Why Should You Sell During the Holidays?

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Why Should You Sell During the Holidays?

Today we want to talk about one of the most common questions we are asked at this time of year. People want to know whether they should list their home for sale on the market now, or wait until the spring when there is usually more activity in the market. 

Now that we are in November, a lot of people are thinking that they don't want to move this time of year and want to stay in their home through the holidays. However, if you consider the low supply, and the amount of money a serious buyer will pay for your home is very influenced by supply and demand, the value of your home is extremely high. This value will disappear come January, when an influx of homes will flood the market. 

The buyers that are out there right now are extremely motivated and serious. There are a lot of work transfers and investors that are out looking to purchase homes before the end of the year.

So, you don't want to move during the holidays? Well, the truth is, most of the people looking at your home now won't want to either. Even though they may be looking in November and December, you can almost always arrange either a longer close of escrow or have the option of retaining your occupancy after escrow. 

The other reason it makes a lot of sense to consider having your home on the market now is because if you are buying your next home via financing, the impending rise of interest rates will affect your ability to purchase a home. As rates rise, as they are expected to by as much as 1% in the next year, buyer's purchasing power declines. Most people have been waiting for rates to go up and when that happens, there will be a much smaller pool of buyers and everything will be more expensive. 

For all of these reasons, we have the way to keep the process manageable for you. Give us a call, text, or email if you have any questions. Whatever works best for you. Thanks for checking out our blog, we look forward to talking to you soon!