Originally posted October 21, 2021 | Updated November 29, 2022
Many homeowners believe that springtime is the optimal time to sell a home. However, selling a house in winter has many advantages. Here are three reasons why you should take advantage of the housing market during the winter months.
Sellers are hesitant to sell their homes during the colder months. They worry that selling their home in the winter might be a waste of time and money with fewer people shopping. They fear there will be low turnout for open houses, but that’s not necessarily true.
If you are selling this winter, there will be less competition with fewer homes on the market.
When inventory is low, it is easier to catch the eye of prospective buyers and speed up the home sale process. Savvy home buyers are capitalizing on this advantage in several ways.
If homebuyers are out shopping for houses in the winter months, chances are that they are highly motivated and ready to buy. Winter buyers typically have a reason for moving, including a timely life event, a recent job relocation, or free time to shop before the new year begins. During the winter months, sellers usually price their homes to sell, which allows buyers to buy a home at a better price resulting in a smooth purchase transaction between both parties.
Homes purchased during the winter may come with tax breaks, including deductions for mortgage interest, private mortgage insurance premiums (PMI), and property taxes. Your real estate agent can inform you of all the possible tax breaks and deductions available when buying and selling a home during the colder months.
You no longer have to wait for warm weather to enjoy touring homes. Home showings are often offered virtually and can be done from the comfort of your living room couch.