Blog > Reasons To Sell Your House Before the New Year
As the year comes to an end, you might be thinking about selling your house. But should you do it now or wait until January? While waiting until after the holidays may be tempting, here are three good reasons to consider making your move before the new year.
- Beat the Competition Towards the end of the year, homeowners tend to be less likely to put their houses up for sale. This is because the holiday season keeps people busy, and selling a house becomes less of a priority until the new year. This situation presents you with a chance to get ahead of the game.
By selling now, when others may be waiting, you can get a head start in the market. Reach out to a real estate agent today to get your house on the market before your neighbors do.
- Attract Ready Buyers Even though there are more homes for sale compared to last year, the supply is still limited. This means there aren't enough homes on the market right now. Some buyers might wait until January, but others have urgent reasons to move due to personal changes in their lives.
These motivated buyers will still be active as the year ends and will be eager to make their move. The problem they'll face is a lack of available homes that meet their needs. As 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 Home Equity for a Smooth Transition Remember that homeowners today have a lot of equity in their homes. According to CoreLogic, the average equity per mortgage holder has gone up to almost $290,000. This means the equity you have in your home right now could cover a significant portion, if not all, of the down payment for your new dream home.
As you think about selling before the year-end, consider the reasons that initially motivated you to move. Maybe it's time for a new home in a better location, one that suits your family better, or your needs have changed over time. A local real estate agent can help you figure out how much home equity you have and how to use it to achieve your goal of moving.
In Conclusion Listing your home before the new year has several advantages. Less competition, motivated buyers, and the potential to use your home equity to your benefit are some of the perks. Contact us today, and let's work together to achieve your goals before winter arrives.