The holiday season is upon us and homeowners who may be contemplating a move are faced with a crucial decision: should they sell now or wait until after the holidays? Some sellers currently with homes on the market might even opt to temporarily remove their listings until the new year.
This time of year can actually be a great time to showcase your property. Many potential buyers are actively seek homes during the holiday season. According to an article from Fortune Builders, despite the common trend of people stepping back from the real estate market during the holidays, the potential for a lucrative deal tends to increase when the temperature drops.
Here are four compelling reasons not to delay selling your house:
1. The desire to own a home persists throughout the holidays. While some buyers may choose to postpone their move until January, others may be compelled to relocate immediately due to significant life changes. Those searching for homes during this period are often highly motivated to make a purchase, as noted in a recent Investopedia article: “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. Despite a slight recent increase in the supply of homes for sale, the overall inventory throughout the valley remains lower than pre-pandemic levels. This presents an advantage for sellers, as pricing your house at market value with the guidance of an agent could result in a quicker sale. Today's buyers are actively seeking more options, and your home may align perfectly with their search criteria.
3. Selling during the holidays allows you to capitalize on the influx of visitors at this time of year. It also allows you to dictate convenient days and times for home showings, minimizing disruptions to your schedule, particularly crucial during this busy time of year. Additionally, buyers may be more flexible with touring houses during the holidays, as they often have more time off from work.
4. Homes adorned with holiday decorations emit a warm, cozy atmosphere and have a special appeal to many buyers. Such decorations help buyers envision creating their own cherished memories in the home. A recent article on selling during the holiday season suggests that if your home is decorated, ensure the decorations complement rather than overpower the space. Less is often more!
There are numerous compelling reasons to list your house during the holiday season. If you've been considering selling your home, please give us a call! Mindy can help you determine if now is the opportune time to sell.