Selling your home in the winter is often a topic that comes with split opinions. The housing market often quiets during the colder months, and while this might deter some people from deciding to put their home on the market, it can actually be a huge benefit to home sellers. However, when determining whether or not selling in the winter is the right choice for you, there are a few factors to take into consideration.
We’ve highlighted a few of the top benefits that come with selling your home in the winter months.
Selling In the Winter: Less Competition!
Perhaps one of the biggest benefits of choosing to sell your home in the winter is the fact that you’ll face less competition. Many people choose to wait for the busier spring and fall markets before listing their home, but choosing to sell in the slower months means there will be fewer homes on the market, which gives buyers much less inventory to choose from. This can not only give your home more visibility, but it can also help attract more serious buyers.
Buyers Are More Motivated
Another great reason to choose to sell your home in the winter is the fact that most buyers who are house hunting in the slower seasons are seriously looking to buy and will often be more motivated to make a home purchase. While there might be less buyers actively looking during the winter, you’ll likely encounter buyers who need to make a purchase, whether it be moving to a larger home or moving for work. Because of this, you’ll be able to capitalize on the lack of inventory and really make your home stand out to potential buyers. Real estate agents will also be more focused and motivated in the winter months, as they are likely dealing with the cooler market as well and will have more time to dedicate to their buyers.
Highlight Your Home’s Energy Efficiency
One of the best ways to make your home stand out in the market during the winter months is to really showcase its efficiency. There is no question that Canadian winters come with their fair share of cold temperatures and sometimes unpredictable weather, so this is a great way to take advantage of it. Things like quality window treatments, recently cleaned air ducts and vents, and a tankless water heater are all things that help make your home more efficient, so make sure those features are shown off to potential buyers. Installing smart thermostats is a simple, relatively inexpensive upgrade that you can make to your home before putting it on the market to really make it stand out.
While selling in the winter might not be the most common thing to do, it can come with a variety of benefits that could lead to you finding the perfect buyers for your home!