Buying & Selling During The Holiday Season

One question we’re often asked during this time of year (October through January) is “Should I really buy or sell a home now or wait until next year?” It’s a common and valid concern for many consumers in any market. There are many schools of thought on this subject, and many are specific to the market you are looking to transact in. Also, there really is no right or wrong answer.
There are only a few things to consider if you are juggling this dilemma. Here are our considerations on the topic:

If you are thinking about selling your home:

  1. Inventory is typically at it’s lowest point during these four months. Entering the market at this time means less competition from other active listings in your area.
  2. While there are fewer buyers actively searching during this time frame, the ones that are searching are usually much more serious buyers. Why else would they be searching for a new home during the Winter? Because they have a need that can’t wait until Spring.
  3. Listing agents have more time to devote to marketing your listing. Avoid the Spring and Summer rush and get more personalized attention.
  4. Buyer’s agents definitely have more time to show and sell homes. Always room for one more to round out the year with a nice holiday bonus!

If you are thinking about buying a home:

  1. Although inventory is lower during this time frame, the sellers are usually more willing to negotiate in order to complete the transaction before the Spring rush.
  2. Both the listing and buyer’s agents will be more readily available and have the time to handle issues that need to be addressed.
  3. Scheduling movers is a whole lot easier in the slow season. Most any service provider usually has more time and availability to meet your needs.
  4. Your family would surely appreciate a nice, new comfy home for the holidays so that you can finally host all of those wonderful friend and family gatherings!
  5. By the way, rates are so low right now you may hurt your back trying to pick one up.

If you or someone you know need to buy or sell a home to round out this year, please contact The Carnes-Hyatt Group. We’re never too busy for your referrals, and they are always greatly appreciated!

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