Decatur, Ill. (WCIA)
Main Place Real Estate
• Partnered with Main Place Properties (longtime Central Illinois RE Management Firm) in 2018, to launch a full service boutique brokerage firm – Main Place Real Estate
• We specialize in commercial transactions throughout Central Illinois and residential transactions in Macon County and surrounding areas.
• Our residential services include assisting buyers and sellers, in addition to executive rentals
4 Reasons Why Selling a House in the Winter May Be the Best Decision Ever
- Low inventory = less competition
Since spring is the most popular home-selling season, the housing market is ultra crowded with options at that time of year. And if you paid attention during Econ 101, you understand the law of supply and demand.
“Most sellers still think they need to sell in the spring, but that means there is more competition for buyers’ attention,” says Matt Van Winkle, founder of Re/Max Northwest in Seattle.
But in the winter, there are fewer homes for sale. That competition over low inventory can make winter an ideal time to sell your home.
- You get to show your home’s winter-readiness
Selling in the winter also gives you the opportunity to show that a home is designed to handle the harsh elements.
Decorated for the season – Christmas Tree’s , Snowmen and even Valentine’s Day is around the corner.
Plus, during winter months, homes with features like fireplaces and hot tubs are certainly more appealing.
- New parents may be looking to upgrade – Covid Babies 🙂
The baby boom in September may lead to more buyers later in the year. According to data from the Center for Health Statistics and the Social Security Administration, there are more birthdays in the month of September than any other time of the year. Therefore, there’s likely to be a crop of growing families looking to buy a larger house.
“Once baby is home and settled, these parents may want to start the year in a new, and more spacious, family home,” according to Melissa Temple, real estate adviser and partner at Engel & Völkers in Aspen, CO.
- Winter brings out the serious buyers
News flash: Not everyone looking at houses intends to make a purchase. Some people are contemplating moving and may just want to see what’s on the market. Since more homes tend to go on the market in spring and fall, this is also when window shoppers are likely to be out looking.
However, these looky-loos tend to be scarce during winter months, according to Jennifer Baldinger, licensed associate real estate broker at Julia B. Fee Sotheby’s International Realty in Scarsdale, NY.
“When I have buyers looking for homes in January and February, they’re real buyers looking to make a purchase—especially if it’s a great house. They don’t want to take the chance of waiting until spring and losing out on the home,” Baldinger says.
“There may be less people at these open houses, but I would rather have 10 real buyers come through than 20 people who are just curious,” she says.