Sell Your House Before the Holidays!

As the winter season approaches, you're probably making plans and thinking about what you want to accomplish before the year ends. One of those key decisions could be whether or not to relocate this year. If the location or size of your current home no longer meets your needs, finding a home that better suits your lifestyle may be your top priority. But, with today's cooling housing market, is now a good time to sell, or should you wait?

If you're ready to make a decision, here are three reasons why you should sell before the holidays.

1. Get a Head Start on the Competition

Homeowners are less likely to list their homes at the end of the year in the residential real estate market. Because people get busy around the holidays, they put off selling their homes until the new year, when their schedules and social calendars calm down.

Selling now, when others may wait until after the holidays, can help your home stand out. Begin working with a real estate professional today to get your home on the market and ahead of the competition.

2. This Holiday Season, get in front of serious buyers.

Even though housing supply has increased this year as buyer demand has moderated, it remains low overall. That means there aren't enough homes on the market right now, especially as the millennial generation enters their prime homebuying years. According to Mark Fleming, Chief Economist at First American:

“While not the frenzy of 2021, the largest living generation, the Millennials, will continue to age into their prime home-buying years, creating a demographic tailwind for the housing market.”

Serious buyers will continue to look this winter, and your home could be just what they're looking for. If you work with a real estate agent to list your home now, you'll be able to get in front of eager buyers who want to close before the end of the year.

3. This Holiday Season, get in front of serious buyers. Take Advantage of a Fantastic Opportunity to Advance

Remember that today's homeowners have record levels of equity. The average amount of equity per mortgage holder, according to CoreLogic, has risen to nearly $300,000. That's a new milestone. That means the equity you currently have in your home could cover some, if not all, of the down payment on the home of your dreams.

And, as you weigh the benefits of selling before winter, don't lose sight of why you're considering a move in the first place. Perhaps it's time to buy a house that's in a better location for you, has the space you and your family have been looking for, or simply gives you a sense of home. A reputable real estate professional can assist you in determining how much home equity you have and how to use it to achieve your goal of making a move.