5 Reasons Why Listing Your House in the Off-Season Can Be Helpful to You
It is a common misconception that putting your home up for sale in the off-season is a waste of time. At Your Favorite Real Estate Team, we have not found that to be true. Our experienced realtors at the Lake of the Ozarks help clients sell their homes all year round and have actually found there are some good reasons to consider selling your home at the Lake of the Ozarks in the late fall and winter months. If you are interested in getting your home on the market and would like to know more about how that works outside of peak months, keep reading this blog. We will talk about 5 ways right now is a really good time to prepare your home for sale.
1) Buyers are Serious.
Buyers who are looking for a home in the late fall and winter usually have a reason. With kids in school and all the related activities, plus holiday events, and weather that makes you want to just stay cozy at home, if someone is out looking for houses in the colder months, they have a purpose. They may be needing to relocate, they may have a contract on the home in which they are living or a lease about to expire. Looking for a home in the late fall or winter usually indicates the buyers are not just looking casually.
2) Fewer Sellers.
Having less competition helps make your home stand out on
the market. Because many sellers tend to
believe spring and summer is the only time to sell a house, fewer people put
their houses up for sale during late fall and winter. When there are fewer houses to choose from,
it may help your house sell faster.
3) The Internet has no Season.
Most buyer start their home search online, which is not affected by weather or seasons. Having instant access to property listings year-round has influenced when buyers typically look for homes. This is a great help when it comes to selling your home in the off-season.
4) More Time to Look.
While people do have school and holiday activities on their
schedules, they usually also have time they take off during those holiday months
as well. That is time they may be
spending looking for homes online and attending open houses and private
showings.
5) Year-End Tax Breaks.
Potential buyers may be motivated to close on a house before
the end of the year to take advantage of tax benefits associated with purchasing
a home. Some of the expenses incurred in the purchasing process may be
something they can write off their taxes. Plus, things like real estate taxes, private
mortgage insurance (PMI) premiums and mortgage interest are usually
tax-deductible.
So, if you are eager to sell your home and take advantage of this historical real estate market, you don’t have to wait until spring to be financially responsible. Your Favorite Real Estate Team knows the value in your home can still be realized in the off-season and the lower inventory can be advantageous to you when putting your home on the market. Buyers may very well be more motivated at this time, and that is all to your benefit. If you have any questions about putting your home on the market this time of the year, give us a call! We are very familiar with the real estate market at the Lake of the Ozarks in every season and we have the knowledge to guide you successfully through the process. For more tips and information regarding local real estate and life at the lake, follow us on social media using the links below.
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