Is it a Good Time to List?
Can you believe we are entering the holiday season? It seems like we were just raising our glasses to toast 2022. As a seller, you may be asking if it is wise to sell your house during the holidays? In real estate, this is typically the slowest month of the year for buyers and sellers. However, if you are a homeowner that has to sell right now, maybe because of a job relocation, divorce, or perhaps the current size of your home no longer meets your needs, here are some key points you may want to consider to help with your decision:
Ahead of the Game
#1 – You will be getting one step ahead of other sellers. Typically most homeowners will wait until the new year before listing their home due to the hustle and bustle of holiday shopping and gatherings. However, listing your property now will give you the opportunity to get ahead of the competition.
Serious Buyers Look During the Holidays
#2 – You will get in front of serious buyers, not just looky-loos. Most buyers searching for property during the holiday season are typically the very serious type. They are not just looky-loos or “just curious” about what’s happening in the market. By listing your property during the holidays, you can be in front of a buyer eager to make a purchase before the end of the year.
Take Advantage of the Equity in Your Home
#3 – You are in a better position to move up. Remember, it’s easy to get distracted with all the hustle and bustle of the holidays, so do not lose sight of why you need to sell in the first place. Maybe it’s because you need a bigger space or a better location for your kids to go to school. Also, keep in mind that today’s seller is in a better position to “move up” due to the amount of equity in their home. According to Corelogic, the average amount of equity per mortgage holder has climbed to an all-time high of $300,000!!! Which also means we are much less likely to have another housing crash. So that’s great news!!
I hope this information was helpful. And, as always, we’re here to consult you as a trusted advisor and to get you the latest information on the market. Feel free to contact my team and me so we can fill you in on the latest market updates in your local area.