As we approach the end of the year, you might be contemplating a change of scenery and considering listing your home. The question arises: should you initiate the sale now or postpone until the new year? While pausing until after the festive season might seem appealing, this blog outlines compelling reasons to act swiftly and list your home before the year's end.
Capitalize on Reduced Competition
During the latter part of the year, it's common for homeowners to delay listing their properties due to the holiday rush, which often shifts their focus away from selling. This period of lull in new listings presents a prime opportunity for you to gain a competitive edge.
By choosing to sell now, you can sidestep the post-holiday listing surge. Taking the initiative to work with a real estate professional promptly can place your home on the market and position you advantageously ahead of others who wait.
Attract Serious Buyers in a Sparse Market
The current home inventory, despite a slight increase from the previous year, remains tight. This scarcity means that the market is underserved. While some prospective buyers might defer their home purchase plans until the new year, others, driven by personal circumstances or life changes, are actively searching.
These buyers are not only active but also highly motivated to close a deal swiftly due to their urgent needs. According to an Investopedia article, winter home shoppers are often more serious, suggesting that listing during this season could lead to a faster sale due to the presence of earnest buyers.
Leverage Your Equity for Your Next Chapter
Home equity has soared to unprecedented levels, with CoreLogic reporting an average equity increase to nearly $290,000 per homeowner. This substantial equity could significantly offset, if not entirely cover, the down payment on your next dream home.
As you ponder selling before the year concludes, reflect on the initial motivations for your move. Whether it's the allure of a new locale, the need for a home that better fits your evolving lifestyle, or simply the desire for a fresh start, your accumulated home equity could be the key to realizing your moving aspirations. A local real estate specialist can assist in assessing your equity and strategizing its use to facilitate your transition.
Listing your home before the new year can be strategically advantageous. With less market saturation, a pool of motivated buyers, and the potential of your home equity, you could be well-positioned for a beneficial sale. The time to act is now, to take advantage of these unique market conditions.
Are you ready to take the next step in selling your home? Contact me today to explore your options in today's market and start your journey towards a successful sale.
Blog Inspired by: Keeping Current Matters