Buyers are looking for that place to call “HOME” even during the holiday season. Could your home be the “gift” they have been looking for?
Many sellers find themselves trying to decide whether they should sell their home during the holiday season or wait. Some sellers that already have their homes on the market, but not under contract – may make the decision to take their home off the market until the new year. Good idea? Well for some, perhaps … with the hustle & bustle of the holidays, entertaining with family & friends, may hinder your ability to be “show ready” … and that’s fine, isn’t that what the holidays are all about?
I speak mainly to the sellers, who would like to sell now, but think they should wait until after the holidays. Below are just a few reasons why now, still might just be the right time to put your home on the market.
Supply & Demand – I know I am not telling you anything you don’t already know, but nonetheless this still is true today. While buyer demand has slowed a little due to higher interest rates, and there has been a tick up in inventory – there still is not enough inventory to meet buyer demand. What does that mean to you? Less homes on the market, means less homes for you to compete with should you choose to put your home on the market during the holidays.
Serious Buyers – The buyers currently out in the market, looking during the holiday season – are serious buyers … ready, willing, and able to purchase a home. The desire to purchase a home doesn’t just stop during the holidays.
Rents – The cost of renting has gone through the roof. Many buyers are weighing their options – rent vs. buy. In most cases it doesn’t make financial sense to rent (if you have the down-payment) when you can put that money towards your monthly mortgage payment and reap the benefits of homeownership while building wealth through equity.
When is the right time to sell or buy? I will always say … when, the time is right for you/when you are ready – right? If you make the decision – that now may just be the right time to sell regardless of the time of season, do know this … to make your showings a little easier and more manageable, you can restrict your home showings to days and times that are most convenient for you. That can help you minimize disruptions, which is especially important this time of year.
If you find yourself trying to decide what would be the best decision for you, given your situation, feel free to contact me to discuss the current market, and help you weigh the pros & cons that should give you more clarity on how and when to move forward.
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