Generally, the common misconception is that it’s not a good time to sell a house during the holidays. When the festivities of the holidays start to kick in, sometimes it may be challenging to find the time to deal with agents, meet with buyers, and do other activities that have a direct relation with house-selling. As a homeowner, you will have a lot of things on your plate during the holidays, making it very challenging for you to successfully sell your house. This is especially true if you’re selling a house for the first time.
But, the opposite is actually true. Despite the added busy-ness that it brings, the holidays are actually a very good time to sell your house.
Here are good reasons why:
1. There’s Lesser Competition
Real estate agents have noted that there’s less inventory of homes up for sale during the holiday season. This is because people don’t feel like adding up to the long list of things to do, as the holiday season begins. It can get stressful to have to think about selling their home too.
More often than not, homeowners will have to organize parties with their families, cook meals, prepare gifts while juggling the responsibility of selling their home. Homeowners who do not have the urgent need to sell their homes or have the tolerance to surpass stressful situations would opt to sell their homes after or before the holidays.
But, if you decide to be one of the few to do so, you get to enjoy the entirety of the market to yourself. Because there’s a low inventory of houses, this means that there’s lesser competition.
Some buyers also like to buy homes during the holiday season for reasons such as they’d want to open the new year in their new home. This means that you get to cater to the needs of these potential buyers, without having to compete against so many more sellers. The real estate market isn’t as crowded as it would’ve been during the spring season.
If this is your first time to sell a house, selling it during the holidays can be a great option. Less competition means you’ll have better chances of attracting homebuyers and finally closing the deal with at least one of them.
2. It Boasts Of Your Home’s Ability To Withstand Harsh Weather Conditions
One of the concerns of those living in a country with four seasons is that the house they’re looking to buy should also be able to withstand the harsh weather conditions during the wintertime. A house is a very expensive investment, which is why potential homebuyers would want to make sure that they are getting the most out of their hard-earned money.
This fact can speed up the time that it takes to sell your house. Right there and then, you can showcase its ability to withstand harsh weather conditions.
Features that you may be able to show off include:
- Your fireplace, hot tub, and heater’s heating capacity
- South-facing driveways to speed up melting of snow
- Condition of the roof and its furnace to show how snow falls from the roof
- Shorter driveway to minimize the need to plow the snow
Having all of these features inside your home will likely convince potential homebuyers to do business with you. These features will ensure that they will remain comfortable even during the wintertime.
Learn more about what features in a house are necessary to withstand harsh weather conditions by getting in touch with expert companies such as Cream City Home Buyers.
3. You’re Dealing With Serious Buyers
When people buy properties during the winter season, you know for sure that they mean business. They’re not willing to waste their time looking at houses, with no intention to buy. After all, they’re busy enough with holiday festivities that time is of the essence. Additionally, it’s generally a discomfort for these people to have to go out of their homes during the winter season when it’s freezing. Hence, when they look at homes, this means that they mean business.
This works as an advantage for you, as you also don’t have to keep opening up your home to buyers that are just looking around for the sake of doing so. This increases the chances of having a deal closed right there and then.
4. Buyers Have More Capacity To Spend
The holiday season also means year-end bonuses and payouts for many. This means that generally, many people are opening their year with better financial status. It can even be an increase in salaries. It’s during this time of the year that people have more capacity to spend.
In some cases, people might have saved money throughout the year with the intent of splurging by the end of the year for major investments. This is mostly true for individuals who are starting their own family or would want to make the most out of their finances.
Hence, negotiating prices and deals wouldn’t be as difficult. Because the buyers don’t feel as financially tied up, this also means that they might not spend so much time trying to haggle to the lowest price possible. It’s easier to create better deals as a house seller during this time of the year when wallets are heavy. As long as a homebuyer sees the functionality and worthiness of your home, they will likely close the deal after seeing the property in person.
5. It’s Easier To Stage For A Warm And Cozy Feel
Staging your home is also significant when you’re trying to put it up for sale. Buyers want to walk in a house that’s warm and cozy. But, when it’s humid, this can be very difficult to do as your options are limited. You’ve got to keep curtains light, and windows open to let the most wind in.
During the holiday season, homes inherently have that warm and cozy feel to it. The Christmas tree is up, and the fireplace is on. The house feels comfortable overall. This is an added plus to buyers, right there. Serve a cup of hot choco, and then you’ll undoubtedly be able to win their hearts with higher confidence.
If you’re out of ideas on how you can stage for a warm and cozy feel, ask help from pros such as Vol Homes – Knoxville TN. They have been operating in the real estate industry for years, making them one of the most reliable sources of help when it comes to staging your home.
While the spring season generally is dubbed as the best time to sell and buy a house, it can do you no wrong to be the opposite. This means attempting to sell your home in the holiday season. It’s doable, and judging from the advantages above, there are many benefits that you can gain from going on this option less traveled. Start today by positioning your property well. Then, put your house up for sale and enjoy these benefits. Who knows, before the year ends, you’ve finally sold your home. How’s that for a fresh start as a new year opens.