- Take advantage of low inventory. Since most sellers are waiting until spring to list, local inventory and competition falls during the offseason. However, there are still motivated and eager buyers who are ready to move now and will flock to your home. You may not need to try as hard to make your home stand out in the sea of other similar homes. While you’ll likely have fewer showings in the offseason, buyers who do visit will be more serious about writing an offer.
- Set a higher listing price. Homes sold during the offseason sell at a higher price, on average, than those sold during the spring and summer peak. There are many reasons for this.
- You’ll receive more attention. While our team always strives to give you the personal attention you deserve, when you list during the offseason, the ability to work more closely with you to ensure your home is prepared for its debut on the market increases. Additionally, if you’d like to hire a tradesperson to handle routine maintenance or undertake a minor home renovation before you list, you may be able to take advantage of flexible scheduling and cheaper rates. Many of these professionals experience a winter offseason as well, and will be able to focus their time and attention on you and your project.
- Easier to maintain curb appeal. Curb appeal is intended to attract the buyers who are just driving by as well as those who saw your home online and wanted to see it in-person. If you list your home during the peak of the selling season, you may exhaust your time your energy maintaining curb appeal. You’ll likely spend most of your free time mowing the lawn, weeding, trimming shrubs and hedges, planting flowers in pots and in flowerbeds, pulling spent blooms and watering it all to ensure it looks lush and healthy on a daily basis.
- Tap into the life changes of buyers. Many buyers receive employee raises and bonuses at the end of the year. If they’ve been saving to buy a home, this extra money may allow them to reach their goal for a down payment and put them on the path to becoming a homeowner. Additionally, companies often hire new employees and relocate current ones during the first quarter of the year, creating a strong demand for housing. If you live in an area that’s home to a large company or has a strong corporate presence, this may be the perfect time to list.
Thinking of Listing in the Offseason? Ask me for a list of things you should do to get your home “show ready.”