Blog about real estate related issues, property, living and vacationing in beautiful Boyne City, East Jordan, Charlevoix, Boyne Falls, Petoskey, and Walloon, Michigan.

Wednesday, February 13, 2019

How Does All of This Harsh Winter Weather Affect Real Estate?

As with most things, the harsh winter weather tends to slow things in the real estate business.

Normally, during this time of year, we begin to see inventory build.  Savvy sellers are getting their homes on the market to beat the "competition" of other homes that are in the same price range.  By bringing their home to market sooner that other homes while inventory is low they are hoping to catch the eye
of a buyer who has yet to find the home they've been searching for since last year.

Is it more challenging to list your home for sale in the winter in northern Michigan?  Yes, it is. The exterior/landscape doesn't look great, you have to keep the snow and ice under control, you'll have people looking at your home and potentially tracking in snow.  And when your home sells you may have to move in it! 

On the other hand...since inventory is low, you may garner a higher price for your home since there are fewer homes to compete with yours.  Also, you may NOT have to move if the buyer is willing to take occupancy at a later date, allowing more time for you to move out and/or find a place to go.  Most of us have seasonal pictures of the exterior and can show potential buyers what your home looks like in the spring, summer, and fall.

With this onslaught of winter, 2019 is shaping up to having an even slower start with property listings.  There's plenty of time to make an appointment with me and I can consult you as to what the best timing is for your home to be listed.  It may depend on price range, property type, or location, for example.

Listing now could make a big difference in how much you put in your pocket at close so contact me now to discuss.  231.590.8230