Selling your home during winter is not considered to be an excellent idea by public opinion. Everyone has this notion that selling your home is reserved as a springtime activity, but we disagree.
There are plenty of reasons for this idea. This chief one being that people aren’t in the mood to buy or sell homes during this time of year. It’s the season of gift-giving and partying, not voluntary administration.
Snow and negative temperatures aren’t fantastic house-viewing weather, either.
In reality, though, you’re missing out on significant advantages by NOT selling your house during the holidays. There are plenty of benefits, and we’ve listed a few considerations below:
1. There’s less competition than other times of the year
The holidays aren’t a time that most people choose to sell their homes. It seems like too much of a hassle, and they would rather use the season to relax.
The great thing is that this apathy works in your favor as a potential seller. There is less competition from other sellers in your area and more time to connect with potential buyers. There are also fewer buyers, but you’d receive more house views than in the peak selling seasons of spring and summer.
2. Buyers are much more serious during this time
The beautiful thing about December buyers is their commitment. If you encounter a buyer who would brave the cold temperatures and trudge through layers of snow, just to view your property, that’s pure gold. It means they are serious about buying a home.
These people might be chasing a deadline, trying to relocate to a new city, or under pressure from their current lease expiring imminently. Whatever the reason, you can use this knowledge to your advantage and negotiate a better deal in your favor.
As a seller, you know these viewers are in it to purchase, and less of your time is wasted.
3. You can take advantage of year-end tax breaks
Another reason that buyers want to purchase a home before the year ends is to take advantage of the tax breaks.
There are several tax incentives for buying and closing a home before the year-end. They can write off some of their home purchases expenses on their tax returns. Mortgage interest, premiums, and real estate taxes are also tax-deductible.
As a seller, you also get to take advantage of these tax breaks. Even so, we highly advise the expertise of a tax lawyer to clarify these benefits for you.
4. There is no comparable season when it comes to online selling
Gone are the days of people relying solely on real estate agents to find the best deals on property. Today, all it takes is to fire up the Internet and do a quick search on the best houses to buy in your desired area.
You’ll gain access to buyers, no matter the season, so don’t believe the December hype. As a house seller, any season is an excellent time to sell a house.
If you want more tips on selling a home at any time of the year, contact the professionals at Team Couch.