02 Dec Holiday Home Sales
People often perceive the Spring and Summer to be the best times to sell a home, but the holiday season can be just as great a time. More than because of the holiday cheer, a home seller may find it easier to list during the holidays because of several factors. If you’re considering putting your home on the market this season, let us explain why that might give you an edge in the process.
1)Less Inventory, More Attention
During the winter, a majority of listings go off the market. Large selections of new construction don’t typically wrap up until the spring. Because of this, the homes remaining quickly and easily garner the attention of potential buyers. Less competition for your home increases the likelihood of selling.
2)Winter Buyers Are Serious Buyers
If someone is seeking to buy a home during the winter, it means they are serious. The holiday season is not as convenient for casual shoppers, so although the pool of prospective buyers may be reduced, the people left are more willing to sign on the dotted line. People might be shopping during this time in order to change school districts, move for a new job, or any number of reasons that make winter the time they’d want to buy.
3)Interest Rates Are At An All-Time Low
The Federal Reserve has cut interest rates to record lows. This is incentivizing purchasing behavior, and who knows how long buyers will be able to use this to their advantage. Despite it being winter, now is the time for a buyer to lock in those low-interest rates.
Only you can determine the right time to buy or sell a home, but some people are often dissuaded from doing either during the holiday season. These reasons hopefully help to debunk the myth that homes can only move during the warm months.