Reasons To Sell Your House Before the New Year
As the year winds down, you may have decided it's time to make a move and put your house on the market. But should you sell now or wait until January? While it may be tempting to hold off until after the holidays, here are three reasons to make your move before the new year.
Get Ahead of the Competition
Towards the end of the year, homeowners are often hesitant to list their properties due to holiday commitments and busy schedules. This creates an opportunity for you to gain an advantage. By selling now, when others might delay until the new year, you can position yourself one step ahead of the competition.
Take the initiative and start the process with us today to get your house on the market before your neighbors do!
Reach Eager Buyers
Although there has been a slight increase in the supply of homes for sale compared to the previous year, the overall inventory remains low. Some buyers may postpone their plans until January, but others have compelling reasons to move promptly. These motivated buyers, active later in the year, will face a shortage of available homes.
According to Investopedia, serious buyers often emerge during the winter season, making it an opportune time to attract committed individuals looking to make a purchase. Listing your home now can result in a quicker sale. 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 Equity To Fuel Your Move
Current homeowners enjoy record levels of equity, with the average amount per mortgage holder reaching nearly $290,000, according to CoreLogic. This means that the equity in your home could potentially cover a significant portion, if not all, of the down payment on your next dream home.
As you contemplate selling by year-end, consider the reasons that initially sparked your desire to move. Whether it's a need for a better location, more suitable space for your family, or evolving preferences, tapping into your home equity can help you achieve your goal. Consult with a local real estate agent to assess your home equity and explore how it can facilitate a seamless transition to your new home.
Listing your home before the new year comes with distinct advantages, including less competition, motivated buyers, and the potential to leverage your equity gains. Don't hesitate to reach out and let's work together to achieve your goals before winter sets in.