Winter isn’t all doom and gloom for buyers and sellers hoping for success during cold weather. The local market picked up later than usual this year with a secondary boom after the spring market, resulting in a higher amount of sales in Lawrence this September compared to 2018. It’s great news for motivated buyers and sellers aiming to complete a deal.
Photo courtesy of Pixabay / Jill Wellington
Why you should sell your home in winter
There are many reasons selling in winter months can be profitable. One of the most important factors is limited availability. Not as much competition means that sellers have a better chance of triumph if they price their house accurately and realistically. That’s because winter homebuyers are often working against a deadline. Whether it’s relocation due to a new job or seeking end of the year tax benefits, a sense of urgency can get a sale done quickly.
Why you should buy a home in winter
Winter homebuyers also have great advantages. Supply and demand sway sellers to accept agreements that works for both parties. An additional perk is that homes typically close faster in the off-season, so buyers can expect to be in their new home sooner rather than later.
But don’t wait!
It’s important that buyers and sellers do not wait to make a deal. As time goes on, the window of opportunity gets smaller. Come to an agreement that works for both parties and enjoy beating the winter market blues!