Keeping Your Home On The Market For The Holidays
November 29, 2012 by Johnny Brooks
Is keeping your home on the market during the Holidays a good idea for a seller? It all depends on a number of factors. The length of time the property has already been marketed is one important gauge. Homes and streets decorated with Holiday lights are attractive features that could be an incentive for buyers looking for a stable and friendly neighborhood.
A lot hinges on the amount of activity your home has had to that point. Properties that are not being shown prior to the Holidays will not magically heat up during that festive end of the year period. There’s only one reason why a property lacks prospect activity and that’s the price is not conducive to market conditions such as the location and or property condition.
There are many positives for families that keeps their home on the market this Holiday season. Number one and foremost, buyers are still actively out looking and buying homes because of the excellent mortgage rates. The other factor working in the sellers favor are the extremely low amount of competition from other properties on the market. Here are a few rational reasons to keep your home on the market.
a.) Buyers who look for a house during the Holidays are generally more serious, motivated, and have more time to look
b.) There are fewer homes on the market, therefore, less competition for your property
c.) Houses look their best decorated for the Holiday season and neighborhoods are more festive and attractive
d.) Potential buyers may want to take advantage of tax-deductible closing costs by completing the sale before year-end
e.) For buyers with children, purchasing a home and getting settled before school resumes in January id the next best alternative to moving during the summer months
f.) January is traditionally the month for many company transfers — and transferees can’t wait until spring to buy
g.) Although buyers are motivated during the Holidays, they usually are also very understanding. Sellers may still restrict showings during personal family events
h.) Buyers may accommodate an early closing with a rent back or extended occupancy allowing the seller to stay in the property until after the Holidays.
Even though this year has been substantially better overall for sellers and the Holidays hasn’t had a negative impact on the available surplus of buyers, each owner with a home on the market will have to make their own decision on keeping their home on the market for the Holidays. Please visit my website www.JohnnyBrooksHomes.com
for helpful tips on buying or selling a home.