Client asks me if they should hold off listing their property until the first of the year or hold on until spring?
I told them that in the past holding off was a good strategy, but now with the internet and hectic lifestyles as well as supply and demand there’s a couple things to reconsider.
1) Access to the internet: Now with instant, ubiquitous access to the internet, buyers can keep looking even during the busy holiday schedule.
2) Lighter inventory: Despite our easy access to the internet, there’s still a lingering perception that the end of the year is not a good time to sell. The truth is, serious buyers will continue monitoring the market , wishing there were more properties available.
3) Start of a new year: There’s something about the beginning of a new year that gets people fired up. Maybe it’s due to the end of the year tax planning where they see how much they owe and how much owning a home could help bring in a larger tax return. It could be because of a New Year’s resolution to stop throwing money away on rent or possibly time to invest in rental properties.
Whatever the motivation, there can be an increase in demand at a time when inventory is traditionally low which can result in less competition from other sellers.
Happy Holidays!
Chris
I told them that in the past holding off was a good strategy, but now with the internet and hectic lifestyles as well as supply and demand there’s a couple things to reconsider.
1) Access to the internet: Now with instant, ubiquitous access to the internet, buyers can keep looking even during the busy holiday schedule.
2) Lighter inventory: Despite our easy access to the internet, there’s still a lingering perception that the end of the year is not a good time to sell. The truth is, serious buyers will continue monitoring the market , wishing there were more properties available.
3) Start of a new year: There’s something about the beginning of a new year that gets people fired up. Maybe it’s due to the end of the year tax planning where they see how much they owe and how much owning a home could help bring in a larger tax return. It could be because of a New Year’s resolution to stop throwing money away on rent or possibly time to invest in rental properties.
Whatever the motivation, there can be an increase in demand at a time when inventory is traditionally low which can result in less competition from other sellers.
Happy Holidays!
Chris
