When is the Best Season to Sell your Colorado Home?
The answer is obvious... or is it?
In the summer, the longer daylight means more buyers can visit your home when the sun is still out. And fair weather turns open house visits into a comfortable and enjoyable experience. In the winter, freezing temperatures and snow may keep people at home which may prevent potential buyers from reaching your property.
Selling in the Winter Presents Unique Challenges, but also Advantages
If you keep your house off the market when the weather turns cold, you miss some big advantages. First, less competition because other home-sellers have pulled their listings. Second, a new audience of out-of-state Coloradans returning home for the holidays and reunions. They may want to stay permanently if they can buy your property. In the summer you will probably have more showings, but some buyers are not serious and just like to look at homes to get decorating ideas, or are just nosy. We see this so often in the summer, that we have an industry wide term for these types of people, we call them "looky-loos." They are a big waste of everyone's time and energy. When a buyer trudges through the snow and/or endures the bitter cold to see your home, you know they are serious buyers and are likely interested in your home.
Why is THIS Winter the Best Time to Sell in Colorado?
Housing inventory is extremely low in Colorado right now. This means that there are currently more buyers looking for homes than there are homes for sale. The effect of this is multiple buyers wanting to buy the same house. This equates to homes selling faster and for more money! Every spring there is a large increase in home inventory, which means this selling advantage will diminish and possibly go away all together. This hot sellers market is based on the simple concept of supply and demand. If you are thinking of selling your home, there is no better time than now! Call us today to learn more about the hot sellers market, how to beat the spring rush, and how to strategically attract multiple buyers for your home.
How to Prep Your Home for the Winter
A primary challenge is that you have to prep your home differently. Start by making sure it's well-sealed from the cold. Caulk any cracks that lead to the outside and weatherstrip around windows and vents. If you don't, drafts may force potential buyers to wonder about your insulation.
Clear a path to your front door, especially after a heavy snow. Otherwise, how are buyers going to enter your home? If you want visitors to look at other parts of your property, such as the view from your upstairs balcony, make those areas walkable as well.
Make Your Home Feel Warm
Finally, make your interiors warm and comfortable so buyers will want to linger. Get a fire going in your fireplace and put some lit candles on the dining table. Open window coverings to let in natural sunlight and turn on all the lights to brighten your rooms. If needed, add lamps and other portable fixtures to dark corners to dispel any gloom.
Looking for more information on selling your home in the winter? Maybe ready to put your property on the market? Give us a call: 720-515-4781 or contact us here.