#WednesdaysatHomeLove – Selling a home in the winter?

Is it more challenging to sell a home in the winter?

Via RECO.

“…I think it depends on each individual’s personal and financial circumstances more than the weather, and the state of the market is a factor too, of course.

Yes, spring and fall are generally considered peak seasons to buy and sell in Ontario. The truth is that real estate transactions occur all year ‘round but there may be a slightly different experience in the colder months.

While buyers and sellers may be more active in the spring and fall, it doesn’t necessarily mean that winter is a bad time to sell.

What do I mean by that? Well, if there are fewer homes listed in the winter, your property has the potential to get more attention from prospective buyers. As well, you can be pretty sure that if someone takes the time to look at your home in sub-zero temperatures, they are serious about finding a place and closing a deal.

Having said that, every transaction is different. So, if this is something you are considering, here are a few things I would encourage you to think about and discuss with your agent to determine if selling in the winter is a good option for you…

Compare the closing dates of your current and next home…

Remember that public safety is paramount…

Selling a home takes time and attention…

With that said, although agents are trained professionals who can guide you through the sales process, always remember that you are in the driver’s seat. So make sure you are doing your own research and closely reviewing market trends as well. Discuss what you learn with your agent. Agents appreciate knowledgeable buyers and sellers.”

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