We’ve been taught to believe that buying and selling a home is best in the spring and summer, but the truth is, people are buying and selling all year round.
So, if you’re wondering if you should put off buying or selling a home until spring, why wait? You may be surprised to learn that there are actually advantages to buying or selling while the snow is falling and the temperatures are cool.
As the majority of buyers and sellers are not house shopping or marketing their homes for sale in the winter, there is much less competition.
Less competition can work for you in various ways; more negotiation power, speedier inspections and appraisals, as well as more flexibility with closing dates.
Furthermore, you, your agents, potential buyers, mortgage brokers, etc. will have much more time for showings, paperwork, and the like.
Buyers and Sellers Mean Business
If a buyer is trudging around in freezing weather or breaking away from their holiday schedule to look at your home, they must be serious. That’s because many winter buyers are working against a deadline, whether it’s an expiring lease, relocation or a contract on their current home.
The same goes for sellers, if they are marketing their home for sale in the winter, chances are they are motivated to move and would like it sold in the very near future.
One of the biggest months for corporate relocation is January, meaning that those buyers and sellers have a limited time to get their families moved.
The Internet is Always Hot
You probably already know that most buyers go online to search for homes, no matter what the temperature is outside. In fact, nearly all buyers (95%) used the internet during their home search in 2022. This instant access to property listings has had an impact on the typical seasons buyers look for homes.
Serious home buyers are always on the lookout—checking the latest listings on their tablet before bed or while waiting for their kid’s hockey game to end. So even though the weather may be changing, it won’t stop home buyers from shopping.
If you’re thinking of buying or selling in spring, why wait? Reach out to us today and let’s get started!