There’s a misconception that the real estate market stops in late November and December. Ashurst Niemeyer wants you to know that selling your home during the holidays can actually be a great time to get your property on the market! And it’s also a great time to buy a home. It may seem counterintuitive, but buying/selling during the “off-season” has its advantages.
The current housing market is already experiencing an inventory shortage with even fewer available homes during the holidays. This creates even more of an advantage for a seller. Since there are limited choices for buyers, the homeowner could have a higher asking price. Since supply and demand for housing are both down during the winter months, you might be able to save money on your purchase!
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 out of need rather than want. Anyone shopping for a new home between Thanksgiving and the New Year is likely going to be a serious buyer.
Smart home buyers are looking for any break they can get, which can make buying at the end of the year particularly beneficial. Reducing the property tax bill may not be the main reason buyers purchase a new home, but it could be why serious buyers make a move during the holidays. That’s because buyers can deduct the mortgage interest, property taxes, and interest costs of the loan if a sale closes on or before December 31.
Holiday decor can bring out the best in a home and invite buyers in! Your home will show and smell beautifully. The winter outdoor decorations also provide gorgeous curb appeal. Plus, the holidays can provide that emotional connection to a home that will help a buyer feel more compelled to write and offer and possibly pay more.
The most important gift you can give yourself this holiday is to hire a Realtor. Call on one of Ashurst Niemeyer’s agents to help sell your home this winter.
Source: Quickenloans.com, Moving.com, Ramseysolutions.com, Rockethomes.com