Selling your home proves a momentous decision, especially if it’s the home you’ve raised your little ones or created some fond memories in. But, inevitably, many decide to take the plunge and find another home that better suits their current needs.
Many areas, including the greater Seattle region, remain active through the holidays – though the season definitely brings a lull comparative to the rest of the year. In this article, we’re going over the pros and cons to selling during the holiday season, and offering some tips to make the entire experience the best it can be!
Here are 3 Advantages of Selling Your Home During the Off-Season:
- Less Seller Competition
Many homes are taken off-market during the holidays, and even more families simply wait until the new year or Spring to first list their homes. While this proves a good idea for some, those times are rampant with listings and you might feel the best time is when not so many are coming on market.
Especially, in the Seattle area, where homes are getting snatched up with the week, your home may fair well during the season when other people’s homes are off market. Fewer homes on the market often makes it an easier sell – and national and local statistics back that statement (see below).
- Buyers Are More Motivated
Many homes throughout the region are still getting multiple offers, meaning people are still driven to purchase before the end of 2017. As a seller, you want motivated buyers prospecting your home during open houses and agents floating through during brokers’ opens.
Remember, anyone who takes time out of their holiday – away from shopping, holiday gatherings, eating, parties, and just holiday cheer in general – is serious about their search for a new home. And buyers motivated to search, are buyers motivated to close. Besides, since the super nice, PNW weather is gone everyone is ready to settle back into the search.
- Your Home’s Already Stiffed Up for the Season
Many people expect people to be coming over throughout the season, meaning your home is typically on the cleaner side – and that’ll work in your favor as potential buyers cycle through!
- An Influx of Employment Mobility
It’s the last chance for people planning on relocating in the new year to look, before their new and local position starts up. Oftentimes, these people fall into the category above – Motivated Buyer – and they’ll be oh, so eager to snatch up your home!
Here are 3 Disadvantages of Selling Your Home During the Off-Season:
Likewise, to the benefits, there are drawbacks to selling during the off-season. The end of the year is usually a time of travel and family gettogethers – and if you’re the one typically hosting, well, you can see the conundrum.
- Personal Inconvenience
The holiday season is busy for everyone, and adding the listing/sale of your home to the mix only increases that busy sensation. But, that alone doesn’t mean you shouldn’t sell during the off-season. Consider the tips below, if you’re worried about juggling your personal, seasonal and showing schedules!
- Less Competition (for the Buyers)
Less overall buyers, may mean less offers. Talk to your agent about the possibility of an offer review date, and see what options that opens for you.
- You Might Feel Rushed if it Doesn’t Sell
If your home doesn’t sell during quickly, you have the issue of stagnant inventory and when more buyers flood the market come the new year, you may find your home on the backburner.
If you’re more of a figures person, check out the 2016 statistics on TheMarketTalks.com, which goes over the Greater Seattle Region cities and neighborhoods with an in-depth analysis. Specifically, check out the “November 2016 Seattle Area Housing Report” and the “December 2016 Seattle Area Housing Report”. Historical data can prove telling.
Overall, there will always be advantages and disadvantages. You’ll have to sit down with your family and agent and see what option works best in your situation. Whatever timing is best for you, is the timing you should proceed with.
So, let’s say you decide to sell. What should you do?
- Compromise on Decorations
Do you really need the garnish in every room? In several colors? While it’s true that most people won’t be offended, you want potential buyers to be able to picture themselves living in your home, and what that might look like for them. Having a ton of holiday decorations may make that difficult for them.
That being said, that doesn’t mean you have to let go of everything and not decorate! I would touch base with your agent to see what insight and perspective they can offer.
- Tone Down the Scent-Heavy Candles
We love scent, but not everybody does – and it really affects some people. We don’t want to be spraying lavender, if your next potential buyer’s allergic! We suggest you stick to clean or non-scented candles and potpourri – at least for a little while!
- It’s Okay to Create Blackout Dates
Oh, your parents are in town? Or your hosting your annual pie-making event? Communicate with your agent, so they can create blackout dates in your calendar and encourage prospective buyers to work around your schedule.
- Set Up a Showing Schedule with your Agent
If you don’t want to show on the weekends, you don’t have to. If you would prefer to only show before 9 in the evening, you can let them know that, too – just know you may dwindle your pool of potential buyers.
Either way, you should set some times aside, or requirement of notice, so you’re able to have some semblance to your season!
- Touch Base with your Agent
Making sure you and your agent are on the same page will prove critical as you move through the home-selling process. Ensuring vacations, showings, staging, and blackout dates, etc. are on the calendar will be a crucial part of ensuring an easy, breezy holiday season!
Having assistance from a savvy agent is a key factor in both ensuring sanity and the sale of your home, during any time of the year – including the wintery season! A great agent will help you set your home up for ultimate success!
You can always check out our Home Selling Advice page on our website to check out our offices’ brokers, full, detailsed market reports, home trends, and neighborhood information!
Remember, it’s still your home – and should feel completely comfortable until the day of closing. And something to always consider is what to do when your home does sell.
What other advantages do you see in selling your home during the cold or off-season? Any other disadvantages? How about some tips for people on the edge of their decision?
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