Why Selling Your Home during the Off-Season Can Be a Good Idea and How to Do it?
The winter season is often regarded to be the off-season, but that doesn’t mean that you cannot sell a house. Many times, the best real estate deals are made during the off-season. Let’s see why selling your home during the off-season is a good idea, and how to go about it.
What are the advantages of selling your home in the off-season?
Lower inventory levels
The inventory levels are lower in the off-season and so is competition in the real estate market. This means that buyers don’t have a lot of choice which makes it easier for you to sell your house. Plus, chances of you getting the asking price or something close are also greater.
Another advantage of selling your home during the off-season means that you deal with only serious buyers. In the summer season, many people only check out homes to get an idea of the price, and don’t really want to buy them. But that’s not the case in the winter. Off-season buyers often have a certain need that compels them to get preferable housing quickly. This urgency can work in your favor.
How can you sell your home in the off-season?
Great, so you now realize that selling your home during the off-season can be advantageous. But what should you do to ensure that you get a better deal? Here are some tips to help you out.
Fix all repairs and do basic maintenance work
If you fix all repairs and show buyers a well maintained house, they would be more interested in buying. This means that you give all the walls a fresh coat of paint, install new bathroom appliances, change flooring if required and deal with mold and other infestations.
Stage your house
When buyers come to visit, turn on the lights and the fireplace for an inviting look.
Selling your home during the off-season does mean that you can get a better deal, but you still must take care and ensure that your home is priced appropriately. Consider other similar properties in your neighborhood and then come up with a suitable figure.
Let your house remain on the market even during holidays
A common myth is that sellers should take their home off the market from Thanksgiving until Christmas, and then put it back after New Year. But if you want to sell during the off-season, this is what you shouldn’t do. Let your house remain on the market even during the festivities so that it stands out and attracts buyers who urgently want to move in their new home.
Want more advice on selling your home during the off-season? Get in touch with us.