Selling Homes over the holiday season may just be the best time to do it 🦃🎅!
Over the holidays, there are typically fewer homes available, giving potential buyers fewer options. One might be able to get a higher asking price if they stage their property well and set suitable pricing. Even if there is a limited supply of homes for sale, they may sell for more money over the holidays. Stronger buyer demand: The price per square foot is higher because there are fewer houses on the market compared to other times of the year.
Reduced competition: Home buyers take their vacations in December and January. This can temporarily reduce the number of real estate agents in your area. There will be a period of time between the day you take the home off the market and when you actually close on it. This can give your buyers time to prepare for their move.
Shorter escrows: While it is a terrific time of year to start shopping for a new home, selling around the holidays might hasten the sale of one you already have. Additionally, around the holidays, people are most likely to relocate due to a job transfer or an irresistible offer.
It’s likely that if someone is looking at a property in the dead of winter, they are serious and prepared to buy. Between Thanksgiving and New Year’s, anyone looking to purchase a new house is probably a serious buyer. A speedier sale is frequently the outcome of putting a house on the market at the time.
Some contend that it is challenging to exhibit a home in the winter. However, putting up the heat, baking something delicious, and clearing the driveway and sidewalk of snow and ice may all increase a home’s charm. During the holidays, buyers are more likely to be emotional and may base their selections on the emotions a property evokes.
It is advantageous if there are many triggers that might draw home-buyers in emotionally since they may be more prone to emotional purchases at this time of year. The neighborhood may appear differently to those buying a property during this season since it is more joyful and festive.
Potential tax benefits: If a transaction is completed on or before December 31st, homebuyers may write off their interest payments on their mortgage, property taxes, and loan charges. The deduction is now limited by tax restrictions, but the financial advantages can still persuade a buyer to relocate now rather than wait until spring.
Selling one’s house over the holidays may benefit one in a number of ways, with fewer competitors, more genuine purchasers, and perhaps even a fast sales process. Additionally, it offers a rare chance to create a warm and inviting atmosphere that is impossible to do in the spring and summer. See how easy it is to sell your house with Megg Homes.