The festive season is a busy time of year for everyone. All the shopping, cooking and cleaning is enough to send anyone into a tailspin. Add selling your home to the mix and you might think that you're in for one heck of a ride. That said, your future plans might not be able to wait and, if you choose to put your home on the market during this time of year, you could be pleasantly surprised when you realize the many benefits of selling your home during the holidays.
Other sellers might wait
If other home sellers are waiting it out, this is all the more reason for you to market your home! It's all about supply and demand so, when people are looking, you want to make your home available for viewings. You don't need to show your home every day but you can discuss a plan with your estate agent and work out a viewing schedule.
Holiday motivation
There is something about the holidays and the New Year that makes people even more open to the idea of change and investing in a new home. In addition, you can be sure that the weather conditions will also ensure that people viewing your home are serious about buying. Nobody will simply roam around in the middle of winter unless they are ready to buy.
Interest rates
At the end of the year, we often see a drop in interest rates. Interest rates have a way of fluctuating throughout the year but if there is a drop, you can find it that much easier to sell. There are also some possible tax benefits to buying before the New Year but this does depend on the local tax laws.
More movers
Corporations and larger companies usually have their employees make a move during the first few weeks of the new year. For this reason, people and companies are often in the market around the holidays since they need a new place to stay and, since there is a direct connection between work and home, it's a need that must be met urgently.
Holiday bliss
The smell of something baking in the oven and the holiday decorations can also be quite appealing to potential buyers. When a house feels more like a home, it really is even more attractive. It's kind of like seeing somebody dressed in their finest clothes and creating a memorable first impression. For this reason, you might want to keep your decorations simple and elegant without too much clutter.
Holiday time off
Many people have time off during the holidays which means that couples and families have the time to browse together. They aren't as rushed to make a decision as they normally might be and this means that they are also more relaxed.
Faster mortgage approvals
Since the market tends to slow during this time of year with many sellers waiting for the New Year or even spring, banks and financial institutes are not quite as busy as usual. They are able to process applications that much quicker and this makes it easier and less stressful for all concerned.
With all of these benefits in mind, it's also good to remember that an experienced realtor will also help ensure that you sell your home quickly and that you get the most out of the deal. Whether you are looking to buy or sell your GTA property, call Marina Rigenco at (647) 834-2292 for expert assistance!
