While the housing market traditionally heats up with the weather, buyers are looking year-round. If you’re thinking about selling your home, here are a few reasons why now is a great time to get it on the market.
Appreciation. Your home’s value is based on the market, not the season. In the last few years, home values have increased by more than 20% in some areas, creating a significant profit for homeowners when selling.
Motivated buyers. Spring and summer are generally considered the “peak seasons” for real estate, but prospective home buyers that start shopping in January are serious, motivated and ready to buy.
Reduced competition. Inventory is already tight, and it can be even more restricted in the winter months. With fewer homes on the market, sellers face less competition. A home that’s in great shape and shows well will stand out.
Winter weather: Use colder temperatures to your advantage by making your home look and feel warm for showings with plenty of heat, warm lighting, a cozy fire and perhaps the smell of freshly baked cookies.
If you are considering selling your home, your real estate agent can provide you with a comparative market analysis of your home’s value. Plus, your agent can offer advice on how to get your property ready for market and guide you throughout the entire selling process, no matter the time of year.
Alternatively, if you’re planning to buy a home, your agent can help you prepare so you’ll be ready to make a winning offer.
Working with a Long & Foster real estate professional with local market knowledge and industry expertise will help you reach your real estate goals in 2023.