Spring and summer are considered the best time to sell a house. A Zillow study found that homes stay on the market for around five days longer in winter when compared to the yearly average. The end of November to February is the holiday season when people are busy with Thanksgiving, Christmas, and other holidays. Plus, people are busy planning vacations and visiting with family and friends. Here are a few other reasons why winter isn’t the right time to sell.
1. Low-Ball Offers
Because it’s the off-season, people assume that you are desperate to sell and make lower offers. Low offers could leave you getting a lot less than your home is worth. Buyers are likely to be suspicious about the condition of your house, thinking you are hiding significant issues, or worse, not disclosing title defects.
2. Delays on the Purchase
Bank holidays, vacation schedules, and the general festive cheer could delay the sale process. Many businesses take off around this time, making it difficult for you to make appointments with home inspectors, appraisers, or home stagers. You could even find it challenging to trace good realtors since many of them plan their vacation during the off-season. Because of these delays, it could take a longer time for buyers to finalize the deal.
3. Cold Weather
Not everyone is interested in house hunting when it’s cold outside. They’d rather wait until spring when the weather is warmer. The dreary and dark weather also makes it difficult to create curb appeal. And if the house needs a little more than cosmetic repairs, this isn’t the right time to sell. Some of its flaws could show themselves more clearly during the winter months.
But not everyone can wait until spring or summer to sell a property. If you’re wondering how you can sell your house fast in Milwaukee, contact us. We buy houses in Milwaukee 365 days a year, irrespective of its condition. You don’t have to worry about leaks, roof problems, foundation issues, or other repairs. We buy houses in as-is condition.