Should I sell during the Holidays?
Low inventory, high buyer demand and record-low interest rates are setting up this winter season to be one of the best seller’s markets in recent history – and if you’re thinking about selling your home, now is a great time to make a move.
Here are a few tips for taking advantage of this historic market.
Price right.
Typically, you don’t want to price your home too high, but in a market like this, there is more leeway for you to list on the higher end of the price range. The low inventory, high demand, and low interest rates make a buyer feel fine about paying a bit more for a house. We are also finding that there is a sweet spot to pricing in order to get multiple offers on your home quickly.
Offer a variety of options for seeing the home.
A lot of buyers are still hesitant to go tour homes in person – so, if you want your home to sell quickly and profitably, make it easy for buyers to tour your home without having to step foot inside. Virtual tours, live tours or recorded tours are great ways to allow buyers to get a feel for your home while still social distancing – and are an essential selling tool during these odd times.
Don’t accept an offer too quickly.
In today’s market, many homes are getting multiple offers – don’t jump on the first offer you receive and say “yes” to the first before additional offers come in. Owners typically have 24 to 48 hours to respond to an offer, so give yourself plenty of time to consider the offer, allow any other offers to roll in in that time, and make the best (and most profitable) decision for your home sale.
Now, more than ever, demanding timelines make it essential to have experts on your side with a team of experienced agents with all of the connections to get your home closed on time.
