There is a lingering idea that home sales tend to bottom out in the fall and winter. Some conventional wisdom says that selling a home in the spring is a better bet. Flowers blooming, green grass, and sunny skies make homes look their best, so they say.
The housing market indeed tends to slow down during the fall and winter for several reasons, such as the cold weather keeps more people indoors so fewer people are out house hunting, the holidays keep everyone busy and they have less time to consider shopping for a home, and school is in full swing, so families are often less likely to be ready for a move.
There are a lot of solid reasons why listing your house in the winter, rather than waiting for spring, can be really smart. Of course, everyone’s situation is different, and an experienced real estate agent in your area can give you the best advice, but here are a few things to consider when deciding when to list your home for sale.
Colder weather typically means less competition for both buyers and sellers, which could set the stage for better deals on both sides. Less competition for buyers means a greater chance of attaining the home you want at a price you’re happy with. For sellers, it means the buyers who are looking for the property are prone to be more serious about making an offer.
While a range of reasons gets people out home shopping as year-end gets closer, in our current market buyers know they’ve got to be persistent. Other changes may force people to move in fall or winter, whether by choice, or not. Most home buyers would like to be settled in by the holidays. They may also be looking to take advantage of the tax benefits that home ownership can provide before the year ends.
While spring may continue to be the most popular time to buy or sell a house, many experts agree that the next few months will be busier than they have been in the past. A large number of buyers who were unable to find a home during the summer are still looking.
The best way to get a reliable picture of what your local market is doing is to work with an experienced real estate agent who’s familiar with your market and its variables. As a leading real estate and development consultant group in the Pikes Peak region, The Platinum Group, REALTORS® are experts at helping buyers and sellers understand their market and how to make the best of their current circumstances.
The number one independent real estate firm in Colorado Springs, The Platinum Group, REALTORS® combines top realtors with the best tools and resources to provide home buyers with platinum service and platinum results.