The majority of people tend to want to list their property in the Spring. This time is usually the more popular time of year to sell a property; however, if you decide to sell your property during the winter months, you may receive the benefits of a quick sale at an excellent market value. I can say that I have personally had some of my best months in real estate in the KW Region during the holiday season. The myth that "the markets are very tough to sell in the winter" is totally misleading. In my opinion, I believe that selling in the winter months can get your home sold quickly.
Here are some of the top reasons why you should consider selling your home in the winter.
1. Low Inventory
The good news for the KW Region is that there is a demand for properties. When there is low inventory, there is less competition. When people choose to list their homes in the springtime that is when market gets ultra crowded with competition. When you sell during the most popular home-selling season, sometimes homes tend to stay on the market longer, and prices may have to be adjusted in order to sell. There are some cases where supply and demand dictate the market.
2. Show off Your Home’s Features
When you sell in the winter, it also gives you the chance to show off some of your features like fireplaces and hot tubs. People can see that your home is efficient and can handle the harsh winter elements.
3. New Parents
Parents who have just had a new baby during September and October may be looking to upgrade to a larger property.
4. Corporate relocation
When people have to relocate to a new job in the KW Region, those people need to move quickly and are searching in full force for their new home. One of the most significant months for corporate relocation is usually in January and February. Relocators don't typically have a lot of time to move their families and can't spend a lot of time looking at properties. Once they find their ideal home that meets their desires, they are ready to put in an offer and sign on the dotted line.
5. Serious Buyers
Many people are looking for there ideal home and haven't found it yet. It could have lost an opportunity to buy a home because they got outbid by another buyer. These type of buyers that are seriously looking to find that ideal property and make a purchase because they don't want to take the chance of losing it.
6. Promotions, Financial Bonuses, and Payouts
When people get a job promotion, bonus or payout is when they want to buy a larger home. Year-end performance reviews and promotions tend to happen at the end of the yeat which could mean that more they have money to spend on a property.
This is when someone browsing real estate listings finds your listing and instantly falls in love with it. It's all about timing.