It’s that time of year again, when the market starts to slow for the holiday season. This year has been volatile to say the least, and I am sure by New Year’s Eve, most of us will be celebrating the end of 2020. In times of uncertainty, the market becomes unpredictable and this year has been no exception. October saw historically high sales numbers in Victoria. The fall is usually quite busy, but never to the extent of this year. What does this mean for the winter holiday market? Generally this time of year I plan on putting my feet up in front of the fire with a warm cup of hot chocolate. However, I do not think that will be possible to the same extent this year, with large numbers of determined buyers picking from a limited supply. If you are wondering how to take advantage of this market, I have provided a list below of the pros for listing your house over the holidays.
- Serious buyers have few houses to choose from during the holidays, and less competition means more money for you!
- People who look for a home during the holidays are generally more serious buyers
- Houses show better when decorated for the holidays, evoke a lot of love and emotion
- Since the supply of listings will dramatically increase in January, there will be less demand for your specific home. Less demand means less money for you.
- You can sell now for more money. We can certainly provide an option for a delayed closing or extended occupancy until early next year
- Buyers are more emotional during the holidays. So they are more likely to pay your price
- Some people must buy before the end of the year for tax reasons
- Buyers have more time to look for a home during the holidays than they do during the workweek
- January is traditionally the month for employees to begin new jobs. Since transfers can’t wait until the spring to buy, your house must be on the market now!
- Your house can still be on the market, but you’ll have the flexibility to limit showings during the six for seven days during the holidays.
