Selling your Denver home in this winter season might seem like a bad idea but waiting until spring to list your property could be a mistake. This year, mid- to late-winter could be a great time to sell.
Normally, the inventory of homes for sale in Denver dwindles in December as people focus on the holidays. Sellers who market their homes early in the year often find little competition from other sellers, and this year we are predicting that sales will peak earlier than in the past. We recommend that in order to avoid competition, that the best time to get your home on the market will be January, February or early March.
For sellers, listing in the next several weeks will ensure that their property will have far less competition - most people wait to put their home on the market in the spring months. Since there is less inventory in the winter than at other times of the year (especially this year), we will be able to make your home stand out with a comprehensive marketing program. And, by selling your home during the winter, you may benefit by being able to more easily achieve your moving goals and priorities (you were going to sell your home anyway, right?).
Additionally, the buyers who do look at homes at this time of year may be fewer, but they are usually much more serious about making a purchase. People willing to brave the cold weather and snow are serious about finding a home. You will probably have fewer showings but the people who come through will be more qualified.
January is typically a month with a lot of corporate transfers, and many people have to buy a home as soon as possible because of this. By starting to market your home early, you may be able to secure a higher price because of the decrease in supply.
Because there are fewer homes for sale, if you market your home right, you have the potential to get top dollar. Sellers definitely have the upper hand in a winter transaction. In the summer months, buyers might have 30 homes to choose from.
But in the winter, there may only be 10 or less that fit the same criteria. You have a much greater chance of someone submitting an offer on your home in the winter.
If you have any questions about real estate, feel free to contact your local metro Denver real estate professionals, The Bandy Team! Our team will guide you through all phases of the home buying and home selling process in Denver. Let us show you homes in some of the fine communities of Aurora, including real estate in Saddle Rock, homes in Heritage Eagle Bend, or property in Tallyns Reach.
We are here to help you find your dream home and will guide you every step of the way!
Until next time,
Marianne Bandy, Team Leader
The Bandy Team
Keller Williams Park Meadows