The real estate economy not only differs every year, but additionally from month to month. There are a few misconceptions about selling a home during various seasons. The following is information on listing your home in Novi Michigan during the holiday months will help you determine if it’s the right time to sell your Novi home.
Inventory & Competition when listing your home in Novi Michigan during the holiday
By listing your home in Novi Michigan during the holiday means less competition due to not many houses are listed for sale during the the holiday months. Home buyers still have a need during the start of the new year, so the holidays are when they need to finalize their home selection. Being one of the few real estate options available gives you a higher likelihood of going under agreement.
Motivated Buyers
A previous study by Realtor.com found that 79% of buyers searching during the holiday months were more serious. 61% consider lower competition for properties to be an advantage. Furthermore, potential buyers have extra time to see homes for sale during the holiday months. Buyers who are relocating also often use the days off work to complete a home search. Thus, it is likely to hear of properties going under contract on Christmas or New Years Eve.
Don’t hesitate listing your home in Novi Michigan during the holiday
If you are hesitant about selling your real estate around the holiday months, consider the opportunities you might be forgoing from home buyers who really need to locate a property and are visiting homes on the market. Holding off until the new year can lead to your real estate getting lost amongst the volume of new real estate for sale or needing to be priced lower due to the competition. Home buyers look for homes every month of the year, but the inventory and number of buyers will shift and affect home prices.
This information on listing your home in Novi Michigan during the holiday months was compiled by Tom Gilliam at RE/MAX Classic. Contact Tom at 248-790-5594 or [email protected] for advice on listing your property for sale.