Selling Your Home in Winter

As winter approaches, you may be thinking about what you want to accomplish before the year ends. One key decision may be whether or not you want to move. If the location or size of your current home no longer meets your needs, finding a house that’s a better fit for your lifestyle may be a high priority. But in today’s housing market, with winter approaching, is now a good time to sell, or should you wait?

If you’re ready to make a decision, here are some reasons you may consider selling now:

Overall, housing supply is still limited relative to demand. That means there are not enough houses currently available for sale to accommodate everyone looking to buy. In addition to an already limited housing supply, fewer homes are generally listed for sale in late fall and winter. For sellers, this means less competition. For buyers, it means limited options. Putting your house on the market now, while others may wait until spring, can help your house stand out and get noticed by potential buyers.

Winter brings out serious buyers. While there may be fewer buyers during the winter, those who are looking are more motivated. Buyers rarely go house hunting ‘just for fun’ when it’s cold outside. Serious buyers will still be looking this winter and your house may be exactly what they’re searching for.

Today’s homeowners have record amounts of equity. According to CoreLogic, the average amount of equity per mortgage holder has climbed to an all-time high of almost $300,000. The equity you have in your current home could cover the down payment on the home of your dreams.

As you weigh the reasons to sell this season, be sure not to lose sight of why you’re thinking about moving in the first place. Maybe it’s time to buy a house that’s in a better location for you, has the space you and your loved ones have been craving, or simply feels more like home.

If you’re thinking about selling your house so you can find a home that better suits your needs, let’s connect!