Each year at this time many homeowners decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays. We feel that this is a mistake & we urge you to consider these 5 Reasons to Sell During The Holidays:
1. Job Relocation
Many companies are still hiring throughout the holidays and need their new employees in their new positions as soon as possible. Recent growth in the Grayling area is good news for sellers! These large companies moving into the area means that there is an assured populace that’s going to be looking for a new home, quickly. If you have a listing within commuting distance, contact one of our real estate agents at our new Midge & Co Grayling office to make sure that your listing is marketed to the new employees coming to town.
2. Serious Buyers
Buyers who are looking for homes during the holidays are serious and are ready to buy now. Many winter buyers are working against a deadline, whether it’s an expiring lease, relocation, or a contract on their current home. Bottom line, they want the buying process to be over and done with, and so they’re more willing to pull the trigger.
3. Less Inventory
There is minimal competition for you as a seller right now, as inventory is shrinking. That means if your house is listed when supply is low, you’re likely to have a lot more interest now than in spring when the market is saturated. Fewer options can also allow buyers to give your place a more open-minded look.
4. Homes Show Better During The Holidays
Nothing says welcome home quite like walking out of the cold into a nice, warm house that’s dressed up for the holidays.
It’s easier to make a house feel like home in the wintertime. Here are a few tips to help you set the buying mood.
- Keep it simple. Decorations should accent—not overpower—a room. Less is more. You don’t want your Christmas tree to take up half the living room.
- Crank up the cozy. Light a fire in the hearth, play soft holiday music in the background, and prepare fresh-baked goods or mulled cider for guests.
- Shine a light outside. Winter days get dark early. Brighten your home’s exterior with outdoor spotlights. A few holiday lights are okay. Just save the Clark Griswold light show for next year.
Remember . . . the nicer your home presents itself, the more likely it is to sell—and for more money.
5. Year-End Tax Breaks
Winter home buyers may also be motivated to capture the tax benefits of buying a home before year-end.
Home buyers can write off some of the expenses of their home purchase on their taxes. There are usually multiple tax benefits of owning a home they can take advantage of, too. Typically, a homeowner can count on the following being tax-deductible:
Private mortgage insurance (PMI) premiums
Real estate taxes
All of these tax benefits could make a potential home buyer want to get a house bought and closed before the new year. And if you’re selling your home and buying another, you could ring in the new year with more tax breaks, too!
In closing, the best advice that we can give is to partner with a pro you can trust to provide honest advice so you can do what’s best for you and your budget. A good agent puts service before sales—but knows how to get things done when it’s time to sell.