1. Serious Buyers- Unlike the spring and summer counterparts, if someone is out looking in the cold winter, you know they are serious. They are often qualified and motivated to buy now.
2. Lower Interest Rates- interest rates are historically low; buyers are looking to buy now before those rates could rise.
3. Less Competition- Most sellers wait until spring to put their home on the market. Fewer homes for sale mean more competition for serious buyers.
4. Higher Price Points- With less homes on the market in the winter, you’re more likely to see “bidding wars” when there are less homes to choose from.
5. Timing Your New Home Purchase-by listing your home in the beginning of the year, you’ll be ready for the spring market inventory because you won’t have to wait to sell your home.
6. Quicker Transactions-With fewer real estate transactions happening compared to the spring, most inspectors, lenders, and attorneys have less to do which means your deal can be processed sooner.