If you are a homeowner and planning to sell your home on the market, then spring may be the best time but that’s not possible for everyone. In cooler weather when days are short, it doesn’t mean that buyers bids getting shorter too. Putting up your home for sale in summer season may be the best idea for a number of good reasons- it’s not cold as in the winter season because in winters buyers are reluctant to attend open houses comfortably and leisurely. But don’t worry if you missed out the chance of selling your house at the peak of the buying season, your chance of getting the best price are still high in the fall and even winter. The popular host of the HGTV show and the real estate investor, Mr. Scott McGillvray has come up with “Income Property” notes that explains why putting up your home for sale during this season can be a whole different ball game.
Here are 13 things you need to learn about when deciding to put your home on sale when the weather is cooler and the days are shorter.
- Marketing Photos From Spring Looks Good
It is beneficial to get your home photo album complete before the weather turns cold. In cold season the trees go bare so it might not give you colorful pictures. The best season is spring and summers when the exterior of your home looks more appealing. Gillivary asks, “Do you want ground covered by snow, dead grass or bare leaves?”
- Avoid Curb Appeal Ignorance
It is important to maintain the visual attractiveness of your house when initially seen by the buyer. It should look neat and tidy. You cannot force leaves to stay on the trees, but when your home in on display the ground must be free of leaves, says Anslie Stokes, a realtor at a real estate firm covering the Washington, District of Columbia, named by McEnearney Associates Inc. Remember, a well-tended image of your house will always boost your house curb appeal.
- There’s Little Margin For Major Systems Mishaps
You need to remain proactive when it comes to in-house maintenance. Before it gets cold, be sure your heater, boiler, and other systems are working properly. Most homeowners don’t care to check their heating systems until the weather forced them to do that and this is not the best practice. Stokes added, “It’s not an ideal situation showing your boiler poor functioning on the first cold day of the buyers.”
- More Lights Require For Shorter Days
November 6, 2016 when 2:00:00 AM clocks are turned back to 1:00:00 AM means that sunrise and sunset will be one hour earlier. As the days will get shorter it would be very hard to sell a house, says Eric Boyenga, the leader of Boyenga Team (Expert Silicon Valley Real Estate Agent). He recommends sellers to bring additional floor lamps for their homes and install landscape lighting around the house yard if it is not available.
- There Will Be Less Traffic
In spring seasons market is always high and doesn’t give same results expected in winter or fall. “It is difficult for sellers to find the right buyer from the limited buyers’ pool, but those who are in the pool are motivated and will definitely be looking for the deal,” Boyenga says.
- Market Your Home For Snowbirds Searching For A Winter Getaway
To widen the pool of your potential buyers, you may need a further reach. McGillivray recommends targeting people who’re in search of the second home due to climatic reasons and people who need to relocate in your area for their job purpose.
- Be Flexible Throughout The Deal
In the winter season, buyers face additional obstacles like kids’ clubs and sports because school vacations are up and kids sports timings are also flexible. It helps to be favorable for sellers when he’s looking for a closing date, usually, range from three to four months to lock the deal. McGillivray says, “I’ve seen a 20-day closing deal for someone in a hurry.” The more flexible the seller is, the easier it is for everyone involved in the deal.
- Expect Less Price Offers
Even if you are desperate to sell your house, you shouldn’t accept the offer less than your house worth just because you’re out of the season and marketing it in winter and fall. Get yourself prepared for multiple offers but don’t go below the market demand. Boyenga notices that the fall season listings are getting different offers, but those are not worth taking unless you lose your hope. Some buyers may play with your offers thinking that it is off season, so you need to be patient.
- Come Up With More Responsibilities
McGillivray suggests sellers take some additional responsibilities; like selling the house, yourself will avoid scheduling problems with your estate agent because fall is a busy period for everyone and not just for home buyers. Agents might have personal commitments like their kid’s social activities which can complicate things for everyone involved in the process.
- Avoid excessive Seasonal decor
Fall and winter seasons are peak time for holiday décor, and too much seasonal ornamentation decoration might work against your favor. Stokes and Boyenga stress on avoiding distracting decorations or religious themes. A Christmas tree might work, but menorahs and nativity are the best put away. Gillivray warns to avoid “spray painting” of spider webs, however, Pumpkins might work in the Halloween theme.
- Push Your Home’s Seasonal Appeal
Highlight living rooms and features for kids who would love to play inside the house when it’s cold outside. Go for winter themes that serves as a pleasant place to hang out while your family stuck inside for winter months. Stokes added, “A fireplace will help to create a warm atmosphere when showing your house to buyers. A great finished basement allocating room for kids to play would be a great idea to attract moms and dads.”
- You Might Need To Wait For The Right Time
Prepare your mind for uncertain offers which might force you to hold off your home until the new year season starts because the list of buyers getting reduced due to their major holidays. The deeper you go into fall, fewer will be the buyer’s list actively searching for a home. Boyenga says, “Unless you’re in great need to sell, it is recommended to hold off until…late January before [listing] it down for display.”
- Local Market Exceptions Might Work For You
If you are residing in a hot neighborhood of a hot market, the market exceptions might be favorable for you. Stokes takes an example of District of Columbia’s Mount Pleasant neighborhood: “The lack of inventory of everything that introduces in the market comes with multiple offers.” This happens because the buyers who lose their bids in a bidding war would love to jump to try their luck and to get the right house in the neighborhood.