Should You Sell in the Winter?
Here’s my advice on the best time to sell your Summit County property.
“What is the best time of year to sell my home?” We get asked that all the time, and it’s a great question, but I always say it’s like asking, “How long is a piece of string?” It depends. With the piece of string, it depends on where you cut it. With real estate in Summit County, it depends on a couple of things, and I’d like to share what those factors are.
Single-family homes are usually listed during the summer because the topography of the surrounding land is important. Is there a lawn to play on? How gently does it slope? Does the landscaping look good? All of these are important considerations for buyers, but the winter months make them impossible to see.
However, from November to April is also when you get the most return through the vacation rental program. We’ve had a lot of sellers decide to keep their property in the vacation rental program until ski season wraps up, then list the house in the summer.
We see condos and townhomes sell a lot during the winter months. So many people come to ski in Summit County, fall in love, and decide to buy a property here. If you own a condo or townhome, winter is a great time to sell because there’s less competition from other sellers. However, if you own a single-family residence, you should wait for summer to list so that you maximize your exposure and sales price.
I hope this gave you a better grasp of when you should list your property. Feel free to give us a call if you have any questions. We would be happy to help.