As the calendar pages turn and we approach the end of the year, you might be contemplating whether to list your Triangle area house now or wait until the new year. While the holiday season might seem like a time to pause, there are compelling reasons to consider putting your Raleigh home on the market before January. Let’s explore why making your move now could be a wise decision.
Stay Ahead in the Real Estate Game
In the latter part of the year, the real estate market often sees a slowdown in listings, as many homeowners are preoccupied with holiday festivities and postpone their selling plans. This period of reduced activity presents a unique opportunity for you.
By choosing to sell now, you can capitalize on the reduced competition. Engaging a real estate professional, such as Linda Craft Team Realtors, promptly will enable you to have your Triangle area property listed and ready to attract buyers, potentially ahead of others who are waiting until the new year.
Capture the Attention of Serious Buyers
Despite a slight increase in housing inventory compared to last year, the market still faces a shortage of available homes. While some potential buyers might defer their home search until after the holidays, others, driven by personal circumstances or life changes, remain active and committed to finding a home.
These buyers are not only active but also highly motivated. As noted in an Investopedia article:
. . . if your house is up for sale in the winter and someone is looking at it, chances are that person is serious and ready to buy. Anyone shopping for a new home between Thanksgiving and New Year’s is likely going to be a serious buyer. Putting your home on the market at this time of year and attracting a serious buyer can often result in a quicker sale.”
Leverage Your Home Equity for Your Next Chapter
Today’s homeowners are sitting on unprecedented levels of equity. CoreLogic reports that the average equity per mortgage holder has soared to nearly $290,000. This significant equity can be a game-changer for your next move, potentially covering a substantial portion, if not all, of the down payment on your next Raleigh dream home.
As you consider selling before the year ends, reflect on the initial motivations to list your house. Whether it’s a desire for a new location, a home that better fits your current needs, or simply a change of scenery, your home equity can be a powerful tool in realizing these aspirations. Linda Craft Team Realtors can assist you in understanding your equity position and how it can facilitate your move.
Bottom Line
Listing your Triangle area home before the new year can be strategically advantageous. With less competition, a pool of motivated buyers, and the leverage of your home equity, you are well-positioned to make a successful sale. Don’t hesitate to reach out to Linda Craft Team Realtors for professional guidance to capitalize on these unique end-of-year benefits and move forward with your real estate goals.