Why the Holidays is Best Time to Sell

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Real Estate

Why NOW is the Best Time to Sell Your Home

  1. There are motivated buyers in the market that must buy for tax reasons
  2. During the Holiday Season there are typically less homes on the market.  Less supply means less competition.  Less competition means more money in your pocket.
  3. Many people have time off during the Holidays, which increases their availability to see homes.  Buyers that buyer during the Holiday Season tend to be serious buyers.
  4. Buying is an emotional purchase and emotions tend to run high during the Holiday Season.  Strategically, having the opportunity to work off a buyer's emotion is in your favor....they tend to offer a higher price when emotions are involved.
  5. The Holiday Season reminds many of family.  The home is the foundation of the family unit.  More people become motivated to buy during the Holidays more than other times of the year.
  6. The interest rates are still low as of 11/9/16, which allows a buyer to afford more in the market.  When rates are low, buyers tend to present a higher purchase offer.
  7. Many sellers will wait and list after the first of the year, which causes a lot of new inventory in January.  The longer you wait; the more competition you create for yourself.  You can expect a flood of new inventory in 1st quarter of 2017. As supply increases, your likelihood of getting an offer at an acceptable price decreases
  8. Since most people do not want to move during the Holidays, you can secure a contract now while your selling opportunity is high and you may be able to arrange for a delayed closing.
  9. Companies typically bring new talent in starting at the beginning of the year.  These new hires are looking at property now.  You must be on the market to take advantage of these buyers.
  10. Selling now can give you more buying power later.  By selling your home now, you can buy after January when the market becomes saturated with listings as a non-contingent buyer.  This gives you negotiating power!