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If you want to sell, put your house on the market. Sales are lower in November and December however there is less listing competition, and the buyers that are looking are serious. As an agent I have had some very significant sales in the slower months and encourage you to go ahead and put your house on the market if you have made the decision to sell.
There are mixed reactions over selling or buying houses in winter. It’s sometimes better for a vendor to sell in winter because there’s less competition amongst other properties. If you decide to sell your most important asset over the winter period you’ll join a small number of people who are selling because most people either do it over autumn or spring.
Actually, there are some real benefits to buying and selling at the end of the year. One is that there is usually less competition-the busiest season is spring and summer when folks want to get their kids settled before the school year. This means that as a seller your listing will be up against fewer other homes, and as a buyer there will be fewer offers in competition with yours.
ALso, there are some tax benefits that you can take advantage of when you close before the end of the year. Closing costs, property taxes and mortgage interest are just a few of the possible deductions that you can realize almost immediately.
According to me, if you are willing to buy a new home then winter is the right time. You can take advantage of winter season as it has fewer units on the market and usually sellers tend to move from their property. The number of buyers are very less in the market during winter. Looking for home during winter can be inconvenient. Thus, fewer buyers means less competition.
There are Buyers out during the holidays because they are serious. I sold a house on Bull Mountain last December because of an open house. If you want to sell, there is no good reason not to put your house on the market.
You might still succeed in selling during winter/holiday season, but spring still dominates in terms of home sales.What of fall.Does fall equal more home sales? Real estate experts call fall the hidden gem of the market.I thint it might help for you to know that too.
Like the other said during this time of the year there is less competition both as a seller and buyer. Many of the buyers are either looking because of a job transfer or moving closer to family. The relocating business person usually wants to be settled before they start their new position in January. Some sellers are in that same predicament and they have to sell before they can relocate.
As a seller even though the competition is less, your home still must be PRICED correctly! In addition, buyers must be able to see your home. If you do a lot of entertaining during holidays and can't have buyer in and out of your house, you might be better off waiting until January.
If your looking to buy, still expect to pay a fair price for these homes. If the seller is relocating for work, they probably are working with a relocation company that will purchase their home if it does sell in the allotted time. Many of those that don't have a time frame for moving would rather wait for the spring in hopes of better offers. For this reason it is important to have a buyers agent who can navigate you though this process and hopefully find out what is the seller's motivation.
I believe it is different in some states and areas.But the true question might be are you ready to buy or sell? The holidys are a busy time of year with folks moving all over the country to be with family and friends. With this in mind we many times see folks who are just visiting and decide this to be a good time to look around.
Buyer or seller the holidays should not be a deterent but a good opportunity because fewer folks are looking.
October thru late Spring make up the strongest buying and selling time here.
I would say selling in winter is not that bad an idea because the supply for homes is quite low during this time. Therefore, the seller can push the prices higher and thus, earn higher returns. But it is not advisable to buy residential property during the winters and wait for the spring when s/he would have a number of options to choose from.
Buying and selling in the winter isn't a bad idea at all! Make your offer to buy in the winter and gear your sale to Market in February! The Only Buyers in the winter market are REAL BUYERS!
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