18 Nov Three Good Reasons to Sell Your Home in the Winter
The warm weather has come and gone, but there are still plenty of buyers looking into making a move to Calgary. Most people think of the spring as the best time to make a move, but there are a few good reasons why you should list your home outside of the real estate peak season. In fact, recent sales data indicates that our local market isn’t showing any signs of slowing down as we head into the winter months. Thinking of making a move before the end of 2014? Here are three good reasons why you should.
Your listing will have less competition. Motivated buyers have less to choose from at this time of year, so it’s safe to say that they are paying attention to every listing that comes on the market. Unlike the spring, where dozens of new properties come up each day, it’s much easier to captivate an audience of prospective buyers during “low season”. The reduced inventory could also result in every seller’s best-case outcome – a bidding war.
Winter house hunters mean business. In general, people leave their homes less often during the winter. The prospective buyers that take the time to come see your home, even in inclement weather, are serious contenders. As a result, you may have fewer showings, but the buyers are more likely to make an offer if the price is right. Consider an aggressive pricing strategy during the winter months. Of course, you don’t want to sell your home for under market value, but now is not the time of year to “test” the market with an inflated sale price either.
Give yourself a head start. By selling in the winter, you put yourself in a great position to find your next home after the New Year. Depending on the weather, as we saw last year, there is often a surge in activity immediately following Christmas and New Year’s. With a sales agreement in hand, you can have your pick of the new inventory next year and know exactly how much equity you will be bringing forward into your next real estate investment.