Spring is typically considered to be the best time of the year to put your house up for sale. Most people either prefer to stay indoors during the winter months or are so busy with the holiday Christmas festivities that buying a home is the last thing on their minds.
Having said that, there are several benefits to putting your house for sale in January. Let’s take a look.
January, the month of low supply and high demand
It’s not unusual for people to take their home off the market when things begin to slow down by the end of October.
They don’t want the viewings to disrupt their festive mood. The holiday period is best spent curled up near the fireplace with a mug of hot cocoa and your favourite Christmas movie. Who’d want strangers disturbing their peace around this period?
This means that the supply is low in the winter months. Although the demand is lower too, this in no way means that there are no prospective buyers in the market.
With demand picking up in January and the supply of homes scarce, this is the time to make hay while the sun shines.
Target people who are looking for a fresh start in the New Year
Come January, and everyone feels the urge to make a fresh start, and property buyers are no different. Many people would have given up on the prospect of buying property in November and December, and instead, choose to spend time with their families.
Once the New Year kicks off, they become impatient.
By putting your house up for sale in January, you can attract these fresh batches of buyers before other sellers join the queue and crowd up the market. Make your move before others do and close the deal by targeting people who are looking to buy a house at the start of the new year.
Less of a hassle
This is another great reason to put your house for sale in January.
After all, only serious property buyers are out hunting for a home at the beginning of the new year.
Why is that, you ask?
Well, January, February and early March are cold months that would see most people huddled up indoors. Most people prefer to begin their search for a home in spring and summer months as the weather warms up.
This means that you will be showing your home to fewer people, which if you look at it, can be a blessing in disguise. After all, they are taking the pains to show up in this bitter, cold weather because they are really interested in buying a home.
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