Should You List Your Home During The Holidays?
When to place your property on the market is an important decision. Sellers wonder if the holidays would be a good time to do so; or if a property is already on the market, should it be taken off. Historically, sellers think potential buyers would not be thinking about making an offer on a new home, during the holidays. The thought being, during the holidays, buyers' minds would be on other things such as parties, travelling, or purchasing presents.
Buyers never stop looking online
Advancements in technology have changed the way buyers search for homes. With smart phones and Wi-Fi seemingly everywhere nowadays, people are connected to the internet and a wide range of inventory. Some companies and websites also offer phone apps to search properties.
Inventory can be lighter
Because sellers still believe buyers are not searching, properties are not placed on the market. Some sellers even take their properties off the market. This creates a lack of inventory, which in the long run, helps sellers because interested buyers have less to choose.
If you home isn't selling, consider changing your strategy
If your home has been on the market, some buyers and real estate agents may view your home as overpriced or stale. The holidays could be a good time to change your strategy. If you have received offers below your asking price, the holidays may be a time to lower your asking price. Or if you hear issues that are preventing potential buyers, you may be take this opportunity to correct these issues. When you make these corrections, it will show your potential buyers you are interested in making a deal.
You can wait to the new year
Technology may have made it easier to search for properties; however, it could be harder to get a property prepared for selling. With the hectic schedules the holidays can provide, sellers may not have time keeping a house clean, scheduling open houses, or leaving a property to make way for last minute showings, can create an inconvenience. If this would be you, feel free to wait until the new year to place your property on the market
The beginning of the new year can be seen as a new start for people and they create resolutions. One resolution could be to stop wasting money on rent. So they want to buy a home to build equity. The beginning of the new year is also time to do your end-of-year tax planning. During the holidays, demand is still high and inventory is low, so a seller can take advantage.