Tag: selling your home
1. Fewer Homes or Sale & Less Competition
Housing inventory is still under the 6-month supply that is needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market.
There is also less “competing,” so to speak, for buyers as there are typically more properties for sale in the spring and fewer in the winter. Get ahead of the spring market – don’t wait until additional inventory enters the market – and it should work to your advantage.
2. Winter Home Buyers are Motivated to Purchase
In the Chicago area, with cold winters, and current below zero temps, buyers who are out looking now usually are highly motivated to purchase a property. The start of the new year is also the busiest time for corporate relocation. Waiting until the spring or later in the year to sell, you run the risk of missing out on buyers relocating to the area for their job.
3. The Process Will Be Quicker
By putting a home on the market during the winter you may experience faster customer service from movers, lawyers, banks, insurance providers, etc. as they are usually not as busy in the beginning of the year.
If you are thinking of buying or selling, contact us today. We have almost four decades of Real Estate experience.
Thinking of selling your home? Why not start preparing now to make your property show in the best light. Here are some tips: declutter, neutralize, clean, purify, define and enhance.
Source: Clean Conscience
Sure, there has been a lot of snow this winter. If you own a property that is for sale / being shown this winter, or if you are the listing Agent of a vacant property, please, please, please… make sure your driveway is plowed/shoveled, your walkway is clear and ice-free. At one property, a foreclosure, the snow was over 2.5 feet deep in the driveway, preventing any cars from pulling in the driveway, nor was there a cleared path/walkway to the door. Not only did one of us fall, but there were three kids as well and the snow was that high.
Disclose if a driveway has not been cleared. If the snow has not been removed or if icy conditions exists, many would not feel comfortable viewing. We usually have a portable shovel, even though clearing is not the showing Agent’s/buyers responsibility – it is up to the sellers/owners to take care.
Illustration: Chris Gash (source)
Additionally, this snow and rain combination has caused ice, so please make sure to salt, with animal paw friendly salt, all walkways and stairs (if you have them) leading up to your home.
It doesn’t stop outside. Place a large rug (or if you don’t have one, a couple large towels) in the foyer as the water tracks all in…especially on the more slippery surfaces like tile and hardwood. First impressions when viewing the property are important. Don’t make the buyers’ first impression of your home one where they are more worried they are going to fall. It happens and you can be held liable.
If you are too busy and can’t find the time to make your home safe for showings, it may be best to hold of on showings until you can remove the snow and de-ice. I would much rather wait than fall or slip, and I am sure I am not alone.