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The holidays can be a great time to sell if you have flexibility and are prepared. Before you hold off listing your home until next year, consider the benefits of listing your home for sale during the holidays.
The amount of listings on the market drop, which means less competition for your home. With less competition you could potentially sell your house faster and for a higher price. The home buyers are generally very motivated during the holiday season.
Although there will be fewer buyers looking at homes this time of year, the buyers who do look are more serious about closing. There are some buyers who purposely choose to purchase a home before the new year to receive a tax write off.
Home buyers who close before the end of the year could be eligible for tax credits, such as a deduction for home mortgage interest, real estate taxes, and PMI premiums. Buyers looking during November and December are typically more serious about the house hunt. They might include families relocating for job changes, first-timers ready to leap during a slow market, and those who've recently sold a home and need a new place to live.
The holiday market is full of motivated homebuyers. Some buyers simply thrive in the more relaxed environment, with fewer competitors for top properties and more attention from agents. You'll have fewer showings, but they'll be a lot more powerful.
Holiday season buyers are typically motivated and financially ready. Please Contact me to learn how to make the selling process as painless as possible any time of year, even during the holidays.
Nancy Budd, who works for William Raveis, is an Exceptional Property Specialist & Accredited Home Staging Professional. Contact her at 203-984-8922 or via email at nancy.budd@raveis.com. Click here to visit her website.
