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Benefits and Challenges of selling a house in the winter

building

Commercial

house (1)

Investment

Benefits

  • Buyers are motivated. Buyers who are actively shopping for a home during the winter are likely more motivated compared to buyers looking during the spring or summer months.
  • Lack of competition for Sellers. Buyers have fewer homes on the market to choose from.   Your home could sell faster during the winter months.
  • Flexibility:During the winter months people tend to take time off.  As a seller this will provide more options for showings.
  • Tax Breaks Before Year-End. Buyers may also be motivated to capture the tax benefits of purchasing a new home before the end of the year.

 

Challenges

  • Low offers: Be prepared for lower offers. Make sure you have an awesome agent that is willing to negotiate the right price for your home.
  • Curb appeal still matters. It is very challenging to show off the exterior of your home during the winter months.  Cold weather and day-light savings limit your options, especially for landscaping.
  • Delayed financing:Buyers may experience delays in obtaining financing due to bank holidays and vacations scheduling.
  • Little room for flaws. If you have an older home with drafty, dark or leaky flaws these tend to show more dramatically during the cold winter months.  The more light the better.

 

 

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