Reasons To Sell Your House Before the New Year

As the year draws to a close, you may have reached the decision that it's time to put your house on the market. However, you might be wondering whether to sell now or wait until January. While the idea of postponing until after the holiday season might be appealing, there are three compelling reasons to consider making your move before the new year.

Gain an Edge Over Other Sellers

Traditionally, toward the end of the year, homeowners are less inclined to list their properties. The holiday season tends to keep people busy, and selling their homes becomes a lower priority until the start of the new year when life settles down. This provides you with an opportunity to get ahead of the curve.

By selling now, while others may delay until after the holidays, you can position yourself one step ahead of the competition. Start the process by partnering with a real estate agent today, allowing you to get your house on the market before your neighbors do.

Reach Eager Buyers

Although the supply of homes for sale has increased compared to the previous year, it remains relatively low. This means there is still an inadequate number of homes on the market. While some buyers might postpone their moves until January, others will have to relocate due to personal circumstances or life changes.

These motivated buyers will still be active later in the year, driven by their pressing needs. Unfortunately, they may face the challenge of limited available inventory that meets their requirements. An article from Investopedia emphasizes this point:

"...if your house is up for sale in the winter and someone is looking at it, chances are that person is serious and ready to buy. Anyone shopping for a new home between Thanksgiving and New Year's is likely going to be a serious buyer. Putting your home on the market at this time of year and attracting a serious buyer can often result in a quicker sale."

Utilize Your Equity for Your Move

It's important to note that homeowners currently possess record levels of equity. According to CoreLogic, the average equity per mortgage holder has risen to nearly $290,000. This means that the equity you have in your current home could potentially cover a substantial portion, if not the entire down payment on your dream home.

As you contemplate the reasons for selling before the end of the year, it's essential to remember the factors that initially prompted your desire to move. Perhaps it's the right time for a new home in a more suitable location, one that offers the ideal space for you and your loved ones, or maybe your needs have evolved over time. A local real estate agent can assist you in assessing your home equity and how to leverage it to achieve your goal of moving.

In conclusion, listing your home before the new year presents distinct advantages: less competition, motivated buyers, and the potential to utilize your equity gains. Connect with a local real estate agent to work towards your objectives before winter sets in.