Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays

 

Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays | MyKCM

Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market.

The truth is many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for. Here are five great reasons you shouldn’t wait to sell your house.

1. While the supply of homes for sale has increased this year, there still aren’t enough homes on the market to keep up with buyer demand. As Nadia Evangelou, Senior Economist & Director of Forecasting at the National Association of Realtors (NAR), explains:

“There’s still this gap between demand and supply because we were underbuilding for many years. . . . So now we see demand is slowing, but it still outpaces supply.”

2. Serious homebuyers are out looking right now. Millennials are driving homebuying demand today, and many are eager to make a purchase. Mark Fleming, Chief Economist at First American, explains:

“While not the frenzy of 2021, the largest living generation, the Millennials, will continue to age into their prime home-buying years, creating a demographic tailwind for the housing market.”

3. The desire to own a home doesn’t stop during the holidays. In fact, homes decorated for the holidays appeal to many buyers. Plus, purchasers who look for homes during the holidays are ready to buy.

4. You can restrict the showings in your house to days and times that are most convenient for you. That can help you minimize disruptions, which is especially important this time of year.

5. Rents have skyrocketed in recent years. And, many buyers are looking to escape rising rents and avoid falling into the rental trap for another year. As an article from Zillow says:

“Over the next 12 months, rents are expected to grow more than inflation, the stock market and home values.”

Your home could be their ticket to leaving renting behind for good.

Key Takeaway

There are still many reasons it makes sense to list your house during the holiday season. Let’s connect to determine if selling now is your best move.

 

Bonus

12 REASONS TO LIST DURING THE HOLIDAYS

  1. People who look for a home during the holidays are more serious Buyers!
  2. Serious Buyers have fewer houses to choose from during the holidays, and less competition means more money for you!
  3. Since the supply of listings will dramatically increase in January, there will be less demand for your home! Less demand means less money for you!
  4. Houses show better when decorated for the holidays!
  5. Buyers are more emotional during the holidays, so they are more likely to pay your price!
  6. Buyers have more time to look for a home during the holidays than they do during the work week!
  7. Some people must buy before the end of the year for tax reasons!
  8. January is traditionally the month for employees to begin new jobs. Since transferees cannot wait until spring to buy, you must be on the market now to capture that market!
  9. You can still be on the market, but you have the option to restrict showings during the six or seven days during the holidays!
  10. You can sell now for more money, and we will provide for a delayed closing or extended occupancy until early next year
  11. By selling now, you may have an opportunity to be a non-contingent Buyer during the spring, when many more houses are on the market for less money! This will allow you to sell high and buy low!
  12. Lenders have programs and rates to meet your needs.