In case you've ever wondered about how we've come to enjoy some of our treasured holiday/Christmas traditions, here is some history behind them.THE CHRISTMAS TREE
Dated: December 13 2022
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Low inventory and serious buyers are two reasons—and year-end issues
What if you can't wait until the weather warms up to get your house on the market? Should you consider putting your house up for sale around the holidays?
It may not seem like the most ideal time, but the holiday season does have its benefits—provided you position your home in just the right way. You might not get in the middle of a bidding war, but you are going to deal with serious buyers who are ready to close a deal. Here are some very viable reasons why the holidays are a good time to sell a house
1. There's Less Housing Inventory During Winter
Don't discount the holidays. In fact, there are plenty of homes listed around the holidays that may command more money, even if the inventory is limited. If you play your cards right, you may even be able to sell your home quicker than the ones listed in the spring. Buyers won't have an endless list of homes from which to choose, so there's more time for them to focus on yours. Furthermore, the limited range of options available to buyers means you may be able to command a higher asking price for your property.
2. Winter Buyers Are More Serious
Most open houses take place during the spring and early summer. It isn't unusual to see people saunter into a property without a clear plan to buy. People often check out homes just for the sake of looking. After all, hitting open houses is a favorite pastime for many Americans.
But 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—they aren’t going to spend their precious time around the holidays seeing how the other half lives. Putting your home on the market at this time of year and attracting a serious buyers can often result in a quicker sale.
3. Year-End Job Transfers
Another good reason is timing. The end of the year is typically the time when people get informed they will be moving because of a job transfer, or perhaps an offer comes through from another company that's just too good to pass up.
Those people are going to need a home sooner rather than later and, as a result, they'll be hunting for a new home during the holidays. These buyers can’t wait for spring, which is one reason why listing during the holidays can get the home sold—and sold quickly.
4. End-of-Year Tax Breaks
Reducing one's property tax bill may not be the main reason buyers purchase a new home, but it could be why serious buyers make a move during the holidays. That’s because buyers can deduct the mortgage interest, property taxes, and interest costs of the loan if a sale closes on or before December 31. New tax laws limit the deduction, of course, but the tax benefits could still prompt a buyer to move during the holidays instead of waiting until spring.
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