The winter months are often thought of as being the worst time to put a home on the market. While the thought of selling your home during the winter months may dull your holiday sparkle, the winter season does have its advantages: winter buyers tend to be more serious and competition is less fierce with fewer homes being actively marketed.
Spring might be right around the corner and may be the peak home-shopping season but listing your home in Lafayette Indiana in the winter may be to your advantage for these reasons:
1. Less inventory
Selling a home during the holiday season can seem like too much of a hassle for many homeowners, so many will either take their home off the market or wait until the warmer months to list. Because of the shortage of inventory in Greater Lafayette and during the holiday months, sellers may receive more interest in their property and can ask for a higher price on their homes.
2. Motivated buyers
House hunting in the winter is not just for fun. Most home buyers who are still cautious about pulling the trigger and purchasing a home will postpone their search until the spring. On the contrary, if a buyer is touring homes now, they are likely more motivated and need to buy a home soon. With interest rates on the rise, home buyers are more urgent than before to make a decision. They are also motivated by the fact that tax refunds may be coming in the next several weeks.
3. Market Time
A study by Redfin found that average sellers net more above asking price during the months of December, January, February, and March than they do from June through November, even in cold-weather cities. And homes listed in winter sold faster than those posted in spring. Timing always depends on supply and demand.
Listing your house for sale in the winter will allow you to capitalize on the shortage of homes for sale in the Lafayette and West Lafayette market, which will translate into a better pricing situation.
Why choose The Romanski Group with Keller Williams Realty for your home buying and selling needs? We take a different approach to real estate; one built upon personal touch, win-win philosophy and positive results. Our team is comprised of dedicated professionals specializing in each phase of real estate. In addition, our extensive knowledge of the Lafayette and West Lafayette areas and surrounding communities allows our team to serve you the best. Give us a call (765) 404.5095 or visit us online to get started! Begin your home search now: www.RomanskiGroup.com