This is why the winter months are a smart time to sell a home.
As the fall season begins to wind down and the holiday season ramps up, the number of available homes on the market can begin to dwindle. This comes from the common misconception that your home is worth more money in the spring and summer because of the increased curb appeal brought on by a well-groomed lawn and beautiful flowers.
There are still plenty of active buyers out there searching for a home during the holiday season. This can be a great opportunity for savvy sellers to take advantage of their equity and capitalize on the lower inventory. With interest rates so low this year, buyers can stretch their dollars a bit further.
Waiting until spring just means more competition, which could potentially drive down your asking price. That’s just the basic economic principle of supply and demand at work.
Unfortunately, nobody has a crystal ball or knows what tomorrow will bring, especially after a year like this. The only thing we can tell you is that right now, home values are higher than they’ve been in a long time. We can almost guarantee there is someone out there looking for a home just like yours right at this very moment.
If you’re interested in learning more about how much equity you’ve gained this past year and what kind of doors it can open for you, give us a call or send us an email today. We look forward to hearing from you soon.