Do Buyers Want Your Home This Holiday?
Every year at this time, homeowners who are planning to move must decide whether to sell now or wait until after the holidays. Some sellers who already have their homes on the market may even remove their listings until the new year.
“ . . . while a majority of people take a step back from the real estate market during the holiday months, you may find when the temperature drops, your potential for a great real estate deal starts to rise.”
To help prove that point, here are four reasons you shouldn’t wait to sell your house.
1. The desire to own a home doesn’t stop during the holidays. While some buyers may choose to postpone their relocation until January, others may need to relocate immediately due to a change in their circumstances. Buyers looking for a home at this time of year are usually motivated to make their move and eager to buy. A recent article from Investopedia says:
“Anyone shopping for a new home between Thanksgiving and New Year’s is likely going to be a serious buyer. Putting your home on the market at this time of year and attracting a serious buyer can often result in a quicker sale.”
2. While the supply of homes for sale has increased a little bit lately, overall inventory is still lower than it was before the pandemic. What does this imply for you? Even if you work with an agent to price your home at market value, it may sell quickly because today's buyers want more options - and your home may be exactly what they are looking for.
3. You can determine the days and times that are most convenient for you for home showings. That can help you minimize disruptions to your own schedule, which can be especially important during this busy time of year. Plus, you may find buyers are more flexible on when they’ll tour a house this time of year because they have more time off from work around the holidays.
4. And finally, homes decorated for the holidays appeal to many buyers. For those buyers, it’s easy to picture gathering with their loved ones in the home and making memories of their own. An article on selling at this time of year offers this advice:
“If you’re selling around a holiday and have decorations up, make sure they accent—not overpower—a room. Less is more.”
There are numerous reasons to list your home for sale during the holiday season. Let's chat and see if it's the right time for you to sell.