appeal
In the harsh winter months, it becomes difficult to show off landscaping and other exterior details, which can be a major attraction for many buyers.
Delays in Financing
Bank holidays and long vacations can make it difficult for buyers to get financing on time.
Lack of Multiple Offers
In Spring season sellers get multiple offers and can improve the selling price they are able to get. Such a thing is not possible in winter months due to fewer buyers.
Difficult Evening Viewings: Many working professionals prefer evening viewings, which can be difficult in winter months. Due to shorter days, natural light will be lacking and can be detrimental if it is one of the main features that you want to highlight.
As we can see, there are several benefits as well as disadvantages of selling your home in winter. You must thoroughly weigh in all the pros and cons to understand whether it will be beneficial for you to sell in colder mon