When a seller is considering listing a property – the school of thought tends to be that the spring season is the best time to sell. However, in a competitive market, going against the flow might be your best bet. We’ve put together five reasons why listing your home outside of the peak season may get you higher offers.
The Competition is Lower
If you wait until Spring, you will be competing with a lot more sellers. And lower inventory typically equates to higher prices. Since competition is scarce, you may be one of the only homes in your neighborhood on the market and because of that, you can ask for top dollar. Once spring rolls around, everyone who has ever thought about selling often lists their homes. But “peak selling time” doesn’t mean it’s the best time for sellers.
Serious Buyers Look Outside of Peak-Season
Springtime is full of house hunters and yes, looky-loos. You know the type: going through your home, opening your closets and musing that they might be ready to buy one day. However, without those sunny Springtime and endless open houses signs, the looky-loo is not as tempted. They stay in their lairs waiting for peak season. Bottom line is – if you have people wanting to schedule appointments or coming to open houses on a cold day in January, it means they are serious.
If You’re Selling, You May Be Buying: Interest Rates Predicted to Rise Through 2022
This time last year, mortgage rates hit an all-time low. Today, although on the rise, they are still far below what they’ve been in recent years. While even a half a percentage rate increase may not seem like much, it does have an impact when you’re buying a home – especially if you think about that extra $100-$200 monthly increase over the life of a 30-year loan. So if you’re thinking of buying after you sell your home, it may benefit now before mortgage rates climb higher.
Ready to list your house? If you want to learn more about how you can prepare for future homeownership, contact your local Surterre agent today at SurterreProperties.com.
