As you look ahead to the winter season, youre likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, finding a house that better suits your lifestyle may be a top priority for you. But with todays cooling housing market, is it really a good time tosell your house, or should you wait?
If youre ready to make your decision, here are three reasons you may want to consider selling before the holidays.
1. Get One Step Ahead of Other Sellers
Typically, in the residential real estate market, homeowners are less likely to list their houses toward the end of the year. Thats because people get busy around the holidays and deprioritize selling their house until the start of the new year when their schedules and social calendars calm down.
Selling now, while other homeowners may hold off until after the holidays, can help your house stand out. Start the process with a real estate professional today so you can get your house on the market and get ahead of your competition.
2. Get in Front of Serious Buyers This Season
Even thoughhousing supplyhas increased this year as buyer demand has moderated, its still low overall. That means there arent enough homes on the market today, especially as themillennial generationreaches their peak homebuying years. As Mark Fleming, Chief Economist atFirst American,says:
While not the frenzy of 2021, the largest living generation, theMillennials, will continue to age into their prime home-buying years, creating a demographic tailwind for the housing market.
Serious buyers will still be looking this winter and your house may be exactly what theyre searching for. If you work with an agent to list your house now, youll be able to get in front of the eager buyers who are hoping to make a move before the year ends.
3. Seize a Great Chance To Move Up
Dont forget, todays homeowners have record amounts ofequity. According toCoreLogic, the average amount of equity per mortgage holder has climbed to almost $300,000. Thats an all-time high. That means the equity you have in your house right now could cover some, if not all, of adown paymenton the home of your dreams.
And as you weigh the reasons to sell before winter, dont lose sight of why youre thinking about moving in the first place. Maybe its time to buy a house thats in a better location for you, has the space you and your loved ones have been craving, or simply gives you that sense ofhome. A trusted real estate advisor can help you determine how much home equity you have and how you can use it to achieve your goal ofmaking a move.
Bottom Line
If youre thinking about selling your house so you can find a home that better suits your needs, dont delay your plans. Work with a local real estate professional to accomplish your goals before winter.
If you have any questions, or are looking to buy or sell any real estate, please call me, Marie McLaughlin, 727-858-7569
