Is there a Holiday rush for Homes this year?
Home owners may be doubtful that the months of November and
December will bring about a home sale. After all, aren’t potential buyers sidetracked
with the holidays and likelier to postpone their house hunt due to bad weather
and shorter days?
But sometimes the “off-peak” time to sell can actually be
the perfect moment for sellers. Several studies show that, on average, homes
listed in November and December are more likely to sell, sell more quickly, and
more closely approach the asking price, according to an article at Forbes.com.
A 2011 study conducted by realtor.com® found that 60 percent
of real estate professionals advise their sellers to list a home during the
holidays because they believe it’s an opportune time to sell.
Nearly 80 percent
of the real estate professionals surveyed said that more serious buyers emerge
during the holidays, and 61 percent say less competition from other properties makes
it an ideal time to sell.
Thanksgiving is particularly good, the article notes. Buyers
may have held out through the busy summer months hoping to find a better deal,
but now they may be searching with increased urgency. Some buyers may be
motivated to close before the end of the year for tax purposes. They can
purchase a home late in the year to deduct home purchase costs on their taxes,
such as points, interest, and property taxes. Also, certain sellers who sold
their homes during the summer season may be facing a capital gains tax. They
may be highly motivated to buy in November to avoid paying capital gains tax
(since closing on the purchase of another house is required within 180 days)
Author:Josh Zehnder Phone: 937-219-4870 Dated: November 17th 2014 Views: 567 About Josh: My commitment is to the Greater Dayton & Cincinnati areas. I have over 15 years of experience in the...
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About Berkshire Hathaway HomeServices Professional Realty
The Zehnder Group provides exceptional, experienced and trusted real estate support to local families in the Miami Valley. We are backed by the Berkshire Hathaway HomeServices brand. Whether buying a new home or selling your existing one, our quality expert staff is prepared to help you accomplish your real estate goals. Total customer satisfaction is our mission. The Zehnder Group, Experience Real Estate Excellence.
Here are four reasons to consider buying today instead of waiting.1. P
"Don helped me and my wife Carolyn successfully sell our home. Don worked diligently to sell our house. The selling process occurred during the weak time of real estate marketing. His efforts were continuous and we found him devoting extra effort and going out of his way to promote our property. He kept himself readily available to contact by responding quickly when called. We greatly appreciated his excellent service"