The holidays are fast approaching, and one of the most frequently asked questions we get this time of the year is about the pros and cons of selling a home during the holiday season.
Is it the right time to sell?
Is the house buying activity more active compared to summer months?
Should I lower my price to get more prospects?
These are a few questions that bug home sellers and we thought it’s the perfect time to shed some light on this issue.
To help you decide if you will list your house or not, here are the pros and cons.
Less competition. Many sellers believe that the time between Christmas and New Year is already busy enough for people to even go out and look for a house purchase. However, because of this common belief, those who have decided to market their properties during these busy times will have fewer competition.
Motivated buyers. If there are people looking to buy a house during the busy holiday period, then these people must be seriously interested in obtaining a new home. Just think about it, if you are out during the cold winter months looking for house, do you not consider yourself a serious buyer? Most likely, the answer is yes.
In addition, families who are seeking to relocate find December the best time to move because their children are on a holiday break, which would likely have less impact to their children.
Winter charm. During the winter, a well-staged home with shrubs lightly covered in snow, and a crackling fireplace looks more attractive to the buyer. Houses look homier and warmer if well-staged during the cold months. In short, there’s a higher chance of selling a property during the holidays that is prepared well and a great asking price.
Must be show-ready. With all the parties happening during these busy holiday period, it can be challenging to keep your home show-ready all the time.
Less buyers. With the snow and the busy streets, it takes a lot more energy to come for a showing in 4 layers of jackets and boots so expect few walk-ins compare to the influx of the summer months.
Be easy on the decoration. If you like to decorate for the holidays, you might want to simplify, adding seasonal winter decor instead of heavy holiday decor.
What’s our best advice? The decision will actually depend on the readiness of the seller. If you are firm on your decision to sell, then by all means go list your home. But, if you’re half-hearted, it’s best to consult Real Estate experts (we work with the best in Kelowna) and explore all possible outcomes if you will decide to sell now.