Holiday Home Hunt: Is Your Home the Top Wish List Item?
During this time of year, homeowners who are considering a move are faced with a choice: should they sell now or wait until after the holidays? Some sellers who already have their homes listed may even take them off the market until the new year.
However, the reality is that many buyers are actively looking to purchase a home during the holiday season, and your house could be exactly what they’re searching for. As an article from Fortune Builders explains, “while most people take a step back from the real estate market during the holiday months, you may find that when the temperature drops, your potential for a great real estate deal starts to rise.”
To support this, here are four reasons why you shouldn’t wait to sell your house:
1. The desire to own a home doesn’t diminish during the holidays.
While some buyers may choose to delay their moving plans until January, others may have experienced a change in their life circumstances that requires them to move immediately. Buyers who are searching for homes at this time of year are typically motivated and eager to make a purchase. According to Investopedia, “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 during this time and attracting a serious buyer can often result in a quicker sale.”
2. Although the supply of homes for sale has slightly increased recently, overall inventory is still lower than pre-pandemic levels.
What does this mean for you? If you work with a real estate agent to price your house at market value, it could sell quickly because today’s buyers are seeking more options, and your home may be the perfect fit.
3. Selling during the holidays allows you to determine the most convenient days and times for home showings.
This can help minimize disruptions to your own schedule, which is especially important during this busy time of year. Additionally, buyers may be more flexible with their availability to tour a house during the holidays due to having more time off from work.
4. Lastly, homes adorned with holiday decorations have a special appeal to many buyers.
For these buyers, envisioning themselves gathering with loved ones in the home and creating their own cherished memories becomes effortless. An article on selling during this time of year advises, “if you’re selling around a holiday and have decorations up, make sure they accent—not overpower—a room. Less is more.”
The Bottom Line
There are numerous compelling reasons to list your house on the market during the holiday season. Reach out to a local expert to determine if now is the right time for you to sell.
What To Do
Did you find this read interesting? Need expert and white-glove advice? Get in touch for local and professional real estate advice in your neighborhood. Fill in the form above to speak with a real estate professional specializing in this topic and more!