Welcome back to PDFfiller Realtor Guest Blog series, which brings you advice from the experts! The second part of this two-part post comes to us from Holly Gray who discusses when is the right time to sell your home. For more great posts from Holly, check out her website at www.EastandEmerald.com.
2015 has been a good year for real estate. Many markets are experiencing very low inventory with increasing demand. Most homeowners feel they should wait until after the holidays to put their homes on the market. But in reality it might be the most ideal time of the year. If you are thinking about selling your property, consider these facts:
1. Buyers that shop during the holidays are perhaps the most serious and motivated buyers of the year. Some buyers want to buy for tax reasons. Some buy to relocate for a job. Some need to settle before school starts. The reasons may vary but the shoppers in the market this time of year typically need to buy, and fast.
2. Buyers have fewer homes to choose from during the holiday season. The supply of listings increases after the New Year. So homeowners who sell during the holidays tend to sell their homes by leveraging supply versus demand. Take a look at the inventory last year vs. this year as reported by NAR (http://www.realtor.org/sites/default/files/reports/2015/embargoes/ehs-10-22/ehs-09-2015-summary-2015-10-22.ppt).
3. Houses show incredibly well when they are decorated for the holidays. The festive decor tied with the warmth of the holiday season showcases a home at its best. Buyers resonate with the time of year and all the things a home represents during the holiday season. Many sellers fear that listing their property around the holidays will interfere with their festivities. But as a seller you can restrict showings on any days and times needed.
If you are a homeowner thinking about selling, don’t delay! Interest rates are low, inventory is low, and there are many buyers anxious to buy before year-end. Call your realtor for a current price evaluation for your neighborhood today!