Should You Sell During the Holidays?
As we gear up for the holiday season, daydreams of celebrating in the warmth of your dream home start playing through our minds. But this nagging question won’t stop knocking at the door of your daydream: with the cooling housing market, is now really a good time to sell your house?
Here are the top 3 reasons why the holidays are a shockingly good time to sell your house:
1. Get ahead of other sellers
Customarily the number of listings on the market will decrease during the holiday season as homeowners’ schedules fill up with holiday plans. Selling your house now, in a less saturated market can increase your profit with multiple offer situations, especially with a strategic pricing and marketing plan.
2. Only entertain serious homebuyers
We tend to only see serious homebuyers during the holidays, and with less listings on the market this often leads to fewer impactful showings of your house, to get top dollar offers. The supply of homes for sale is still overall low, which indicates there are not enough homes on the market at this time, especially with the largest generation of our time, millennials, reaching home buying years. As Mark Fleming, Chief Economist at First American, stated:
“While not the frenzy of 2021, the largest living generation, the Millennials, will continue to age into their prime home-buying years, creating a demographic tailwind for the housing market.”
3. Take hold of your equity
The equity you’ve built in your home can completely or partially cover the down payment of your dream! Homeowners in today’s market are holding record high equity. As explained by CoreLogic, the average increase of homeowner equity has climbed nearly $300,000. That’s an all time record!
We’re happy to guide you on the best strategic uses of your equity and the process involved to take advantage of your equity.
Bottom Line
As you consider the pros and cons of selling your house in this market, we’re happy to guide you on the best decisions for your specific situation. Zeroing in on your big why is important to determine if now is the right time for you and your family to make a move. Whether you need more space, a new location, school district, or fresh start in a new space to make home. We are here to genuinely guide you on the best decision for YOU! Don’t hesitate to reach out with questions or if we can help with any of your real estate needs.