Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why selling your house now, or keeping it on the market this season, is the best choice you can make. This year, buyers want to purchase homes for the holidays, and your house might be the perfect match. Here are seven great reasons not to wait to sell your house this holiday season:
Buyers are active now
Mortgage rates are historically low, providing motivation for those who are ready to get more for their money over the life of their home loan. As a seller, year-end performance reviews could mean that more people have money to spend on a home. End-of-year financial bonuses or workers retiring with large payouts could mean opportunities for these buyers to upgrade their living situations or for first-time buyers to enter the housing market.
Buyers are serious
Purchasers who look for homes during the holidays are serious ones, and they’re ready to buy. News flash: Not everyone looking at houses intends to make a purchase. Some people are contemplating moving and may just want to see what’s on the market. Since more homes tend to go on the market in spring and fall, this is also when window shoppers are likely to be out looking. However, these looky-loos tend to be scarce during winter months.
Sellers have control
You can restrict the showings in your house to days and times that are most convenient for you, or even select virtual options. You’ll remain in control, especially in today’s sellers’ market. We’ve said it many times lately, this continues to be one of the best real estate markets we’ve seen in recent history here in Santa Barbara.
Christmas curb appeal
Homes decorated for the holidays appeal to many buyers. Santa Barbara home buyers, like any other buyers, are drawn to the charming decorations during Christmas. This can can help buyers imagine their family living in, and celebrating the holidays, in your home.
Today, there’s minimal competition for you as a seller. There just aren’t enough houses on our current Santa Barbara housing market to satisfy buyer demand, meaning sellers are in the driver’s seat. Over the past year, inventory has declined to record lows, making it the opportune time to sell your house.
Demand is still high
The desire to own a home doesn’t stop during the holidays. Buyers who have been searching throughout the fall and have been running into more and more bidding wars are still on the lookout. Your home may be the answer.
Supply is short
This season is the sweet spot for sellers, and the number of listings will increase after the holidays. In many parts of the country, more new construction will also be available for sale in 2021, which will lessen the demand for your house next year.
More than ever, this may be the year it makes the most sense to list your house during the holiday season. Reach out to a Zia Group Realtor Partner to determine if selling now is your best move.