Published on December 02, 2013
Hi, my name is Kelly Dixon and I am a marketing assistant at CU Companies. There has been a lot of talk in the past week that the housing market is starting to slow down for the year. I wanted to know why it slows down and what people should know if they are interested in buying or selling this time of year. I chatted with some of the agents here at CU Realty to gain some insight, and here is what I discovered.
The housing market slowdown starts in the beginning of September when kids go back to school. Moving a family is no small task. Parents want to stay put when their kids are starting out the new school year, because they don't want to added stress for the family. Before we know it, the holidays are upon us and families want to be able to decorate and enjoy the season. These factors make the housing market slowly digress until the holiday season is over.
If you are thinking of selling you can use the cold-weather season to get your house ready to sell. Fix things like dents and scratches in the walls, de-clutter your counters and shelves, eliminate clothes in your closet that you don't need for the winter, and start deep cleaning the house. But, don't totally eliminate the idea of selling during the holiday season as there are some perks for doing so.
While there are a lot of people that don't want to look at homes when it's snowy and cold, there are some benefits to looking during the winter. Take a look at the roof for example; if you see melted snow that could mean the roof isn't insulated well and it's losing heat. While you are touring the home, take note of how warm the home feels in different areas to see if the furnace and duct work are doing their job. If you are touring homes on a windy day, see if you notice drafts or poorly sealed windows or doors. Another perk is that buyers and sellers are often very serious during this time and are ready to make a move. There is less competition for good value listings; you will get more for your money with less hassle.
Looking for additional pointers for selling during cold weather months? We've got them! A lot of sellers forget to turn their heat up instead of down when leaving their home. You want to make it nice, cozy and warm when buyers are touring. Make sure your driveways and sidewalks are shoveled and ice free. Some people go wild with holiday decorations; keep them to a minimum so the buyers can picture their own decorations in the home.
With those tips in mind, buying and selling doesn't have to hibernate! There are definitely pros to buying and selling all year round.