The holiday season may have you feeling jolly, but is it really a good time to sell your property? If you’re preparing to sell your home, you may questions when the right time is to sell your property. Christmas is a time that comes up often, with mixed opinions. There are both pros and cons to selling your property over the holidays, which are worth considering.
Advantages of selling over the Christmas Period
There are several positive aspects to selling property over Christmas. It may be possible to get a great price during this time if you plan the right strategy. During this time period, the number of available houses for sale decreases. This reduces competition between sellers and instead increases the competition among buyers. It’s best to find a local real estate agent who will have up – to – date knowledge about how the holidays could affect your chances of a fast, profitable sale.
If you’re in an area that sees a higher level of competition between buyers during the holidays, this could lead to offers that are even higher than your original asking price. Another advantage is that buyers who are looking for properties during the holidays are usually serious about purchasing something, and this could lead to a quick sale. Most buyers looking at thus time want to be able to move in before a new year begins.
Christmas is also a naturally festive and joyful time. It falls during the first month of summer, which provides a bright, cheerful and sunny for the home. This combined with holidays cheer can make your home seem extra inviting.
Disadvantages of selling property over Christmas
One of the obvious disadvantages of selling property over Christmas is that this is a time when many people go on holidays. This could lead to fewer buyers being in town to see your property. As mentioned above, it may also be more difficult to find the right real estate agent to work with, because many agents will be off work spending time with their families as well. Be sure that you have all the resources you need to sell during this time period.
Another factor to consider is the impression that you will make on buyers by selling over the holidays. Buyers may be slightly suspicious, wondering why you are so keen to get rid of your property during this time rather than spending time with your family. They may think that you are desperate to sell because there is something wring with the property, or to satisfy a financial debt. If they think you are desperate to sell quickly, this could lead to lower offers. Selling at the wrong time could lead to lower profits or dragged out negotiation as a result.
So there are a few pros and cons for both! On behalf of the team at E-Fishient Property Solutions, we want to wish you a Merry Christmas and a Happy New Year. What a year 2018 has been! We Would like to take this time to thank you for your ongoing support this year. We hope you have a safe and enjoyable break and we cannot wait to work with you in 2019.