When it comes to real estate, many people say, the ideal time to sell your home is in the spring months. Not in Florida, the winter months are the most attractive time to sell a house. The fact is that people are too busy with the holidays to think about purchasing a new home. But putting your house up for sale around the holidays has its benefits.
First, there’s less inventory. Most people won’t put their houses up for sale when the holidays are coming up. In the spring, inventory usually picks up because many sellers want to start a new year with new challenge. However, during the holidays, there will be limited choices of homes which means a homeowner can have a higher asking price.
Second, the buyers are more serious. It is obvious that buyer who is shopping for a new home around Thanksgiving, Christmas or New Year’s is going to be a serious buyer. If your house is up for sale in the holidays and someone is looking at it, chances are that person is serious and is ready to pull the trigger. That can often result in a quicker sales process.
Third, this is the best time for transfers. The end of the year is typically the time when people get notified that they will be moving because of a job transfer. Those people are going to need a house sooner rather than later, and as a result, will be hunting for a new home during the holidays. These buyers can’t wait for the spring, which is why listing during the holidays can get the home sold and sold quickly.
Fourth, the end-of-year tax breaks. Reducing the tax bill could be the reason serious buyers make a move during the holidays. That’s because if the home sales that close on or before Dec. 31, buyers can deduct the mortgage interest, property taxes and interest costs of the loan. The tax deductions can be significant and could prompt a home buyer to move during the holidays instead of waiting until the spring.
Fifth, your community may look more appealing with the Christmas decorations. Most local communities where lit-up snowflakes and wreaths can be found on lamp poles and up and down the main streets. People purchasing a home during that time may see the neighborhood in a different light and may be more willing to consider it.
When you sell your home during the holidays, you will face less competition, more serious buyers and a quicker sales process. It also presents a unique opportunity to create a warm and cozy environment that you can’t have in the spring or summer months.
For selling or buying free advice contact 561 512 0459 Homesellers Experts.