For many, the holiday season is truly the most wonderful time of the year, but if you’re trying to get your home sold, the hustle and bustle of the season may prove to be a bit stressful. But for many, the timing is perfect.
Real estate professionals often debate about whether it’s a good idea to have your house on the market during the period between Thanksgiving and New Year’s Eve. Some believe that those six weeks are busy enough for people without worrying about the notion of buying a home, while others argue that there will be less competition and a better chance for sellers to get their homes sold.
Proponents of leaving a house on the market argue that prospective buyers who do look at your house over the holiday season may be more serious, and if you wait until the NewYear to list your property, you will face more competition.
Plus, since January is often a month when employers and employees tend to move, many are looking for a new place to call home during late November and December, so it’s a great time to capture that market.
There are also buyers trying to claim the tax benefits that come from buying in a given year, and those who need to make a quick decision might be more apt to settling quickly.
One downside for the seller is that the hectic time of year makes it harder to get a home ready at the drop of a hat if an agent calls to schedule a last-minute showing. People are busy making food, wrapping presents and preparing for a house full of guests, so it could be a big inconvenience. However, your house may be decorated with beautiful lights and decorations, creating a festive feeling that will attract buyers, and it may pay off in the long run.
Some real estate professionals believe that keeping your house on the market throughout the holiday season will have you appealing to a much smaller inventory of buyers who have very specific needs that your home might not meet. Many others counter that less inventory throughout the holiday season means less competition. Since more people vacation during the holiday season, they actually have more time to look for a home that includes everything they want and need.
For homes that have been on the market for a while, removing them for the duration of the holiday season will allow the house to go back as a new listing in January, thereby drawing more traffic because it’s fresh. However, you need to take into account the fact that you risk losing the buyer who may have been looking in December.
Finally, many agents believe that buyers tend to be more emotional during the holidays and are in the habit of spending more money, so getting the price you want may be easier.
To help you determine if selling your home during the holidays is right for you, please contact a Prudential Northwest Properties real estate professional today.