Sell Your House Before the New Year or wait?

Should you Sell Your House Before the New Year?

As the year comes to a close, you might be thinking it’s time to sell your house. But should you sell your house before the new year, or wait until January? Even though waiting until after the holidays might seem like a good idea, here are three reasons why selling before the new year could be a smart move.

Get Ahead of Other Sellers

In the real estate market, homeowners usually don’t put their houses up for sale towards the end of the year. This is because people get busy with holiday activities and often delay selling until the new year when things calm down. However, this creates an opportunity for you to get a head start.

Selling now, while others wait until after the holidays, can give you an advantage over your competition. Start working with a real estate agent today to get your house on the market before your neighbors do.

Attract Eager Buyers

While the number of homes for sale has increased compared to last year, it’s still relatively low. This means there’s a shortage of available homes in the market. Although some buyers might postpone their plans until January, others have urgent reasons to move.

Buyers looking for homes during the holiday season are often serious and motivated. Putting your house on the market at this time can lead to a quicker sale, as serious buyers are actively looking during this period.

. A recent article from Investopedia says:

“. . . 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.”

Use Your Home Equity Wisely:

Homeowners currently have a lot of money tied up in their homes, known as equity. According to CoreLogic, the average homeowner has almost $290,000 in equity. This means the money you’ve invested in your home can be used for a down payment on a new dream home.

When considering selling before the year-end, remember the reasons that made you want to move in the first place. Whether it’s a better location, more suitable space for your family, or evolving needs, a local real estate agent can help you figure out how to use your home equity to achieve your moving goals.

So should you sell your house before the new year?

Listing your home before the new year can bring unique advantages, such as facing less competition, attracting motivated buyers, and leveraging your home equity gains. Contact us today, and let’s work towards achieving your goals before winter arrives.