Just because it’s chilly outside, it doesn’t mean when it comes to buying or selling a home you’ll be left out in the cold. It is still possible to fetch or find a good property price in winter time.
In colder months there’s usually less people at inspections
Winter can actually be a great time for house hunting. Even though it’s considered off-season, it could mean that you can find the perfect property for a great price due to less competition. Often fewer people at viewings comes down to one thing: the weather. We all know that on cold, rainy days many people would rather hide under the doona than assess bathrooms. Parents who are also forced to cart around bored, cranky children can often totally bypass this house hunting season, feeling it’s in the too-hard basket.
There are less bidders
If there are less people at inspections, that could also mean there are less people making offers and bidding at auctions,” says State Custodians’ Anouska Linz. “Even if there are fewer properties available on the market, this could be a great advantage for you when things get serious as you’ll have less competition.
Real estate agents will have more time for you
With generally less to do, real estate agents will have the time to really show you around as a potential buyer. You could really benefit from their local knowledge and they might let you in on pre-market properties before they’re advertised.
It’s a good chance to see how a house holds up
Winter gives you an opportunity to see how a home really handles the harsher elements during an inspection. Test to see how cold it feels in the house and search for heating systems. If it’s colder than Antarctica then take a deep (chilled) breath and suss out the insulation. Observe whether water leaks when it rains or whether cracks in the windows let in bone-jangling drafts. Most importantly, asses how much sunlight the house lets in and whether there’s any mould, or damp, which can be a pain to rectify. Viewing a property during a sunny day might mask these things and lead to a troublesome purchase.
You could have people fighting over your home
If you’re a seller, it also doesn’t necessarily mean you won’t get a good price for your property. “There will always be people out house hunting, especially if you’re in a good area,” says Anouska. “As many home sellers choose to put their homes on the market in spring and autumn, less housing stock could also equate to a higher demand for properties in the market.” This means buyers may be more willing to pay more.
Agents will want to hang out with you
Just as agents may be more attentive to buyers in this period, they’ll probably be very attentive to you as the seller given it’s a less busy time. Sometimes agents may only have limited minutes to spend with you discussing selling strategies. However, given they’re always looking for stock in winter, it means they may be calling you more than your mother! This extra attention could help you sell your property quicker.
You can show off the home in a warm or different light
Winter doesn’t necessarily mean your house has to look as gloomy as a disused bus shelter. Advertising in winter is the perfect opportunity to present the property in a different light. Good heating will demonstrate how warm and inviting your home can be. Also, if it’s facing north, and takes advantage of the winter sun, it is a good time to show this off, too. And given the fading winter light, photographers might choose to shoot a picture of your home brightly lit up at night. These photos are becoming increasingly popular as they can show off a home in an even more flattering light than daytime.