From For Sale to Sold: Why You Should List Your Home Before the New Year
Are you considering making a move and selling your house as the year comes to a close? The decision of when to sell your home can have a significant impact on the process and its outcome. While waiting until the new year might seem like a good idea, there are compelling reasons to consider selling your house before the calendar turns. Let’s explore three compelling reasons to make your move before the new year.
Get One Step Ahead of Other Sellers
In the world of residential real estate, it’s a well-known fact that homeowners are less likely to list their properties toward the end of the year. As the holiday season approaches, people often get caught up in the festivities and may deprioritize the idea of selling their homes. They tend to wait until the start of the new year when life settles into its usual rhythm. However, this scenario presents an opportunity for savvy sellers.
By choosing to sell now, while many homeowners delay their plans until after the holidays, you gain a significant advantage. You can get ahead of the competition by initiating the process with a real estate agent today. This proactive approach allows you to put your house on the market before your neighbors, increasing your visibility and the potential for a quicker sale.
Get Your House in Front of Eager Buyers
While the supply of homes for sale has increased compared to the previous year, it’s still relatively low. This limited inventory presents a unique situation for sellers. While some buyers might postpone their plans until January, others have compelling reasons to move sooner, whether due to personal circumstances or life changes.
These motivated buyers will still be active during the latter part of the year, and they are determined to make their move happen. However, they might face the challenge of a shortage of available properties to meet their needs. An article from Investopedia highlights:
“. . . if your house is up for sale in the winter and someone is looking at it, chances are that person is serious and ready to buy. Anyone shopping for a new home between Thanksgiving and New Year’s is likely going to be a serious buyer. Putting your home on the market at this time of year and attracting a serious buyer can often result in a quicker sale.”
Selling your home during this season can attract dedicated buyers who are prepared to act swiftly.
Use Your Equity To Fuel Your Move
It’s essential to keep in mind that homeowners today possess record levels of equity in their homes. According to CoreLogic, the average equity per mortgage holder has soared to almost $290,000. This means that the equity you currently have in your house can potentially cover a significant portion, if not the entire down payment on the home of your dreams.
As you contemplate the reasons for selling your home before the year ends, it’s crucial to recall the motivations that initiated your decision to move. Perhaps it’s time for a new home in a location that better suits your lifestyle, one that offers the perfect space for you and your loved ones, or your needs have evolved over time. A local real estate agent can help you assess your home equity and explore how to leverage it to achieve your goal of making a move.
Bottom Line
Listing your home before the new year can offer unique benefits that make the selling process smoother and more advantageous. Less competition in the market, motivated buyers who are committed to making a purchase, and the potential to use your equity gains can all work to your advantage. So, don’t hesitate to reach out and connect with a real estate expert. Let’s work together to achieve your goals and make your move before winter arrives.
