Why the holidays maybe the best time to sell your house!
People often think of listing a home sometime during April, May or June. The idea is that listing in the spring during prime selling season will get you the highest price.
Yet it’s actually not true. Starting a new listing in winter will actually get you a higher amount of money for the sale of your home on average.
A Redfin study that looked at more than one million homes between 2011 and 2013 in 19 major markets had some startling conclusions. Among the unlikely findings:
- Houses listed from Dec. 21 through March 21 had a 9% greater chance of selling within 180 days closer to the asking price vs. homes put on the market from March 22 through June 21.
- Listing in summer? That’s the kiss of death for a seller, apparently. The same study shows homes listed from Dec. 21 through March 21 had a 10% greater chance of selling at or near asking price vs. homes listed from June 22 through Sept. 20.
Every home and every situation may differ, of course.
The reason for this unlikely scenario? Home prices actually peak in late winter/early spring when the least number of properties are on the market, but people are already out looking. So you’ll make more money by avoiding the common wisdom!
On the other hand, Clark says that older listings that have sat on the market can be a real deal for buyers once they hit November 1. Spring or summer sellers tend to capitulate particularly if they’re still on the market around the holidays. The consumer champion notes. They become “motivated sellers” in the terminology of the industry. So, based on everything we know here is our reasons to put our house on the market at this time of year:
-While there may be less buyers out there, people who look for a home during the holidays are serious…. they are ready to buy!
-There fewer homes for buyers to look at during the holidays which means less competition equals more money!
-After the holiday the supply of listings increases substantially which lowers the demand of your home…. More competition equals less money!
-Many buyers have more time to look during the holidays as opposite to a normal work week.
-We will restrict showing of your home to the times you want it shown. You always remain in control!
Make a Right choice for You and give me a call when You are ready!