It’s common knowledge that most people are advised to get their home on the real estate market in late spring or early summer as that is “real estate season.” While the majority of homes do sell in the spring and summer, listing your home or looking for a home during the holidays or in the winter is not as taboo as some would lead you to believe. There are actual benefits to listing or looking for a home during the holidays, and if you’ve missed out on the real estate scramble of the spring and summer, starting a home search or listing your home now might just be in your best interest. Here are some of the top reasons why you shouldn’t avoid listing your home, or looking for a home, during the holidays.
Buyers Never Stop Looking
Many would lead you to believe that the real estate market comes to a complete stand still during the holidays or in the winter, but that’s not the case. Every state’s real estate market is thriving year-round, and that even includes during the holiday season. Serious buyers never stop looking, and a serious seller (or a seller that wants or needs to sell their property) will keep their home or property on the market all year long. The holidays bring out the buyers and sellers that are determined — they need something or want to sell now, and they’re not willing to wait for the spring or summer.
Inventory and Competition
While it’s known that home inventory is largest during the spring and summer months, the MLS always has home and properties listed on it. Fall and winter will have properties available, but the number of properties will be lower. Unless you’re totally transfixed on a certain home, or you have a list of needs and wants a mile long, you can be sure to find a property that will fit your housing needs throughout the year.
This is specifically for buyers, but it’s widely known that home prices slightly fall in the fall and winter when the market has cooled down and more serious sellers are keen to get a sale. This is mostly because real estate sales are seasonal. But that’s not to say if you list your home in the fall or winter you’re going to have to drastically slash the price in order for your property to sell. While it might sit on the market a little longer than it would in the spring or summer, fall and winter sales happen, and if you’re a serious buyer or seller, you know you’ll want to do all you can to make your dream of buying or selling a home a reality.
Homes Look and Feel Charming
You’ll see a lot of articles on how to spruce up a home to ready it for the real estate market, and while the tips are definitely valuable, it’s not a secret that many people decorate their homes over the holidays. There’s something warm and inviting about a decorated home, or a home that feels cozy, and people who list their homes in the fall and winter can take advantage of a fireplace or candles to make a room more inviting.
The reality is, the home buying season is now year-round and the holiday season can be a great time to buy or sell a home. There’s less competition for sellers, at a time when motivated buyers are out there looking and these buyers will be motivated to see your home, regardless of what the calendar says.