Sell Your House During the Holidays
As we look toward another winter season, most of us are probably planning and thinking about what we want to finish before the end of the year. A key decision point for you might be whether or not you want to move this year. If the size or location of your current home is no longer meeting your needs, finding a house that better suits your lifestyle may be a top priority for you.
Many people have taken to the sidelines to ‘wait out’ the current volatility in today’s housing market and wonder ‘is it really a good time to sell or should I just wait?’ In fact, many buyers are also sitting on the sidelines asking essentially the same question or waiting for the market to hit bottom. The answer to both seller’s and buyer’s is essentially the same - ‘the market waits for no one.’
More than 2,000 years ago Marcus Tullius Cicero is quoted as saying “More is lost by indecision than wrong decision. Indecision is the thief of opportunity. It will steal you blind.” These words are as true today as they were when spoken. As we discussed in a prior blog titled ‘Why Waiting To Buy or Sell Is More Costly Than You Think!’ - waiting is nearly always costly.
If you’re ready to make your decision, here are three reasons you may want to consider selling before the holidays.
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1. Get A Step Ahead of Other Sellers
Typically, in the residential real estate market, homeowners are less likely to list their houses toward the end of the year. That’s because people get busy around the holidays and deprioritize selling their house until the start of the new year when their schedules and social calendars calm down.
Selling now, while other homeowners are holding off until after the holidays, can help your house stand out. Start the process with a real estate professional today so you can get your house on the market and get ahead of your competition. Of course, all of us here at the Geni Manning Real Estate Group would appreciate the opportunity of serving you in this very important process of selling your current home and buying a new home.
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2. Get In Front of Serious Buyers
Even though housing supply edged up in the past three months, buyer demand has moderated as many seem to be waiting for that ‘market low’ that economists in our area do not see coming. A housing supply shortage means there aren’t enough homes on the market today, especially as the Millennial generation reaches their peak homebuying years. As Mark Fleming, Chief Economist at First American, says:
“While not the frenzy of 2021, the largest living generation, the Millennials, will continue to age into their prime home-buying years, creating a demographic tailwind for the housing market.”
Serious buyers will still be looking this winter and your house may be exactly what they’re searching for. If you work with an agent to list your house now, you’ll be able to get in front of the eager buyers who are hoping to make a move before the year ends.
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3. Step Up To Move Up
Don’t forget, today’s homeowners have record amounts of equity. According to CoreLogic, the average equity per mortgage holder has climbed to almost $300,000. That’s an all-time high and that means the equity you have in your house right now could cover some, if not all, of a down payment on the home of your dreams, especially if you call us and get the down low on some of the ‘low down’ payment lending packages that our partner lenders have to offer.
If you’re still hesitant because of the mortgage rates then we need to talk because the lenders have opened up a number of really interesting plans that can keep your cash down payment low and your cash flow low as well. Plus, we have a number of ways to help you sell and leverage into the home of your dreams or whatever your plan may be including a very interesting ‘Buy Before You Sell Program.’
As you weigh the reasons to sell before winter, don’t lose sight of why you’re thinking about moving in the first place. Maybe it’s time to buy a house that’s in a better location for you, has the space you and your loved ones have been craving, or simply gives you that sense of home. A trusted and experienced Realtor can help you determine how much home equity you have and how you can use it to achieve your goal of making a move.
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Bottom Line
If you’re thinking about selling your house so you can find a home that better suits your needs, don’t delay your plans. Fill out the Contact Us form below and we will be in touch right away - there's no time to lose to get your home ready and on the market for this holiday season!
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For more industry secrets on how to increase your homes value and marketability, request a copy of Geni's latest book 'INDUSTRY SECRETS - That Get Your Home Top Dollar!'
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