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Carol Eisenstein's Blog

By - Carol Eisenstein - | Agent in Livingston, NJ

Should I take my home off the market during the holidays?


Should I Take My Home Off The Market During The Holidays?

When you look at your holiday calendars you may find the months already overloaded with seasonal obligations -- shopping, entertaining, children's pageants, charity work, decorating the house, and so much more. If you are also trying to sell your home, you are under extra pressure to keep your home in "showtime" condition. And that could be the last thing you need before the holiday spirit is broken.

It is understandable why you would be tempted to take your home off the market during the holidays. And the list of justifications is long. If you are too busy, buyers may be also, and you may find your efforts unrewarded by enough showings. And what if you do get an offer? You may be faced with the possibility of packing and moving during the busiest time of the year. Besides, you can give your house a rest, and it will have better momentum after the holidays. Better to just pack it in and start fresh in January, right?

But wait! Taking your home off the market during the Christmas season is a mistake. The house  isn't going to sell off the market! What is the advantage of that? So you're busy. Let your Realtor do the work. You can leave in the morning, go to work, go shopping, and let your Realtor take care of things.

Most people take off work sometime during the season. The husband and wife are both off and want to see houses. Buyers have more time, and they can look at homes together.

Before you take your home off the market, consider the following points:

  • Although buyer activity may appear to slow down, the buyers who are actively looking during the holidays are that much more serious.The home market is no more affected at Christmas than during other "busy" period. If that were so, the market would shut down throughout the year as families concentrate on spring weddings, June graduations, summer vacations, and autumn back-to-school activities.

  • Many buyers deliberately choose to shop for a home after the busy spring and summer rush. They know that it will be easier to look, and that negotiations will be less stressful. They may not have children, or they may have grown children, so moving to accommodate the school year isn't a consideration. Finding the right home at the right price, however, is.

  • Relocating families often don't have a choice in when they can leave for their new destination. Although 68 percent of transferring families have children, many families have to transfer during the middle of the school year. These families are that much more motivated to get their families settled in before either before the January semester begins, or to arrange for the move during spring break in March. If you sign a contract by New Year's Eve, the timing couldn't be more perfect.

  • At Christmastime, our culture focuses on family and the home. Preparing for the indoor activities of winter is one of the most enjoyable periods of family life. Allowing buyers to view your home during this most hospitable of seasons lets them better picture their own family life in the attractive environment you have created.

  • When is your home ever more beautiful and inviting? You have cleaned and decorated, and your home looks like a picture postcard. If the results are good enough for family and friends, they will surely be good enough to impress your buyers. Get the family team on board to do a five-minute blitz pick-up every morning to keep holiday messes to a minimum.

  • With reduced inventories and motivated buyers, you will have all the members of the MLS on your team. You may find you have more showings than you would if your marketed your home during a busier time of the year.

  • If you do get a contract, you can arrange the terms to suit your needs. If moving during the holidays isn't an option, you can put in the closing date of your choice. Possession and closings are are very negotiable.

Happy Holidays to All! May you have Health, Happiness and Love.

Comments

By Helen Oliveri,  Sun Dec 4 2011, 10:44
Great blog!
By Carol Faaland-Kronmaier, (908) 574-9483,  Thu Dec 8 2011, 13:36
This is a very popular question this time of year! You make many good points on why a seller can benefit to have their house listed during these holiday months.
By Carri Schoeller ABR e-PRO,  Thu Dec 8 2011, 15:39
I agree with everything you said. Just make a stipulation that you cannot move until first or second wk of Jan. so you don't stress yourself out. But you get that buyer that loves your home and wants it all wrapped up! (no pun intended)
By Gigi Finan, ABR, GRI, SRES, CDPE,  Thu Dec 8 2011, 17:17
Absolutely, it is the best time of year the serious buyers and sellers are looking to make a deal.
By Teicia Walker,  Thu Dec 8 2011, 18:25
I agree the holiday season brings not only joy, but many buyers to the table.
By Irv Johnson,  Thu Dec 8 2011, 18:53
I was wondering about that same question. Great blog!
By Albert Elhage, TX Licensed,  Thu Dec 8 2011, 20:40
Even though we have less buyers during the holiday season, a larger percentage of them are seriouse buyers and will buy in less time than spring and summer buyers.
By Suzanne Nance,  Thu Dec 8 2011, 21:02
I have shown one of my listings 3 times in less than a week and it looked even better because it was decorated for the holidays. The buyers seemed more energized and "at home" because it was so festive. It was a very positive experience and helps the buyers to better imagine themselves celebrating the holidays in a new home!
By Deborah Griffin,  Fri Dec 9 2011, 05:59
I have found it is actually the best time of the year. Buyers who are touring homes in the snow and cold are pretty serious about purchasing a home.
By Tai Savet,  Fri Dec 9 2011, 08:30
Yes, You should take your home off the market till the first week of Jan.
By Michelle J. Drum,  Fri Dec 9 2011, 13:36
Great comments. I usually leave the house on during the winter until the weather gets bad and then, if the seller is in no rush, take it off until the weather improves.
By Manisha Jain, Broker, Realtor,  Sat Dec 10 2011, 07:32
good blog. I see several of my clients leaning towards taking home off the market during holiday season. It makes lots of sense.
By Cassandra Dennis,  Sun Dec 11 2011, 06:55
This is an informative blog. Many Seller's often fight with this question and you have provided great insight for them.
Any appointment this time of year(next 30 days) is usually a very serious Buyer!
By Bob Davis,  Sun Dec 11 2011, 09:18
I always advise my clients to keep their home on the market during the holidays for the very reason that the buyers whome are out looking at homes during this time of year are that much more serious and are more likely to make offers on homes.
By Anne Miller,  Sun Dec 11 2011, 09:53
Our office has picked up in sales in November & December. Many people wanting to entertain in their new
homes and smart to realize that the interest rates starting at 3 1/2%, and the many wonderful
homes on the market at great prices. They know that this is the perfect time while they are looking
for a perfect home at a great price, others are shopping for the holidays.

The smart buyers also realize that after the holiday there may be more competition of people buying and it is predicted that mortgage rates will be going up. For sellers, when the mortgage rate goes up, will your price go down? Will more houses on the market in January give you a better price? Maybe not.

If you are selling and buying what difference does it make?...You are selling low and buying in a low price
market ...remember when you sold high 5-6 years also, and had to pay a lot more money for your
present house?...same difference.

Keeping your house on the market for the holidays could be a personal thing..You want to get out from
this large monthly payment?...You need to sell this empty house, heat, taxes & liability are good reasons
for keeping it on the market...

Please feel free to call me if you just want to talk about this or any other real estate matter.

Anne
Anne Miller Real Estate
860-647-8000
By Maureen Petersen,  Sun Dec 11 2011, 10:05
This is an informative blog and hopefully clients take this information to heart. You bring up great points and I feel as if most buyers can get a better deal purchasing at this time of the year as well as sellers receiving serious offers.

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