Why Selling Your Home Before the New Year Makes Sense"

The holiday season is fast approaching, and you may be considering whether now is the right time to sell your house or if you should wait until the new year. While it might seem tempting to postpone your plans until after the holidays, there are several compelling reasons to put your house on the market before the year-end.

1. Get Ahead of the Competition

Typically, during the latter part of the year, many homeowners delay listing their houses due to the holiday rush and the distractions that come with it. This can create an advantage for you as a seller.

By choosing to sell your home now, you can get a head start on the competition. While other homeowners wait until after the holidays to list their properties, you can begin the process with a real estate agent immediately. This early start can give you an edge in the market and potentially lead to a quicker sale.

2. Attract Eager Buyers

Although there has been a slight increase in the supply of homes for sale compared to the previous year, inventory remains relatively low. This means there are still not enough homes on the market to meet the demand.

While some buyers may postpone their plans to move until January, others have more urgent reasons to buy a home, such as job changes or life events. These motivated buyers will continue their search for a new home throughout the holiday season.

Buyers who are active during the holidays tend to be serious and highly motivated. They are more likely to make a purchase quickly if they find the right property. Listing your home during this time can attract these determined buyers, potentially leading to a faster and more successful sale.

3. Leverage Your Home Equity

One of the compelling reasons to consider selling your home before the new year is the significant amount of equity many homeowners have accumulated. According to CoreLogic, the average amount of equity per mortgage holder has risen to nearly $290,000.

This means that the equity you currently have in your home could be substantial enough to cover a substantial portion, if not all, of the down payment on your next home. Leveraging your home equity can help you make a smooth transition to a new property and achieve your homeownership goals.

As you contemplate whether to sell your home before the year-end, remember the initial reasons that motivated your decision to move. Whether you're seeking a better location, more suitable living space for your family, or your housing needs have evolved, now might be the ideal time to act.

A local real estate agent can provide valuable insights into your home equity and guide you on how to utilize it effectively to facilitate your move.

Listing your home for sale before the new year can offer several unique advantages. These include facing less competition, attracting highly motivated buyers, and the opportunity to leverage your home equity for a smoother transition. Don't wait for winter to set in – reach out to a real estate professional and start working towards achieving your homeownership goals before the year-end.