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If you asked any real estate agent when is the best time to put your house on the market, he or she would probably say right before summer begins. And if you asked when you should start looking to buy a house he or she might also say around the same time because of the higher inventory of homes for sale. What if you decided to put your home on the market today – 2 weeks before Christmas? Historically it’s seen as the “wrong” time to sell, but we’re going to play devil’s advocate today. After the jump we’re going to convince you why now is a good time to sell or buy a home.
1. More people are out and about.
Think about it. People come out of the wood-works for the holidays to shop and catch up with friends and family. They also tend to take time off during the holidays either to travel or enjoy a “staycation.” Even better are those people and families who drive around the neighborhood to look at the Christmas light displays. Imagine that “for sale” sign all lit up in your yard? We’re not saying this is a proven-to-work strategy, but no one ever said it can’t work!
2. Stage a cozy home.
I don’t know about you, but I think a home is never more inviting and warm than when it’s decorated for the holidays. Imagine the smell of cookies and cinnamon and Christmas tree in the air paired with warm lighting in a family-friendly inviting atmosphere. Is there a better way to hold an open house?
3. Less competition.
For the buyer you’re also in luck. You’ve spent all year competing with other buyers and making offer upon offer for that dream home. Well, because of the busy nature of the holiday season with its parties and traveling and cold weather you might be able to avoid the many multiple offer situations you’d run into at any other time of the year.
For the seller you might be in luck too. Inventory is probably down, so there are less sellers to compete with.
4. Seriously motivated buyers and sellers.
Trulia.com came up with this one and I tend to agree. They predict that the less motivated people put their plans on hold until New Year’s and even then they may still be unmotivated. That means that the serious buyers and seller who are truly ready and committed to make a move are actively in the market. This could save you time and heartaches in the long run during the often stressful transaction process.
5. Realtors are less busy.
Since less real estate activity happens during the holidays, your real estate agent probably has less on his or her plate. Scheduling showings becomes easier when you don’t have to compete with multiple buyers or sellers wanting the same level of attention from your Realtor. If your agent can dedicate more time and attention to your situation (because there are less people to tend to) you will truly get the best bang for your buck!