Selling Your Home During The Holidays
Most people assume that it’s best to sell during the spring or summer, but the holidays are a great time to list your home for sale. Selling your home during the holidays can put you in a great position to sell your home faster and for a higher price. Here are some reasons that selling your home during the holidays can be beneficial to you.
Motivated Buyers – Anyone who takes time out of their busy holiday schedule to look for homes is a serious buyer. These buyers can be under pressure to buy during the holidays for a number of reasons; they could be relocating for a new job that starts in the new year, or they could be buying now to get the tax deductions. Whatever the reason, the buyers that are out during the holidays are serious about buying a home.
Less Competition – Since many home sellers do choose to wait out the holiday season this means the housing inventory is much lower during the holidays. Lower housing inventory equates to less competition from other sellers. Since the inventory is low, you may be able to sell your home much faster than you would during the peak seasons of spring and summer. Selling your home during the holidays may also be able to get a much better price for your home.
Lower Interest Rates – Interest rates drop every December through January on a cyclical basis. In addition to that, due to the current market conditions with the Federal Reserve planning to taper bond purchasing, real estate and mortgage experts expect interest rates to begin a continuous rise beginning after the holidays. The buyers that are out during the holiday season want to take advantage of the lower interest rates before they go back up in the new year.
Faster Closings – Closings are historically shown to be faster during the months of November and December due to the fact that the number of transactions occurring during these months is lower. The Lowry Team has a Transaction Coordinator that makes sure the process from contract to closing goes as smoothly and as quickly as possible for you as a seller.
Thinking of selling your home during the holidays? Get started by finding out the value of your home, for FREE at: www.HomeValuesInCincy.com
Other articles that may interest you:
Thinking Of Selling Your Home? 5 Reasons To Do It Now
Lowry Team Real Estate: This Month In Real Estate November 2013
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