A little over a month into 2019 and we’re already off to a great start with an epic winter season and local happenings in full swing. While selling a home amidst snow days may not be top of mind, those interested in selling should consider bumping up their timeline.
A common belief is that sellers should wait until spring to put their home on the market, and while the weather may be more enjoyable for open houses than in the winter, the winter months can offer some major benefits for sellers such as less competition and a serious buyer pool.
Lower inventory continues to be a trend in Colorado, resulting in bidding wars. While buyers may not be as prevalent in the winter months, the low amount of inventory increases competition and results in healthy offers, even outside of the “prime selling season.”
Another benefit for sellers is that buyers looking during the winter months are those committed to a home purchase. Casual shopping for homes increases during the spring months, when the weather is enjoyable and open houses are plentiful, but those looking to fight the cold weather are serious buyers and the ones that you want shopping your home.
As a financial perk, many workers who receive year-end bonuses or sales payouts typically receive those either before the end of the year or during the first quarter of the year. Added money in potential buyers’ pockets may encourage them to take the plunge of investing in a home.
For buyers, Colorado is a safe market to invest in due to a steady economy as reported in LIV Sotheby’s International Realty’s Economic Report. Last year Colorado displayed a strong economic picture with positive results in consumer confidence, job creation and population growth – success that should continue. A healthy market and economy result in buyer confidence, something that should peak any potential seller’s interests.
If you are interested in putting your house on the market, make sure you keep in mind essentials of selling during the winter months. Ensure your heat is properly working, the exterior is well-lit, and the sidewalks are cleared. Selling in the spring and summer offers better weather for perfect curb appeal, but you can still achieve this in the winter by focusing on what matters. Show off the coziness of your home by turning on the fireplace, showcasing the hot tub, or lighting a candle with a warm and inviting scent.
If you are anxious to sell your home, you don’t have to wait until summer – act now by contacting a LIV Sotheby’s International Realty real estate professional by calling 303.893.3200 or visiting LIVSothebysRealty.com. Visit ColoradoMarketReports.com to view the Economic Report mentioned in this article.