Pros’ and Cons’ of Winter Home Selling

Pros’ and Cons’ of Winter Home Selling

Home selling in the Winter

If you plan listing your home this Winter season, there are some intriguing pros and few realistic cons to consider. To give you an idea, we’ve rounded up each top five advantages and disadvantages of Home selling in the Winter:

Pros of Selling a Home in the Winter

Pro #1: Buyers are serious about buying.

If winter buyers are making appointments on weekday evenings during what is arguably the busiest time of year (with the shortest amount of daylight) they are probably in hot pursuit of a home to call their own.

Pro #2: Buyers are more motivated to do a quick closing.

If you receive an offer in November or December, specifically, your buyer might be motivated to do a quick closing in order to take advantage of the tax benefits. By closing prior to New Year’s Eve (Dec. 31), the new owners can take several deductions on that year’s taxes – translating to potentially significant savings.

Pro #3: You can get a leg up on the competition.

Your listing is a lot more likely to stand out in the winter because there are fewer listings to choose from, overall. If you want extra eyes on your property, winter might just be the ideal time period for you.

Pro #4: Mortgage interest rates are more predictable.

Savvy buyers who are house-hunting during the winter may also be ticking against the clock of market uncertainty. Perhaps the buyers are already pre-approved for a certain amount. . So, we cannot help but imagine those who were window shopping for their first home in 2017 were kicking themselves for not pulling the trigger sooner.

Pro #5: Online house hunting is a year-round activity.

The internet has no seasons and buyers might not be thrilled at the idea of lugging on their snow boots to go out to a showing. But cozying up to their laptops with a blanket and a cup of coffee to peruse the online listings? We think there’s no better time than the winter to catch their eyes.

Cons of Selling a Home in the Winter

Con #1: Weather woes are not ideal for showings.

People generally do not love being out in winter weather. It can make commuting to and from a bit more hazardous, and it is a lot easier to stay bundled up at home than bother going out in the first place. There will be fewer showings for a home listed in the winter than in the spring or summer, period.

Con #2: Curb appeal can be lacking.

If your timeline is tight and you do not have the option to wait for a warmer day to take photos, you can always hang a festive wreath on the front door or draw buyer’s eyes to a cool architectural element of the home.

Con #3: Showings take a little extra effort.

When you’re conducting showings during the winter. Keeping your home “viewing-ready” when it’s cold out is no small feat. You and your family are probably inside more often, which means more tidying and organizing for everyone.

Con #4: Buyers have a lot of other end-of-year financial obligations.

Winter buyers are inundated with a lot of other financial obligations, and may not want to invest in a home when they have other, more urgent financial priorities to address. Like buying holiday gifts, paying federal, state and property taxes, etc.

Con #5: Battling against the market’s bad reputation.

For all of these very legitimate reasons, home selling in the winter gets a bad reputation – one that buyers are probably aware of. If they see a new MLS listing go up in the winter, they might be tempted to assume that the sellers are “desperate,” and come in with a lowball offer that you might expect from a fast cash home buyer.

As the holidays are fast approaching, potential buyers will become busier than any other time of the year. CPD Homes will buy your house in any condition, and in any season of the year! We buy houses without the hassles of advertising and closing documentation, and we buy properties in “as-is” condition. No need for you to fix or repair anything, GET OUR FAST CASH FOR HOUSE offer by Contacting us today at CPDHomes at 216-619-4387.

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