PROS & CONS OF LISTING YOUR HOME IN THE WINTER MONTHS

Dated: September 24 2020

Views: 73

Pros & Cons of Listing Your Home In The Winter Months.

 

Pros 

Competition- Inventory and competition is approx. 37% lower during winter months.

Sold- Buyers are more willing to close on a home faster.

Demand- There may be an increase in demand by 20% or more.

Mortgage Rates- rates could be in favour of the buyers.

Opportunity- Good time to show off energy efficient appliances. Festive staging cab create a positive feeling in a home. 

Cons

Mental Block- There can be a negative stigma about listing a property in the winter.

Price & Reduction- Sellers are more likely to have to reduce their asking price. 

Day & Time- Shorter days will create less opportunities to view a home. Bad weather = outdoor landscaping is less visually appealing. 

Holiday Spending- Large amount of spending on holiday items. People are extra concerning about saving $$$$$$$$$$$$$$$.

Down Payment- Approx. 28% of people want to wait to buy until spring to utilize their tax return. 

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Kevin Gouveia

Kevin Gouveia has had a passion for real estate all his life and couldn’t love what he does more. Having lived in many places across the United States and Canada, he has grown to love the city of Ca....

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