As the year comes to a close, you may be considering putting your house on the market. However, the question arises: should you sell now or wait until January? While it may be tempting to wait until after the holidays, there are three compelling reasons to make your move before the new year.
Firstly, by selling now, you can get ahead of other sellers. Towards the end of the year, homeowners are less likely to list their houses due to the busyness of the holiday season. This gives you a unique opportunity to gain an advantage over your competition. By starting the process with a real estate agent today, you can get your house on the market before your neighbors do.
Secondly, selling now allows you to get your house in front of eager buyers. Although there has been a slight increase in the supply of homes for sale compared to last year, it is still relatively low. This means that there is a shortage of available inventory to meet the needs of motivated buyers. By listing your home during this time, you are more likely to attract serious buyers who are actively looking to make a purchase.
“Putting your home on the market at this time of year and attracting a serious buyer can often result in a quicker sale.” – Investopedia
Lastly, selling before the new year allows you to utilize your equity to fuel your move. Homeowners currently have record amounts of equity, with the average amount per mortgage holder reaching almost $290,000. This means that the equity you have in your house right now can potentially cover a significant portion, if not all, of a down payment on your dream home. By selling now, you can take advantage of this equity and achieve your goal of making a move to a new home that better suits your needs.
The Bottom Line
Listing your home before the new year can provide you with unique benefits. Less competition, motivated buyers, and the opportunity to use your equity gains to fuel your move all work in your favor. To achieve your goals before winter sets in, reach out to a local expert who can guide you through the process.
What To Do
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