Despite the myths, the holiday season may be a great time to sell your home. If interest rates are low and the market is hot, take advantage and list your home during the most wonderful time of the year. Here are some reasons why the holiday season may gift you with an offer on your home.
1. Serious Buyers
Buyers who are shopping for homes during the holiday season are normally more motivated, often because of a job relocation, a change in financial situations, or a change in family needs. There may be fewer buyers during this time of year, but the buyers who are shopping are ready to put an offer on a home quickly.
2. Low Supply
During the holiday season, there are typically fewer homes on the market. This gives you an edge up in the housing market. There is less competition between sellers due to the limited inventory.
3. Holiday Decorations
The holiday season allows home buyers to decorate their homes and make it look festive and welcoming. Holiday season buyers will appreciate the holiday décor along with the scents of the season. Put up some wreaths, bows, tasteful décor, and light some candles to help buyers envision living in your home during the holiday season.
4. Free Time
You may think that people are busier during the holiday season, but this is not necessarily the case. Many buyers may have a less demanding schedule during this time of year or have time off dedicated to shopping for homes. As a seller, this means more opportunities to show your home and host open houses.
5. More Attention from Agents
Agents normally have fewer clients during the holiday season which means they have more time to help the buyers who are selling. They will have more time to arrange showings and negotiate deals. This will help you sell your home faster and more efficiently.
Holiday Selling Tips
To be a successful seller during the holiday season, here are some tips to follow to ensure you sell your home in a timely manner and for a good price.
- Enhance your online listing - when the weather is cold and gloomy during the winter season, more home buyers will shop online. Make sure your home is being shown in the best way possible by adding a 3D home tour and making sure the listing description is engaging and descriptive.
- Use a professional photographer - quality real estate photographers know how to make homes look their best and are important to the home selling process.
- Hire the right agent - before deciding on an agent, make sure to interview around and ask each agent about their experience with selling during a slower time of year.
- Price your home to sell - work with your agent to price your home appropriately
Despite the rumors, selling your home in the winter can be the perfect time to sell quickly and for the best price possible. There may be fewer potential buyers, but you will be in a less competitive market with serious buyers ready to purchase a new home.
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