People say that business slows and buyers and sellers decline during the winter and holiday months, but that simply isn’t our experience here at RE/MAX Rewards! We’re listing homes, touring properties and writing contracts as fast as ever, so now is a great time for you to jump into the market.
Here are three reasons why selling your home during the holidays is a great idea:
1. Lower Inventory: Here’s where high school economics kicks in – the law of supply and demand tells us that the higher the supply, the lower the price. Conversely, the lower the supply, the higher the price. That’s what we have in December – a much lower supply than in other months – which means buyers can expect to receive higher prices for their homes.
2. Serious Buyers: The year’s ending, and to get that beloved tax credit, buyers have to close before midnight on December 31. That means the folks looking at your home are motivated and don’t have time to play games – another plus for the seller!
3. Lower Interest Rates: Historically, interest rates tend to fall at the end of the year. That means buyers could save tens of thousands of dollars over the life of a 30-year loan by locking in a lower interest rate! See, the perks aren’t JUST for buyers!