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Many people are hesitant to list their homes during the holidays -- but why? Is there any evidence that this time of year is not a good time to sell? We don't think so; in fact, we have five reasons why selling during the holidays is a pretty good idea:
1. There is less competition. Less competitive home sellers typically take their homes off the market as soon as the holiday season arrives. Motivated sellers who stay on the market benefit from this, as they demand more attention from the pool of buyers because there is less competition.
2. Higher quality buyers. Just like sellers, less motivated buyers typically take a break from their home search during the holidays. The buyers who stay in the market are highly motivated, otherwise, they wouldn't be looking during the holiday season. In short, those looking to buy in the winter are serious about doing so!
3. Buyers have more time. During the holidays, buyers and their kids have time off work and school, giving buyers more time to look at available homes. This means there could be an uptick in activity, both online and in person, during the holiday season.
4. Timing. If the average homeowner believes it's not a good time to sell during the holidays, it is likely that we'll see a huge influx of inventory at the beginning of next year, as those sellers who waited will be listing their homes at that time. Selling now will spare you the hassle of competing with a huge pool of homeowners.
5. Taxes. Many buyers want to buy properties to take advantage of the tax benefits and closing by the end of the year will allow them to take advantage of the benefits for that year.
If you have any questions about selling this winter, or if you need real estate assistance of any kind, please don't hesitate to reach out to us. I would love to hear from you!
