As the year comes to an end, you might be thinking about selling your house. You could wonder if it’s better to sell now or wait until January. Even though waiting until after the holidays might seem like a good idea, here are three reasons why selling before the new year could be a good choice.
Get One Step Ahead of Other Sellers
Usually, at the end of the year, many homeowners don’t put their houses up for sale. This is because people are busy with holiday activities and might delay selling until the new year when things settle down. However, this situation can work in your favor.
If you decide to sell now, while others might wait until after the holidays, you can be ahead of the competition. Begin the process with a real estate agent today so that your house can be on the market before your neighbors decide to do the same.
Get Your House in Front of Eager Buyers
Even though there are more homes for sale compared to last year, the overall number is still low. This means there are not enough homes available in the market right now. Some people might delay moving until January, but others have to move for personal reasons or because of changes in their lives.
These motivated buyers will still be active in the later part of the year and will be determined to make their move happen. The challenge they’ll face, however, is a shortage of homes for sale.
An article from Investopedia suggests that if your house is on the market during the winter and someone is looking at it, they are likely serious and ready to buy. People searching for a new home between Thanksgiving and New Year’s are often serious buyers. Putting your home on the market during this time can lead to a quicker sale.
Use Your Equity To Fuel Your Move
Consider that homeowners currently have a lot of money tied up in their homes. According to CoreLogic, the average homeowner has nearly $290,000 in equity. This means the value of your home right now might be enough to cover part or all of the down payment for the home you’ve been dreaming of.
As you think about whether to sell before the end of the year, it’s crucial to remember the reasons that made you want to move in the first place.
Maybe you’re looking for a new home in a location that better suits your needs or one that provides the perfect space for you and your loved ones. Perhaps your requirements have changed over time. To understand how much equity you have and how you can use it to achieve your goal of moving, reach out to a local real estate agent.
Bottom Line
Listing your home before the new year brings unique advantages. With fewer competing sellers, motivated buyers, and potential gains from your home equity, the timing is in your favor. Reach out, and together, let’s work towards achieving your goals before winter sets in.
Find out why Kaya Homes is the leader in Long Island Real Estate and are your go-to realtor in the Lynbrook, Oceanside, Malverne, Hewlett, Valley Stream, East Rockaway, Woodmere, Cedarhurst, Baldwin, North Woodmere, Woodsburgh, Hewlett Neck Hewlett Harbor, Bellmore,Wantagh,Merrick and Freeport area.
Fri, 17 Nov 2023 01:09:50 +0000
by Mottek Group