According to conventional real estate thinking, the house market, like the weather, cools off significantly over the winter months. And there's a lot to this: in most markets, spring and summer are the greatest months to sell your home. However, many residences do sell over the winter months. There are several distinct advantages to selling in the winter. So, let's look at five benefits of selling your home in Little Rock, AR during the winter.
1. Lower Inventory and Less Seller Competition
One of the biggest benefits of selling your home in Little Rock, AR during the winter is that inventory is often low, which means you'll face less competition.
“Because spring is the most popular season for home sales, the housing market is extremely crowded at that time of year. You should know the rule of supply and demand if you paid attention in Econ 101. The majority of sellers still believe they must sell in the spring, but this implies there will be greater competition for buyers' attention… However, there are fewer homes for sale in the winter. Winter may be a great season to sell your property because of the [buyer] competition and low inventory.”
Because there are fewer homes on the market (lower inventory) during the winter, buyers have fewer options and are more likely to look at your home if you're selling at that time. Furthermore, "it becomes easier to make your property stand out from the competitors when there are fewer properties for sale in your region."
2. More-Motivated Buyers
Similarly, homebuyers are usually more driven in the winter. So, if you're selling your home in Little Rock, AR during the winter, you won't have to deal with Tyre kickers, and you'll know that practically every potential buyer is serious. This is why…
“Buyers rarely go house looking merely for the sake of having fun in the winter. It is, after all, bitterly chilly outside. Having an open house throughout the months of December to March is unlikely to attract casual buyers and inquisitive neighbors. While there may be fewer buyers in the winter, you can sure that those that do show up are more motivated. Maybe they're relocating for job, or maybe they just need a bigger place to live. Winter purchasers, for whatever reason, are more serious.”
3. Good Time to Highlight Energy Efficiency
And, of course, selling your house in Little Rock during the winter gives you the perfect opportunity to highlight its energy efficiency.
Every shopper wants to save money on their energy bills, and the majority of people nowadays are concerned about the environment. As a result, your home's energy-saving features will be huge selling advantages, especially during the winter, when energy efficiency is on everyone's mind.
“Potential home buyers will be impressed by a winterized home that already includes attractive energy-efficient features. Smart thermostats, solar panels, premium window treatments, energy-efficient dual-pane windows, new attic insulation, a modern HVAC system, recently cleaned air ducts and vents, and a tank-less water heater are among the energy-saving features to emphasise.”
4. Tax Breaks Before Year’s End
Buying a home before the end of the year to take advantage of tax savings is another motivator for home buyers, as well as a strong reason to sell your home during the winter months. Homebuyers can deduct some of the costs of buying and owning a property if they buy before the end of the year.
Chief among the multiple tax benefits and write-offs that make buyers eager to buy during the winter are . . .
- Mortgage interest
- Private mortgage premiums
- Property taxes
Winter purchasers will be enticed to close before the new year because of the tax perks. You can also take advantage of some of the same tax benefits if you sell and buy a new house before the end of the year. Consult a Mid South Best Offers representative at (501) 300-6955 to learn more about these tax advantages.
5. No Seasons for the Internet
An often-overlooked advantage of selling your house in Little Rock, AR during the winter is that the Internet knows no seasons.
The vast majority of today's home buyers start their search online, and many of them don't see a possible property in person until the very end of the process. As a result, the Internet is your best and most successful marketing weapon – and it works the same way all year long, never losing its potency.
Indeed, online listings may be more effective in the winter than in the spring, when the housing market is (ostensibly) at its most active. Many buyers who wish to avoid the cold will do their home hunt entirely online rather than driving around and seeing properties in person. So, even if home buyers are staying indoors, they are still doing their shopping online.
Your Little Rock Agent Can Help
Yes, there are some distinct benefits to selling your home Little Rock, AR during the winter months. However, there are certain difficulties, primarily because there are fewer buyers on the market. You may, however, take advantage of the benefits and conquer the hurdles with the help of an expert Little Rock, AR agent. So, if you're planning on selling your home in Little Rock, AR this winter, give us a call at (501) 300-6955.
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