Three Reasons for Staying on the Market over the Holidays
1. Less Competition
Many people will be taking their homes OFF the market over the holidays (for various reasons, but mostly because they don’t want to be inconvenienced) – so if you are selling – you will have fewer competitors. That’s a good thing! The fewer competitors the more likely people will choose your home.
2. Your Home Shows Better
The goal in the marketplace is to have a buyer fall in love with your home and buy it. The holidays are when homes look the best – the tree is lit, the decorations and stocking hung, and generally speaking homes sparkle with holiday cheer.
3. Interest Rates Are Still Historically Low
Even though they have ticked up about a ½% lately (4.5% last week) – our marketplace has not seen such low interest rates in decades. This means buyers can buy more house today than they could years ago and affordability is at an all time high. Most economists predict interest rates rising through the year next year – so buyers are very active today and through the end of the year in the marketplace.
I’d love to hear some of your stories about selling over the holidays or some suggestions for sellers as they hit this Holiday Season with their homes for sale.
Merry Christmas – Happy New Year – Happy home selling!