Most people think that spring is the best time to sell their home because everyone wants to buy as soon as school is out and get settled before the new year school year starts. With COVID this year, you can throw out almost all the ‘normal’ statistics from the past. As with this year, even though inventories were and are still low, it has been a record-breaking year for real estate. This year has proven, there is no ‘ideal time’ to buy or sell.
Because inventory is low, it is definitely a seller’s market. Typically, before a home is ever listed, we can put out a notice of ‘Coming Soon,’ and have multiple appointments for showings before it ever shows up on FMLS. For one such home recently, I had 9 appointment showings prior to it being formally ‘listed’ and a cash offer.
So, what does this have to do with selling your home during the holidays? Here are some reasons:
- You have very motivated very serious buyers that possibly have had to rent temporarily until they could find what they wanted
- Because inventory is low, you can usually get near or sometimes above the asking price, as many homes are receiving multiple offers now
- Because homeowners decorate and make their home feel warm and inviting sometimes invokes the buyer’s emotions as to which home they choose.
- And plus, it makes an Awesome gift to the family – so get them what they really want
There are many reasons some do not want to list during the holidays. They are worried about showings and people being in and out of their homes. Right now, it has turned into a very quick process with multiple showings as soon as it’s listed. Most all listings right now are going very quickly. Buyers around the holidays are very serious. They are not just ‘window shopping.’ They are ready to pull the trigger when they find what they want.
Another reason some people sell and buy the last couple of months of the year, is due to job offers and transfers. They can’t wait until Spring. Most companies want their employees in place the first of January. They figure that the extra holidays give time to pack and move.
Lots to think about with the new year fast approaching. Housing costs will probably rise as well as the interest rates.
If you want to explore the possibilities, give me a call, and let’s talk.