Many sellers feel that spring is the best time to place their home on the market as buyer demand increases at that time of year. However, the fall and winter have their own advantages. Traditional school of thought dictates that selling a home during the holidays is a bad idea. People are busy celebrating with their families and will hardly go shopping for a home, right? Not so! There are numerous advantages to listing a home during this season and below are just a few reasons to put a home on the market now.
Decked Halls Look Great
Homes are very appealing to prospective buyers when they are decorated for the holidays. With all the festive décor, lights, greenery and added beauty of the season, homes show very well during this time of the year.
Only Serious Buyers Are Out
At this time of year, only those purchasers who are serious about buying a home will be in the marketplace. You and your family will not be bothered and inconvenienced by mere ‘lookers.” The lookers are at the mall or online doing their holiday shopping.
More Time for Buyers
Homebuyers have extra time off from work and many are on vacation, which translates to more chances of your home being viewed.
There Is Far Less Competition
The less competition there is, the higher the chance there is for a home to sell. Housing supply always shrinks dramatically at this time of year. The choices for buyers will be limited. Don’t wait until the spring when all the other potential sellers in your market will put their homes up for sale. Inventory always increases in January and through the spring.
The Process Will Be Quicker
One of the biggest challenges of the 2013 housing market has been the length of time it takes from contract to closing. Banks have been inundated with both purchase and refinancing loan requests. Both of these will slow in the winter, cutting timelines and the frustration these delays cause both buyers and sellers.
There Will Never Be a Better Time to Move Up
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 25% from now until 2018. If you are moving to a higher priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock in your 30-year housing expense with historically low interest rates, right now. There is no guarantee rates will remain at these levels in years to come.
It’s Time to Move On with Your Life
You have the power to take back control of the selling of your home by pricing your home to guarantee it sells. The time has come for you and your family to move on and start living the life you desire. That is what is truly important.
January is typically the month where employees are transferred into new positions. In order to capture these buyers, your home must be on the market since these buyers cannot wait until the spring to begin shopping or buying.
You can sell now, then delay closing or extended occupancy can be negotiated, leaving both parties the leniency to get through the holiday season and past the new year.
So, if you are wondering whether or not to put your home on the selling market now, or to wait – one important factor is that waiting will not provide much benefit. Call me now to get your home on the market during the holidays. 253-229-5399