4 Reasons Why You Should Sell Your Home Before New Year

Sell your home before new year and unlock 4 significant advantages

The festive holiday season is not only a time for decorations and heartwarming gatherings; it presents a window of opportunity for those contemplating the sale of their homes. However, it seems tempting to delay the process until after the holiday season, but selling your home before the new year is smart. If you are mulling over this significant decision, here is why you should sell your home before January.

Stay Ahead of Other Sellers

• In the field of residential real estate, homeowners frequently postpone the listing of their properties as the year ends. This is because people tend to be busier in the holiday season, leading them to prioritize the sale of their houses once the hustle and bustle settles down in January.

However, this situation provides a distinctive opportunity for savvy sellers. While others may delay until after the holidays, you can gain a competitive advantage by initiating the sales process at this time. Moreover, entrusting the process to a reliable real estate agent can position you ahead of your neighbors, significantly enhancing the likelihood of a quicker sale.

Showcase Your Home to Eager Buyers

• Despite an increase in the supply of homes for sale compared to the previous year, the current inventory remains low. This indicates a shortage of available homes in the market. While certain buyers may delay their relocation plans until January, others are compelled to move due to personal circumstances or life changes. These motivated buyers will continue their active search even at the end of the year due to the urgency of their specific needs. Unfortunately, they will likely encounter a scarcity of available inventory to meet their requirements.

However, homes listed for sale during winter often attract serious buyers. Consequently, listing your home between Thanksgiving and New Year’s can result in a quicker sale. Anyone looking for a new home will likely be committed and ready to purchase. Placing your home on the market during this time of the year and attracting a serious buyer can often lead to a faster and more efficient sale.

Leverage Equity to Facilitate Your Move

• It is imperative to acknowledge that homeowners today have a record equity. CoreLogic says the average equity per mortgage holder has surged to nearly $290,000. This means that the equity you have in your present home can cover a substantial portion, if not all, of the down payment required for the home you’ve always dreamed of.

When considering the decision to sell before the year ends, recalling the initial motivations that sparked your desire to move is helpful. It may be the perfect moment for a new residence in a more suitable location that provides an ideal living space for you and your loved ones. Consulting with a local real estate agent can assist you in determining the equity you have at your disposal and developing a strategy to leverage it to achieve your goals.

More Free Time For Property Showings

• Vacation days and a more relaxed work pace result in abundant free time. This availability allows potential buyers to dedicate extended periods to explore various real estate options. The outcome is a high frequency of property showings and an increased likelihood of receiving tempting offers.

Takeaway

Putting your home on the market before the new year starts offers distinct advantages. Reduced competition, motivated buyers, and the potential to leverage your equity can all work in your favor. Consider contacting a local real estate agent who can assist you in selling your home at a good price during the winter season. Real estate agents can help you get a good deal for your home.

Looking for a trustworthy realtor in Morris County? Contact Jackie Scura. We are an experienced team of real estate professionals who provide expert guidance and support throughout the home-selling process. Call us at 973-319-8334 for more information.