Friday, November 11, 2022 / by Jake Uriegas
Is selling your home during the holidays a good or a bad idea?
As the holiday excitement builds, many people hit pause on selling their homes, convinced that nobody is hunting for their next house during the festive season.
But the truth is-no matter the time of year, people are ALWAYS looking to buy a new home.
Here are the five reasons why selling a home during the holidays can unlock lucrative opportunities that would be difficult to find other times of the year.
1. Motivated Buyers: People who take time out of their crazy holiday schedules to look at homes are typically serious buyers about finding a house and are the ones that will be more likely to say "yes" to a sale.
2. Lack of Competition: While everyone's busy with holiday plans, smart sellers are putting their homes on the market. Less competition + serious buyers = more eyes on your listing. This lack of competition during the holidays can translate to a quick sale and sometimes a more lucrative selling price.
3. Take Advantage of the Holiday Spirit: From Christmas lights to lawn nativities, what better time to convince a buyer to move into your neighborhood than when it's full of holiday cheer? There is no better way to seal a deal than with festive vibes.
4. A New Year Means New Jobs: The end of the year is typically when people get notified that they will be moving because of a job transfer. These people need a house, and they need it fast. You may have the perfect home for someone needing to relocate.
5. End-of-Year Tax Breaks: Reducing the tax bill is why some home buyers choose to find a home during the holidays. If the home sale closes before December 31st, buyers can deduct mortgage interest, property taxes, and interest costs of loans.
Well, there you have it—the five reasons selling during the holidays isn't such a bad idea after all.
But there is no doubt that selling during the festive season comes with its challenges too. But as you can see, great opportunities can be found where others see a challenge.
Photo by Brett Sayles