During this festive season, homeowners contemplating a move find themselves at a crossroads: sell now or wait until after the holidays? Some sellers, already on the market, may even consider temporarily withdrawing their listings until the new year.
Contrary to the common notion that the real estate market takes a back seat during the holiday months, the truth is that the potential for a great deal often rises as the temperature drops. A Fortune Builders article notes that, “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 reinforce this point, here are four compelling reasons not to delay selling your house:
Holiday Desire to Own:
The desire to own a home doesn’t take a holiday break. While some buyers may postpone their moving plans until January, others might need to make a move due to changes in their lives. Those actively searching for homes during this time are usually highly motivated buyers, eager to finalize their purchase. An Investopedia article emphasizes that “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.”
Despite a slight increase in the supply of homes for sale recently, overall inventory remains lower than pre-pandemic levels. This scarcity presents an opportunity for sellers. Pricing your house at market value, with the assistance of a knowledgeable agent, may result in a swift sale. Today’s buyers, hungry for options, may find your home to be precisely what they are seeking.
Selling during the holidays allows you to dictate the days and times that are most convenient for your home showings. This flexibility minimizes disruptions to your schedule, a crucial consideration during the busy holiday season. Additionally, potential buyers tend to be more adaptable in scheduling house tours, benefiting from extra time off work during this period.
Homes adorned with holiday decorations have a unique appeal to buyers. The thought of creating memories with loved ones in a festively decorated home resonates with many. An article on selling during the holiday season suggests, “If you’re selling around a holiday and have decorations up, make sure they accent—not overpower—a room. Less is more.”
In conclusion, selling your home during the holidays can offer a strategic advantage. The motivated pool of buyers, coupled with limited inventory, presents an opportunity for a timely and successful sale. Embrace the festive season as a unique selling point, and you might find the perfect buyer eager to turn your house into their new home.