For many people, an end-of-year sale might not even be something to consider when deciding to sell your home. With the holidays, weather and business of the season, moving may be the last thing on your mind! While a winter sale might not be traditional, if you are looking for a home to better meet your needs, it could be the right step for you. Keep reading for a few things to consider when deciding whether a winter sale is right for you.
1. Stand out from the crowd
Selling your home in the winter means that there will naturally be fewer homes available on the market. By taking advantage of this, you are giving your home an opportunity to stand out from the crowd with ease and your home will have more exposure due to the lack of competition on the market. Who doesn’t want to give themselves a leg up when selling their home?
2. Search for the serious buyers
Though the housing supply has increased this year, it is still growing at a rather slow pace. Homebuyers who were unable to snag their dream home will still be out searching despite the cooler temperatures, and are most likely still hoping to move before the year ends!
3. Movin’ on up
If you’ve lived in your home for a while, chances are your equity has grown quite a bit. On average this year, the amount of equity per mortgage holder has climbed to almost $300,000ー a record high! You can use that increased equity to cover some, perhaps even all of a down payment on a new home.
If you’re aiming to move out of your home before the holidays, it is better to start preparing sooner rather than later. Take these points into consideration when deciding what will be best for you, and when the time comes to speak with a real estate professional, reach out to a Shorewest, REALTOR® to get your home selling process on the right track.