Reasons To Sell Your House Before the New Year
As the year comes to a close, you might be contemplating the idea of selling your home. The question arises: Is it better to sell now or wait until January? While the temptation to delay until after the holidays is understandable, there are three compelling reasons to consider making your move before the new year.
1. Stay Ahead of the Curve:
Towards the end of the year, homeowners are often preoccupied with holiday festivities, causing a decline in property listings. Taking advantage of this trend can give you a strategic edge. Selling now, when others might postpone until the new year, positions you ahead of the competition. Initiate the process with a real estate agent promptly to get your property on the market before your neighbors do.
2. Capture the Attention of Eager Buyers:
Despite a slight increase in the supply of homes compared to the previous year, the market still faces a shortage. Some buyers may delay their plans until January, but others may have pressing reasons for an immediate move. According to Investopedia, buyers actively looking during the winter months are often serious and motivated. Selling your home in this season could attract buyers who are ready to make a swift purchase due to limited available inventory.
3. Leverage Your Equity for a Smooth Transition:
Today's homeowners enjoy record levels of equity, with the average amount per mortgage holder reaching nearly $290,000, as reported by CoreLogic. This means that the equity in your current home could potentially cover a substantial portion, if not all, of the down payment for your next dream home. Reflect on the initial reasons prompting your desire to move, whether it's a better location, more suitable living space, or evolving needs. Consulting with a local real estate agent can help you assess your home equity and strategize how to use it to achieve your relocation goals.
Listing your home before the new year presents distinct advantages, including reduced competition, a pool of motivated buyers, and the potential to leverage your equity gains. Don't hesitate to reach out to a local real estate agent to navigate the process and realize your goals before winter fully sets in.