Many homeowners feel that the best time to sell their house is during the spring season. Because of spring’s weather and various open houses everywhere, people tend to prefer this time of the year to go house shopping. But, by taking advantage of the real estate market during the holiday season you can reap many of the benefits that spring-time sellers won’t have.
Homes that are listed around the holidays tend to sell a lot quicker and for more money than the homes listed in spring. This is due to the lack of competition sellers’ face. Also, because of the lack of inventory, the high asking prices are often met.
During the holiday season, prospective home buyers will get a chance to take a look at your neighborhood. If your neighbors are keen on decorating, it might play a large role in generating interest. People purchasing a home around Christmas might be swayed to live in such a spirited community.
Another reason why buyers prefer purchasing a home during the end of the year is so they can reduce their tax bill. Before the end of the year, mortgage interest can be deducted along with property taxes and interest as well. This could prompt someone into buying a home during the holiday season to take advantage of this limited opportunity.
Often, the end of the year is when employees are relocated to a different location, therefore placing pressure on them to find a new home. Factor in all of the other benefits above and it’s more likely that they’ll purchase a house as a longtime solution instead of renting.