As the year comes to a close, you might be contemplating putting your house on the market. The question arises: sell now or wait until January? While the temptation to delay until after the holidays exists, here are three compelling reasons to take the plunge before the new year.
Get a Head Start on Other Sellers
Typically, homeowners are less inclined to list their houses towards the end of the year due to holiday busyness. By choosing to sell now, when others may procrastinate until the new year, you position yourself a step ahead. This move allows you to outpace your competition. Initiate the process with a real estate agent today to ensure your house hits the market before your neighbors’.
Showcase Your House to Eager Buyers
Although the supply of homes for sale has increased compared to last year, it remains relatively low. While some buyers may postpone their plans until January, others are compelled to move for personal reasons or life changes. Selling your house in the current market can attract motivated buyers actively searching during this period. According to Investopedia, individuals house-hunting between Thanksgiving and New Year’s are typically serious buyers, increasing the likelihood of a swift sale.
Leverage Your Equity for a Seamless Move
Consider that homeowners currently possess record amounts of equity, with the average hovering around $290,000 per mortgage holder, as per CoreLogic. This means the equity in your house can potentially cover a significant portion, if not all, of a down payment for your ideal home. Reflect on the initial reasons prompting your desire to move – whether it’s the need for a new location, more suitable space, or evolving needs. Consult with a local real estate agent to assess your home equity and explore how it can be utilized to facilitate your move.
Bottom Line
Listing your home before the new year presents distinct advantages, including reduced competition, motivated buyers, and the potential to leverage your equity gains. Connect with a local real estate agent to realize your goals before the winter season sets in.
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