Thinking about buying or selling a home? While the holiday season poses certain challenges, Shawn and Emma could walk you through it every step of the way and show you how this can actually be a great time to be on the market! With Christmas around the corner, we decided to have a little fun and let you know exactly the advice we would offer both buyers and sellers during the holiday season!
On the first day of Christmas my Real Estate Consultant said to me:
Buyers: if you're looking to buy your first home, now is the time! There might be less inventory now, but there is also less competition and more highly motivated sellers.
On the second day of Christmas my Real Estate Consultant said to me:
Sellers: if your home is for sale during the holiday season, feel free to decorate, but don't go overboard. You want your home to look its best while still enjoying your personal touch. Avoid large decorations that can be overwhelming or distracting. Remember that potential buyers want be able to envision your home as their own.
On the third day of Christmas my Real Estate Consultant said to me:
Buyers: take advantage of less competition from other buyers during the holiday season. Less competition might mean you'll be able to negotiate a favorable price for a home you want to purchase. Homes are often priced to sell this time of year. Although there is so much going on during the holidays, it might be worth it to go house hunting if it means a better price for you!
On the fourth day of Christmas my Real Estate Consultant said to me:
Sellers: make your home feel inviting. Play soft, classical music and offer homemade holiday treats. If potential buyers are comfortable, they will spend more time in your home and will have more time to appreciate all its best features.
On the fifth day of Christmas my Real Estate Consultant said to me:
Buyers: consider possible tax advantages. If you itemize your taxes, you can deduct any points you paid upon closing, as well as property taxes and mortgage interest. Whether it is to your advantage to buy before or after year's end depends on factors such as how many other deductions you have this year and expect to have next year. It could be to your benefit to close before the end of the year.
On the sixth day of Christmas my Real Estate Consultant said to me:
Sellers: there will be motivated buyers this time of year. If people are house hunting during the holidays, they probably have a good reason for doing so. For example, they may be relocating for a job or investing for a tax deduction. If they are on a deadline, they will be highly driven to find a home quickly. It may be worth it to do the extra work involved in showing your home during the holiday season.
On the seventh day of Christmas my Real Estate Consultant said to me:
Buyers: you may find that there are better interest rates this time of year. Generally, there is often a cyclical trend of lower interest rates during the holidays due to limited demand forcing greater competition among lenders.
On the eighth day of Christmas my Realtor said to me:
Sellers: price your home to sell. A home that is reasonably priced for the market will make buyers feel merry and bright. Price your home to sell rather than making small price reductions over time.
On the ninth day of Christmas my Real Estate Consultant said to me:
Buyers: you may get a faster closing on your new home since all parties involved have incentive to complete the transaction before the end of the year. Lenders want to close their books; realtors want to receive their commissions and buyers and sellers want to settle into their new homes. Since all parties are motivated and there are fewer transactions taking place during this time, in many circumstances, it should be easier to put everything in place for a smooth and rapid closing.
On the tenth day of Christmas my Real Estate Consultant said to me:
Sellers: provide photos that show your home year-round. Make sure that potential buyers see the beauty of your home during other times of year.
On the eleventh day of Christmas my Realtor said to me:
Buyers: motivated sellers may mean a better deal for you. People who are selling their homes over the holidays often have a need to sell fast. If a house has already been on the market for a while, that need is even greater. It may be advantageous for you to buy now. You can negotiate fairly but firmly with the sellers for a lower price and/or other concessions such as having them pay closing costs.
On the twelfth day of Christmas my Realtor said to me:
Sellers: create a video tour for the web. You might get less foot traffic during the holidays due to the business of the season. By posting a video tour, you may attract house hunters who don't have time to go to your home in person.
If you are considering buying or selling a home this month please contact us. We can walk you through the process and help you decide if right now is a good time for you. From our family to yours, we hope your holiday is merry and bright!