It’s quite common to think that the Spring is the best time to put a home up for sale, and while the number of buyers increases that time of year, there are other advantages unique to the Fall and Winter seasons.
Here are 4 reasons sellers shouldn’t wait until the Spring to put their home on the market, correct the price of their current listing or wait for a better offer:
1. Only Serious Buyers Are Out
At this time of year, only those purchasers who are serious about buying a home will be in the marketplace. Sellers will not be bothered and inconvenienced by mere ‘lookers’. The lookers are at the mall or online doing their holiday shopping.
2. There is Far Less Competition
Housing supply always shrinks dramatically at this time of year. This year will be a little different as some of the distressed properties being liquidated by the banks (in the form of foreclosures & short sales) will enter the market.
However, for those buyers looking for a non-distressed property, the choices will be limited. Sellers shouldn’t wait until the Spring when all the other potential sellers in the market will put their homes up for sale.
3. The Process Will Be Quicker
One of the biggest challenges of the housing market has been the length of time it takes from contract to closing. Banks have been inundated with both purchase and refinancing loan requests. Both of these will slow in the winter cutting timelines and the frustration these delays cause both buyers and sellers.
4. There Will Never Be a Better Time to Move-Up
If you are considering “moving up” to a larger, more expensive home, you should consider doing it now. Some experts are projecting housing price increases to appreciate by over 15% between now and 2016. If you are moving to a higher priced home, it will wind-up costing them more in raw dollars (both in down payment and mortgage payment) if you wait.
Is now the time to sell for you?
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Contact Barb Bottitta for any and all of your Lehigh Valley area questions, as well as real estate needs, as I am always happy to help in any way that I can! You can also connect with me on my Facebook Page for events and happenings in the Lehigh Valley area, as well as home ownership tips, real estate market updates, and so much more!
There are many great Lehigh Valley area homes for sale. Click here to perform full home search, or if you’re thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today’s market. You may also call me at (610) 398-8408 for a FREE home buying or selling consultation to answer any of your real estate questions.