Sell Your Wallenpaupack Vacation Home In the Spring?
I often surprise sellers when I tell them that buyers look for Lake Wallenpaupack, Hideout, or Masthope vacation homes all year long. Indeed, the winter months are very busy for active Realtors like me!
As hard as it is to believe, serious buyers who seek that perfect lake house will come in all kinds of weather and brave all sorts of conditions. Because they want to spend Memorial Day in the mountains or at Lake Wally, they continue to house hunt in January, February, and March.
The price of any item (including vacation homes & other real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
The supply of homes for sale dramatically increases every spring, according to the National Association of Realtors (NAR).
As an example, this happened to housing inventory at the beginning of 2018:
To sell your lake house in the winter, rather than wait for increased competition in the spring, makes a lot of sense from a supply/demand point of view. The challenge, of course is to keep your vacation home accessible during the winter. This is not as difficult as it sounds. A good agent (*waves*) will guide you through the process!
Tips to Sell Your Vacation Home In the Winter
- Hire a snow plow contractor to keep your driveway plowed & walkway shoveled. Most contractors offer a seasonal plan.
- Keep a large rug inside the entry & provide booties for wet shoes.
- Tape toilet seats shut and place a “water off” notice on all toilets in winterized properties.
- Remember that utilities must be on and septic lid must be accessible for inspections.
Buyers in the market during the winter are truly motivated and they want to buy now. With limited winter inventory available in most markets, sellers are in a great position to negotiate. With this in mind, if you wait to sell your Wallenpaupack vacation home in the spring, you may miss out on the most serious buyers.
Call or contact me to discuss your options.