“Here are five great reasons you shouldn’t wait to sell your house.”
Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market.
The truth is many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for. Here are five great reasons you shouldn’t wait to sell your house.
1. While the supply of homes for sale has increased this year, there still aren’t enough homes on the market to keep up with buyer demand. As Nadia Evangelou, Senior Economist & Director of Forecasting at the National Association of Realtors (NAR), explains:
“There’s still this gap between demand and supply because we were underbuilding for many years. . . . So now we see demand is slowing, but it still outpaces supply.”
2. Serious homebuyers are out looking right now. Millennials are driving homebuying demand today, and many are eager to make a purchase. Mark Fleming, Chief Economist at First American, explains:
“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.”
3. The desire to own a home doesn’t stop during the holidays. In fact, homes decorated for the holidays appeal to many buyers. Plus, purchasers who look for homes during the holidays are ready to buy.
4. You can restrict the showings in your house to days and times that are most convenient for you. That can help you minimize disruptions, which is especially important this time of year.
5. Rents have skyrocketed in recent years. And, many buyers are looking to escape rising rents and avoid falling into the rental trap for another year. As an article from Zillow says:
“Over the next 12 months, rents are expected to grow more than inflation, the stock market and home values.”
Your home could be their ticket to leaving renting behind for good.
Bottom Line
There are still many reasons it makes sense to list your house during the holiday season. Let’s connect to determine if selling now is your best move.
To view original article, visit Keeping Current Matters.
3 Keys To Hitting Your Homeownership Goals in 2024
The key to making a good decision in this challenging housing market is to be laser focused on what you need now and in the years ahead.
What You Need To Know About Saving for a Home in 2024
It’s important to work with a real estate professional to understand what’s best for your situation in your local area.
Retiring Soon? Why Moving Might Be the Perfect Next Step
Whether you’re looking to downsize or simply be closer to loved ones, your home equity can be a key to realizing your homeownership goals.
Sell Smarter: Why Working with a Real Estate Agent May Beat Going Solo
A real estate agent can help you price your home correctly and guide you through the paperwork.
Expert Quotes on the 2024 Housing Market Forecast
If you’re thinking about making a move next year, know that early signs show we’re turning a corner.
Why Now Is Still a Great Time To Sell Your House
Nationally, demand is still high compared to the last normal years in the housing market and plenty of buyers are making moves right now