Why You Should Sell Your House Before the New Year
The year is winding down, and you might be thinking about putting your house up for sale. But should you wait until January or make your move now? While it might be tempting to delay things until after the holiday season, let's explore three great reasons to sell your house before the new year.
1. Get a Head Start on Other Sellers
In the world of real estate, many homeowners tend to wait until the new year to list their houses. Why? Well, the holiday season can get pretty hectic, and selling a house might not be on everyone's priority list during this time. But this presents you with a golden opportunity to get ahead of the game.
By deciding to sell your house now, while others are delaying until after the holidays, you can gain a competitive edge. Reach out to me, your local Plano REALTOR® today and kickstart the process of getting your house on the market before your neighbors do.
2. Present Your House to Eager Buyers
While there are more homes available for sale compared to last year, the supply is still relatively low. This means there aren't enough homes on the market right now. Some buyers might postpone their plans until January, but others have pressing reasons to move, whether it's a personal choice or a change in their circumstances.
These motivated buyers will still be active in the market later in the year, and they'll be eager to make their move happen. Unfortunately, they'll face a challenge due to the limited inventory. As Investopedia puts it,
"if your house is up for sale in the winter and someone is looking at it, chances are that person is serious and ready to buy."
Selling your home during this time can often lead to a quicker sale, attracting serious buyers who are actively searching for a new home.
3. Utilize Your Equity for a Smooth Transition
It's important to note that homeowners today have more equity than ever before. According to CoreLogic, the average equity per mortgage holder has soared to nearly $290,000. That means the equity in your current home could potentially cover part or all of the down payment for your dream home.
As you consider the reasons for selling before the year ends, think back to what inspired your desire to move in the first place. Perhaps it's time for a new home in a location that suits you better, one that offers the perfect space for you and your family, or maybe your needs have evolved over time. A local real estate agent can help you determine how much home equity you have and how you can use it to achieve your goal of moving.
In Conclusion
Listing your home before the new year comes with several advantages. You'll face less competition, attract motivated buyers, and have the potential to tap into your equity gains. So, why wait? Reach out today, and let's work together to achieve your goals before winter arrives.
By the way, selling your house before the new year is like getting the hottest toy of the late 1980s just in time for the holiday season – it's a smart move that can bring you joy and excitement!
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