Oriana Suarez November 13, 2023
As the year winds down, you might find yourself contemplating a change and thinking about putting your house on the market. But the question remains: Should you sell now or wait until January? While the temptation to hold off until after the holidays is real, here are three compelling reasons to move before the new year.
In the world of residential real estate, homeowners tend to hold off on listing their houses toward the end of the year. The hustle and bustle of the holidays can easily lead to deprioritizing the sale until the new year's fresh start. However, this presents a golden opportunity for you to get one step ahead.
Selling now, while others may postpone until after the holidays, gives you a competitive edge. So, why not kickstart the process with a real estate agent today and get your house on the market before your neighbors do? It's all about making your move while others are still considering theirs.
While the supply of homes for sale has increased compared to last year, it's still relatively low. Some buyers may delay their plans until January, but others have compelling reasons to move sooner. These motivated buyers, often faced with life changes or personal reasons, remain active throughout the year.
“. . . 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.” - Investopedia
As the Investopedia article notes, anyone shopping for a new home between Thanksgiving and New Year’s is likely a serious buyer. Selling your home during this period not only attracts serious buyers but can lead to a quicker sale due to the limited available inventory.
Consider this: homeowners today have record amounts of equity. According to CoreLogic, the average equity per mortgage holder has surged to almost $290,000. Your current equity could potentially cover a significant portion, if not all, of a down payment on your dream home.
As you weigh the decision to sell before year-end, reflect on the reasons that sparked your desire to move. Whether it's a better location, a more suitable space for you and your loved ones, or evolving needs, your local real estate agent can help you determine your home equity and guide you on leveraging it for a seamless move.
Listing your home before the new year provides unique advantages—less competition, motivated buyers, and the potential to leverage your equity for a smoother transition. Don't wait for winter to set in; reach out to a local real estate agent today to kickstart your journey toward achieving your goals. Your dream move could be just around the corner!
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