Key Takeaways:
- Traditionally, many home sellers choose to pull their homes off the market during the holiday season—but this year is different.
- Housing inventory has dropped to an all-time low as more and more buyers start searching for the perfect home. As a seller, this means you could score a fantastic deal if you list right now.
- Want to capitalize on the hot winter market? Contact Linda Craft & Team at 919-235-0007 to get started!
Here’s Why You Should Sell Your Home During the 2020 Holiday Season
The holidays are almost here, and many would-be sellers have put off listing their homes or even pulled them off the market entirely. While this may seem like a logical decision, you could miss out on one of the biggest selling opportunities in all of 2020.
Want to get in on the big winter housing boom? Here’s why December is the optimal time to make your house available for holiday buyers.
Housing supply is dwindling
According to a new report by the National Association of Realtors, the inventory of houses for sale has dropped to an astonishing all-time low. Typically, a neutral market will have an available supply of six to seven months, while a seller-sided market has less than six months of inventory. However, today’s market has just a 2.5 month supply of homes—and this is fantastic news for potential sellers.
Today’s competitive market gives sellers an upper hand
Because inventory is so low, many buyers are willing to negotiate and spend more for the right home. And as competition among purchasers rises and more bidding wars take place, it’s becoming essential for buyers to submit their best and highest offer from the get-go.
Wondering what this means for you as a seller? Chances are, you won’t have to wait long to catch the attention of motivated buyers, especially if you price your home right. When it comes to negotiations, you’ll have more leverage when it comes to price, contingencies, and your desired closing date.
Bottom Line: You Should Consider Selling Your Home This Holiday Season
If your neighbors decide to take their listings down this month, your home could quickly rise to the top of a holiday buyer’s wishlist. Low supply coupled with rising prices and low mortgage rates have created a perfect recipe for home-selling success—but you’ll want to take advantage of this opportunity while it lasts!
Ready to Get Top Dollar for Your Triangle Home?
Selling your Triangle home quickly and for the best possible price requires the expertise of a top-rated agent. As one of the most trusted real estate teams in the Raleigh area, Linda Craft & Team would love to help you with every aspect of your sale! Contact us today at 919-235-0007 to put our 350+ years of combined experience to work for you.