As the winter season approaches, you're likely making plans and considering what you want to achieve before the year comes to a close. One of the significant decisions you might face is whether to sell your home this year. If your current home's location or size no longer fits your needs, finding a house that better suits your lifestyle could be a top priority. However, with the current cooling housing market, you might wonder if it's the right time to sell, or if you should wait.
If you're contemplating your decision, here are three compelling reasons to consider selling before the holiday season:
1. Get Ahead of the Competition by Selling Your Home Before the Holidays
Traditionally, homeowners are less likely to list their houses toward the end of the year in the residential real estate market. The holiday season tends to keep people occupied, leading them to postpone selling their homes until the beginning of the new year when their schedules calm down.
Selling your home now, while others might delay until after the holidays, can make your property stand out. Begin the process with a real estate professional today to get your home on the market, have open houses, and stay ahead of the competition.
2. Attract Serious Buyers This Season
Even though housing supply has increased this year with moderated buyer demand, it remains relatively low overall. This means there aren't enough homes on the market, especially as the millennial generation enters its prime homebuying years.
As Mark Fleming, Chief Economist at First American, points out:
"While not as frenzied as 2021, the largest living generation, the Millennials, will continue to age into their prime home-buying years, creating a demographic tailwind for the housing market."
Serious buyers will still be actively searching during the winter, and your home could be precisely what they're looking for. If you collaborate with a real estate agent to list your home now, you'll have the opportunity to connect with eager buyers hoping to make a move before the year ends.
3. Seize the Opportunity to Move Up
Keep in mind that today's homeowners possess record amounts of home equity. According to CoreLogic, the average amount of equity per mortgage holder has climbed to nearly $300,000, reaching an all-time high. This means that the equity you currently have in your home can cover a portion, if not all, of a down payment on the home of your dreams.
As you weigh the reasons to sell before winter, don't lose sight of why you're considering a move in the first place. Perhaps it's time to purchase a home in a better location, with the space you and your loved ones have been longing for, or one that truly feels like home. A trusted real estate advisor can help you determine the amount of home equity you have and how to leverage it to achieve your goal of moving.
In Conclusion
If you're contemplating selling your home to find one that better suits your needs, this is the moment to take action. Don't delay your plans as the holiday season approaches. By selling your home before the holiday rush, you'll not only get a jump on the competition but also open the door to a host of opportunities.
With fewer sellers in the market, your property will shine brightly, capturing the attention of serious buyers who are actively searching for their dream home. The current real estate landscape, while not as frenzied as in recent years, still presents an advantageous environment for sellers.
Moreover, the significant equity that today's homeowners hold can be a game-changer. You have the potential to leverage this equity for a down payment on a home that truly fits your lifestyle, whether it's in a better location, provides the space you've been craving, or simply feels like the perfect place to call home.
If you live in the Palm Beach area or are thinking of moving, The Titan Trust Real Estate can assist you in realizing your real estate dreams. Don't miss out on this advantageous moment in the real estate market—act today and unlock the potential of your home sale. Call The Titan Trust Real Estate at 612-741-6574 now to get started.