You have always heard that the best time to sell your home is in the Spring. Flowers are blooming, grass is green, people are more active in general. But is this true? Some conventional wisdom points to no. Everyone’s situation is of course different so you should definitely consult your team of real estate agents before making any decisions to sell your home in the Winter.
Fewer Homes For Sale
Since people tend to sell their homes in the Spring this means that Winter months have less homes for sale. For the seller this means less competition. Wouldn’t you rather be the only home on the block for sale versus competing with several others? Having this advantage can help you have a quicker sale as well as give you the upper hand in negotiating.
The same reason that there are more buyers in the Spring months, is precisely the reason there are more motivated buyers in the Winter months. Being that it is cold and unpleasant to both look for a house and move in the winter, there is usually some external factor that is driving a buyer to find a home. One such reason could be a relocation for a job. Because of this, a buyer is usually on some sort of time crunch to find a home. This again gives you the seller the upper hand in negotiations.
Faster Closing Times
Along the same lines as the above, having fewer buyers and sellers means less competition and waiting in all phases of the home buying process. Securing financing as well as processing all the necessary paperwork is generally done much quicker during these low volume times of the year.
Hopefully with the few points, home buyers and sellers can see that there is not truly a ‘best’ time to sell their home. All seasons have their own pros and cons and it is up to you and your realtor to decide what is best for your situation.
If you are interested in buying or selling a property in the Costa Mesa area, Contact Torelli Realty.