Many sellers hesitate to list their homes during the fall and winter because they believe there are fewer buyers in the market. Because of this belief sellers generally consider listing their home in the spring. So, is it better to list your home during peak spring months or are there advantages for selling during the off season? Here are some of the reasons you might want to consider placing your home on the market during the typical off season.
Reason 1. Since most sellers believe they should not sell their home during the off season there will typically be less inventory on the market. This of course works to your advantage. You will have less competition for your prospective buyers.
Reason 2. During the spring and summer months you may have buyers that are out for a Sunday drive. These buyers are sometime not as ready to pull the trigger on making a purchase. Buyers that are engaged during the typically off season are usually motivated to purchase. These buyers are generally more likely to put in a realistic offer.
Reason 3. Understanding what is happening in your area will help you make a good decision about listing your home. An experienced agent can help you understand these factors. Low interest rates, a good understanding of who is buying in your market will influence how long it takes to sell your home. Your agent can help you navigate these items to consider.
Reason 4. Since you are listing your home during the off season. Buyers will assume that you are as serious about selling your home as they are about purchasing one. Knowing that you both are serious should lead to buyers making good offers, and in turn move to less back and forth in coming to an agreement.
If you place your home on the market during the off season you will encounter buyers who are serious and will bring a higher chance of closing your deal. Therefore, allowing you to move forward with the next phase of your life.
By R. Jones
