The end of the year always seems (falsely) so far away! There’s the holidays and then, bam, we all surface flailing into a brand new year. We eye the things on our year-end to-do list and wonder where the time went. Is selling your house one of the things on your year-end list? Perhaps you’re questioning if you should you dive into the market now or wait until the next calendar flips? While you could procrastinate until January, let’s spice things up and explore three reasons to sell your house before the new year.
Get One Step Ahead of Other Sellers
In the thrilling world of residential real estate, homeowners tend to hibernate toward the end of the year (though don’t we all?). Holidays, social events, and the allure of cozying up with a hot cocoa can distract them from the idea of selling their house. That’s where you, dear friend, swoop in!
Selling now, while others might be in holiday hibernation mode, gives you the upper hand. Jump into action with a real estate agent (wink, wink) pronto, and get your house on the market before your neighbors even realize they’ve finished their holiday leftovers.
Get Your House in Front of Eager Buyers
Sure, the supply of homes for sale has grown a bit compared to last year, but it’s still a bit like finding a needle in a haystack out there. Some buyers might be considering a winter move, motivated either by personal reasons or because life threw them a curveball (we know those all too well!). They’re on the lookout, and your house might be the answer to their winter dreams.
According to the wise words of Investopedia (because who doesn’t turn to them for life advice?), anyone shopping for a home between Thanksgiving and New Year’s means serious business. So, if your house is on the market during this festive season, chances are the potential buyer is ready to rock and roll. A winter sale can be quicker than Santa down a chimney (though most likely without cookies and presents).
Use Your Equity To Fuel Your Move
Guess what? Homeowners are currently swimming in record amounts of equity, like Scrooge McDuck doing the backstroke. CoreLogic says the average equity per mortgage holder is almost $290,000 (Yowza!). That’s like having a golden ticket that could cover a good chunk (if not all) of your down payment for that dreamy new home.
As you contemplate the idea of selling before the year-end, don’t forget what ignited your moving spark in the first place. Maybe you’re craving a new spot that suits you better, offering the ideal space for you and your fam. Or perhaps your needs have evolved, and you’re ready for a change. A local real estate agent can be your equity wizard, helping you figure out how to turn your home’s equity into the magic potion (I’ll bring the cauldron) for your next adventure.
Putting your home on the market before the new year isn’t just about beating the clock. It’s about reveling in less competition, capturing the attention of serious buyers, and unlocking the treasure chest of your equity gains. So, let’s not leave it to winter to set in – reach out, and let’s make your moving dreams a reality.