The Pros and Cons of Selling Your Home During the Holidays

As you’re putting away the Thanksgiving turkey, your mind will likely wander to the coming weeks ahead. You’ll think about the gifts that need to be bought, the decorating that needs to be done, and, if you’re selling your home, what you should do about keeping your home on the market. Frankly, many homeowners wonder whether or not they should sell their home during the holiday season. While there is no single answer, there are certainly plenty of advantages and disadvantages of doing so.

The ProsThe Pros and Cons of Selling Your Home During the Holidays

Considering how busy the holiday season is for most families, few people are eager to sell their home during this time. Nevertheless, there are some key advantages to selling your home during the holiday season.

Serious buyers

If someone is spending their holiday season looking at homes, then they’re sure to be serious about buying one. In that respect, having more serious buyers looking at your home could increase the likelihood that it’s bought.

Job transfers

People are usually notified of a job transfer at the end of the year. This means that they’ll be looking for homes around this time as they won’t be able to wait till springtime to find one.

Tax benefits

If a home sale closes on or before December 31, then buyers can get significant tax deductions, further encouraging them to buy a home around this time.

The Cons

Selling your home during the holidays may mean that you’re dealing with more serious buyers who want to close on a deal sooner rather than later, but there are still some downsides to doing this.

It’s inconvenient

Perhaps the biggest con towards selling your home during the holidays is the inconvenience. Between buying presents and throwing holiday parties, you just won’t have as much time to keep your house clean and ready for showings. It can be especially annoying to any out-of-town guests you may be having in your home.

There are less buyers

While the buyers may be more serious, there’s also less of them looking at your home. This may or may not hurt your chances of selling. It entirely depends on whether your home fits the needs of these serious buyers.

Your home will be considered an old listing

If your house doesn’t sell during December, then that’s more time it’s spent on the market which means you’ll be drawing less traffic. By taking your house off the market temporarily, however, it can return as a new listing in January which can garner increased interest.

Whether you plan on selling your home this holiday season or want to wait until January, be sure to contact Dan Senecal to see how he can help put your home on the market.

Leave a reply