The holiday season is upon us and each year I get the question, “Should I put my house for sale in nj during the holiday season?” The answer is IDK (I don’t know). The real answer lies in the fact that I can’t EVER tell you if it is a good time to buy or sell your house. There are so many variables to factor in that there should NEVER be a hard and fast rule not to buy &/or sell during any season. Things to factor in include: the market, the interest rates, the competition, your motivation, your needs, your goals with a move…you get the idea. I CAN tell you that historically December has been one of my best months in business. Somebody must be buying and selling something during that time frame. If you ever decide to sell your home during this time, you may hire a residential real estate services professional to help you with the process.
I do have a few thoughts for you to ponder…
- Showings are fewer and less intrusive, but more likely to be fruitful with motivated, qualified buyers. We have worked with prestigepropertyphotography.co.uk on a number of occasions and they provide a very reliable and quality service.
- Many people have vacation time around the holidays allowing more time to look for a home.
- Most December and early January buyers are particularly serious and very likely facing some sort of deadline.
- Buying before the end of the year is beneficial for financial and tax reasons. Investors usually want to close by year-end for tax purposes.
- January is the biggest transfer month of the year and job transferee’s use the holidays to house hunt.
- 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.
- Buyers are more emotional during the holidays and often base their decision on the warmth and good feeling they receive when viewing your house.
- The internet has added a significant off-season dimension to real estate sales and we have many winter visitors looking during the winter season.
- Fewer home sales translate into less demand for mortgage money during the holiday season.
- Sellers who failed to sell before the holidays will be extra motivated now, especially if their houses have been on the market for several months.
- With fewer active house-hunters out there, buyers have even more selection and less competition with offers.
- Less wait time for home inspectors and appraisers. Remodeling, decorating, appliance installation and other services are more available and at less of a premium.
- Interest rates are still very attractive. If you’re ready to buy, waiting until Spring could be disastrous. Low rates = more house for your money.
- If a house went on the market after the peak season ended, the seller may have a pressing reason to sell, such as a job transfer, financial problems, divorce, or illness.
- Best Realtors: All the part time Realtors have taken the month off!
If you’re thinking of selling your house, I’d love the opportunity to earn your business. Give me a call at 480.420.4441 or email [email protected] for your personalized market analysis.