Buying & Selling Real Estate in Winter

Buying & Selling Real Estate in Winter

Spring and Summer may seem like the best seasons for selling, buying and moving as nice weather brings people out to shop around. However buying and selling in winter has some very sensible and logical advantages.

  1. Service
    During the colder months, many service providers are slower and have less clients to look after at once. This means your realtor, mortgage broker, insurance provider, lawyer, movers, etc., have more opportunity to devote to giving you prompt service and more of their time.
  2. Inventory
    With less inventory and marketing of properties in winter, your property is more likely to stand out from the crowd.
  3. Showcasing
    You can use the winter in your favour by showcasing features such as fireplaces and hot tubs, giving your home a cozy and warm feeling that can withstand the harsh conditions outside. Also you don’t need to worry about yard work and landscaping, especially if your yard needs a makeover. A fresh snowfall can make a yard look crisp and clean.
  4. More Time
    Winter gives you more time to shop and make decisions. There are not as many events in your schedule over the winter allowing you more time for decision making or doing the due diligence needed in home buying.
  5. Buying
    When it comes to buying, since there are less active buyers at this time of year looking for a deal, there can be fewer chances of competitive and multiple offers on a property.
  6. Selling
    Alternatively when it comes to selling, since there are fewer homes on the market in winter your home is more likely to stand out, with less competition. If you wait until the Spring to sell your home there are many more sellers competing for the spotlight.
  7. Corporate Advantages
    Many companies hold their performance reviews and give their bonuses at the end of the year, bringing the buyer more financial freedom and a bigger budget. Also, statistically January has the highest corporate relocation moves compared to the rest of the year, and these buyers are looking for new homes.

 

So if you can brave the cold and you have a good winter coat, you can get out there and benefit from the advantages of selling, buying or moving in the winter.