4 Reasons to Buy or Sell a Home During the Holidays

It used to be that everyone took a break from real estate during the holidays. The presumption was that homeowners were too busy hosting, cleaning, cooking, and decorating to add the burden of having to vacate their homes in order to show it. Not to mention the prospect of negotiating, closing, and moving during that busy time of year.

That particular aspect of real estate has changed a lot. If you are a buyer in this tough market - especially in Michigan where inventory is down - the holidays might just be the best time to buy.

In addition, if you have been struggling to sell your house, you might find that staying open during the holidays, so to speak, could make all the difference.

Are you about buying or selling a home during the holiday season? Here are four reasons you should consider:

#1: Technology Changes Everything

With the Smartphone technology, people are always searching. People take small moments in between gift buying, carpooling, and waiting in line to check for new house listings. You can bet that if buyers are having a hard time finding a house, they will try to gain that competitive edge by being the first to see and make an offer on a house.

On the other hand, there are always some buyers who won’t want to crowd this busy season with a housing search. Some people do take a break. If you are a buyer on the search, this could be a lighter season and you may experience less competition.

#2: Home at Its Best

The holidays are, inevitably, a time of good cheer and homeyness. Holiday decorating can be a no-brainer, even for those who don’t like to decorate. The right amount of holiday decorations can become a selling point. Prospective buyers may be able to more easily picture themselves in your house when they see it looking cozy for the holidays.

#3: A Good Time to Shift Gears

There are times when a house sits on the market - even in a hot market like this one. It could be your house has been overpriced. It could be it needs repairs. You may have had your house sitting on the market for weeks or months with no showings.

The holidays are a time when people are out of their normal routine. The market could respond positively to a change for you now. Consult a knowledgeable agent and work together to get over whatever obstacle is keeping your home from selling. And let the season do its magic. Buyers at this point are very likely to want to make a deal.

#4: Faster Mortgage Approval & Lower Prices

Buyers are likely to encounter less competition from another source: other buyers trying to get financing. Financiers are not as busy this time of year, for the same reasons the rest of the market is slow.

It’s a great time to take advantage of this. You might find you can get the whole thing done in less time than it would take during peak season. Also, typically because the market is slowest in December, home prices generally stay lower - less competition.

Pro Tip: List in January

If you truly don’t want to be bothered with having your home listed in December, wait until the first of the year. It’s typically a little slower than other times but with the added benefit of a new start.

Buyers who haven’t stopped looking through the holidays will welcome the new influx. It’s also a time when people make resolutions and do things they have been putting off. Don’t let the cold and lack of landscaping deter you!

Takeaway

While buying or selling during the holidays might seem like it won’t be worth the effort, the reality is that it could be much more rewarding than at any other time of year. Both buyers and sellers at this time of year are very motivated.

If you are looking to buy or sell a home, please give us a call. We would be honored to help.


248-348-7200

You may also like to read:
Strategies on How to Sell Your House in Winter