Here’s why you should consider buying or selling during the holidays.
Most people feel like the fourth quarter is not a great time to sell real estate because they think the market is less active. I disagree—some of our team’s best deals usually happen in the fall and winter because there’s not as much inventory on the market.
We’re in dire need of inventory because so many sellers are waiting until just before spring (when the rental season starts) to list their homes. If you do the same thing, you run the risk of getting lost in the shuffle. In addition to a lack of inventory, many out-of-state buyers who’re visiting their families right now may be thinking of buying vacation destinations. After all, people oftentimes buy properties based on emotion, and the holidays are a perfect time to broach that subject.
On the flip side, now’s a great time for buyers to buy because sellers tend to be more willing to negotiate. The rental income for some of them may be drying up, and the market itself isn’t as busy. Either way, you’ll have more time to find the right home and more buying power. Also, we’re approaching the end of one tax season and the beginning of another, which means there are additional benefits to buying now.
The bottom line is, I highly recommend putting your home on the market or starting your home search right now.
As always, if you have questions about this or any real estate topic, don’t hesitate to reach out to me. I’d love to help you.