Have you been thinking about listing your house or condo for sale? As you are likely aware, the seasons play a role in our local real estate market and how busy it is. Nicer weather brings out the most in any real estate market, with buyers spending their evenings and weekends touring open houses and finalizing short lists. Many markets cool off a bit in the winter, but that does not mean that the buyers disappear. Selling your house at the right time can capitalize on peak market activity.
In today’s blog post we will explore why selling your house during the winter can beat waiting for the real estate market to warm up in the spring.
Maximize Your Profits: Selling Your House Amid Rising Interest Rates
One key consideration this year is that interest rates are trending upward. While it is impossible to predict the movements that the Federal Reserve will make, there is every sign that rates will tick upward soon. Mortgage interest rates tend to rise along with the Federal Reserve’s upward movements, so selling your house as is now means selling while mortgages are a bit cheaper.
Less Competition in the Market When Selling Your House
Another advantageous aspect of selling your house during the winter is the reduced competition you’re likely to encounter from other home sellers. With fewer homes in the local inventory, there are fewer options for buyers who are eager to close on a property swiftly. If your house is clean, in top condition, and adequately staged, it’s bound to stand out from the other available options, making it more appealing to potential buyers.
It is true that there may be fewer potential buyers shopping for a new home during the winter. However, you will tend to find that winter buyers are serious about finding and purchasing a home. They are much less likely to be ‘window shopping’ or passing through viewing open houses.
Holiday Staging Is That Much More Fun
Finally, it is worth mentioning that staging can be a lot more fun during the holidays. Selling your home in the summer means trimming the lawn, keeping the garden looking clean and maintaining your curb appeal. Selling your house over the holidays means Christmas lights, decorations, baked goods and a more festive atmosphere.
Selling your house in the winter might seem a bit counterintuitive, but with the market easing up and less inventory available you will find serious, interested buyers. If you are considering selling your house, be sure to contact Eight-Five Property Ventures at (877) 522-3747 or email us at marketing@85pvllc.com so we can provide you with a Fair Cash Offer on your Nevada house.
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