The winter can be the slowest time of year for home sales. Most buyers take this season off, preferring to sit inside where it is warm and spend the holidays with family.
While this is all well and good, it often means that real estate professionals are left with too much time on their hands. Business could flounder and potential clients may stop calling. If this is the case, there is really no reason to worry. Instead of sitting around bored, Realtors should use the winter to their advantage.
Turn slow winter sales around
While winter sales are generally slow overall, there are still a few buyers out there. Therefore, real estate agents should be doing whatever it takes to find them and complete some deals.
According to a RealtyTrac infographic, buying or selling a home can be the smart choice during the winter. One reason why? Home prices tend to take a dip alongside the temperature. The annual low often falls at this time, which provides more leverage for buyers and their agents. In addition to prices, there is often less competition at this time. As a result, many properties only have one or two offers, making the process less complicated and leaving more power in the hands of buyers.
Moreover, bad weather can say a lot about a home, RealtyTrac noted. While that warm summer air and sunshine is nice, it doesn't put a lot of stress on a property. On the contrary, snow, sleet and strong winds do. A tour at this time can expose any drafts, roof problems or other concerns. That means fewer issues for the buyer down the road, and a more complete understanding about the residence. A real estate agent may also have an easier time calling upon colleagues, like a home appraisal professional, during the winter. There is often less business for everyone in the industry, so a number of people may be more available.
Courthouse Retrieval System offers a large collection of mortgage records, property data and much more for all real estate professionals. Easy access to this information can be the exactly what a person needs to excel within the industry.
Tips to stay busy during the winter
If sales don't pick up during the winter, there is still plenty a real estate agent could do to stay busy. According to Proquest Technologies, now could be the perfect time to get ready for next year.
This can be achieved with a customer poll, the news source noted. All prospects, past and present clients can be questioned about marketing tactics, listing ideas and home staging solutions. Better yet, these polls can be turned into a monthly exercise, helping any professional stay up-to-date with the pulse of the consumer base. The winter could also be a great time to do some shopping as well, and there may be plenty of available discounts after the holidays.
In addition, real estate agents should use the winter to get educated, the news source noted. Many industry elements change over time, so now might be an ideal opportunity to take a class, receive an online certification or travel to a conference.