Why the Holiday Season Is a Good Time to Sell Your Home
With the holiday season in full swing, many people are shopping for gifts, planning their end-of-the-your vacations, or thinking about how they’ll spend time with family. So if you’re thinking about selling your home, you might feel that this is the wrong time of year to list your home.
Spring is typically a hot season for real estate, but the truth is, the real estate market never completely dies. People buy homes at all times of the year. So while the winter or holiday season might not be a popular time to sell a home, it isn’t a bad time either.
Compared to the springtime, putting your house on the market during the holiday season could result in a faster sale. Here’s why:
1. A new year brings big changes (for some)
A new year is a fresh start, which might involve a new job or relocating to a new city or state. Most companies in search of the right employees don’t stop hiring just because it’s the end of the year. And once a company make a hiring decision, a new employee might look to settle into a new home before January, which means they’re actively searching for housing in December.
2. You’re dealing with serious buyers
People who aren’t ready to make a move will likely postpone shopping for house until after the holiday season. Therefore, any showings of your home scheduled during this time of year will be for serious buyers who are ready to make an offer.
These might be the same individuals who started their home search in the late summer or fall, but haven’t found the perfect home yet. Your property could offer everything they’ve been looking for and more.
3. Less competition
The same way you thought listing a home for sale during the holiday season was a bad idea, other homeowners may think the same. In most cases, these owners will hold off listing their properties until after the season or until the spring.
As earlier mentioned, however, serious buyers who began their search before the holiday season don’t always put their plans on pause. Also, keep in mind that the inventory of available homes for sale typically drops in the winter. So if you moved forward with the sale of your home now, you’re likely to have more showings, thus increasing the odds of a faster sale.
4. Your home may show better around the holidays
If you get into the holiday spirit and decorate the interior or exterior of your home with lights and other seasonal accents, your home might actually show better during this time of the year.
If you have a showing scheduled around dusk or in the evening, turn on your outdoor holiday lights to make a great first impression. You can even add touches of holiday decor inside to create a cozy atmosphere. Potential buyers are more likely to make an offer when they can envision themselves living in the space.
5. You can control the times of showing
Granted, you might have a lot on your plate during the holiday season, especially if you’re hosting family or gatherings. It might seem more convenient to postpone showings until after the holidays. But before you relay this news to your realtor, don’t forget that you’re in complete control of showings.
Rather than cancel all showings for the next three or four weeks, work with your realtor to determine the best times to schedule a showing. You can limit showings to certain days of the week or certain times of the day. You can even request no showings in the days leading up to Christmas.
Selling your home can be the start of a new journey for your family. And if you’re looking to make a move sooner rather than later, don’t put off the sale of your home. Interest rates are predicted to increase in 2019, so the earlier you’re able to buy your next home, the better.
To learn how you can get an affordable rate on your next mortgage, speak with one of our loan experts at Cherry Creek Mortgage. We can answer any questions you have about rates and mortgage programs.