Many home sellers wait until the spring season to list their homes, thinking that the market will be more active and they will have a greater chance of selling quickly. However, there are several reasons why not waiting until the spring market makes more sense. Let’s take a look at why now could be the perfect time to sell your home.
It’s Less Competitive Now
When you wait until spring, you’re competing with all of the other sellers who are also listing their homes in anticipation of increased buyer interest and higher prices. By putting your home on the market now, you may get more attention from buyers who are looking for a new home before winter sets in and before the bulk of new listings come on the market in March or April. This could give you an edge when it comes to negotiating price.
Uncertainty Is High
With so much uncertainty about where mortgage rates will go, job stability, and how long this pandemic will last, many buyers may be sitting on the sidelines waiting to see what happens before making a decision about buying or selling a house. If this is true for many buyers, it could mean that now is actually an ideal time to list your home since fewer people are likely seeking out housing right now. This means that those actively looking may be more motivated to buy since they know they won’t have as much competition when it comes time to make an offer.
Conclusion: Selling your home during this transitional period between fall and winter may seem daunting but there are several benefits that could outweigh any potential risks when it comes time for negotiations or closing costs. By taking advantage of less competition amongst other sellers in your area, lower mortgage rates available for potential buyers, and uncertain times which could drive motivated buyers out of hiding, now might actually be one of the best times ever to sell your house! With a great Realtor by your side guiding you through each step along the way, selling during this transitional period doesn’t have to be difficult - even if it is outside of traditional seasonal norms!
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