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Why It Makes Sense to Sell Your House This Holiday Season

December 10, 2020 By Tami Savage

Why It Makes Sense to Sell Your House This Holiday Season

If you’re one of the many homeowners thinking about taking your house off the market for the holidays, hang on. You definitely don’t want to miss the great selling opportunity you have right now. Here’s why this month is the optimal time to make sure your house is available for holiday buyers.

The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale has dropped to an astonishing all-time low. It now sits at a 2.5-month supply at the current sales pace.

Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market, in which there are enough homes available for active buyers (See graph below):

The impact of monthly housing inventory on home prices. less than 6 months = sellers' market (home prices will appreciate). between 6-7 months = neutral market (home pricess will only appreciate with inflation). more than 7 months = buyers' market (home prices will depreciate).

When the supply of houses for sale is as low as it is today, it’s much harder for buyers to find homes to purchase. This means competition among purchasers rises and more bidding wars take place, making it essential for buyers to submit very attractive offers.

As this happens, prices rise and sellers are in the best position to negotiate deals that meet their ideal terms. So, if your neighbors decide to remove their listings this season, your house may quickly rise to the top of a holiday buyer’s wish list if you stay on the market.

Today, there are many buyers who are ready, willing, and able to purchase. Record-low mortgage rates and a year filled with unique changes have prompted buyers to think differently about where they live and to take action. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house.

Bottom Line

Home prices are appreciating in today’s sellers’ market. Making your home available over the next few weeks will give you the most exposure to buyers who will be actively competing against each other to purchase it.

Tagged With: For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Selling Myths

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About Me

I help homeowners sell their existing home and shift into a home more suitable to their needs in the North Metro Atlanta area (specifically around Cumming, Canton, & Milton). Read More…

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If you're following the news, you might be wondering what could happen to the housing market if there's a recession. Let's connect to discuss why history shows a recession doesn't equal a housing crisis.

SOURCES: 
• https://www.corelogic.com/intelligence/corelogic-hpi-posted-record-year-over-year-growth-in-2021/
• https://www.corelogic.com/intelligence/housing-recessions-and-recoveries/
• https://www.thebalance.com/the-history-of-recessions-in-the-united-states-3306011
A Recession Doesn't Equal a Housing Crisis
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Buyers already know higher mortgage rates can increase their monthly payment.

But sellers might be surprised to learn rising rates could impact them, as well.

Watch the video to find out what you should consider if you’ve been waiting to sell your home.

Then contact us today to schedule a free consultation. Whether you want to buy or sell this year, act fast…before rates rise even further!

📲 770-744-2524
☎️ 888-959-9461 x2543
📩  tami@tamisavage.com
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Go here to request:  https://tamisavage.com/new-summer-2022-buyer-and-seller-guides-are-here/
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Want to better understand how buying a home could be a great investment for you? Let’s connect today.

SOURCE:
• https://news.gallup.com/poll/392330/record-low-say-good-time-buy-house.aspx
More Americans Choose Real Estate as the Best Long Term Investment
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Thinking of Moving Up This Summer?

Here are some features you may want on your wishlist:
• Outdoor entertaining space
• A swimming pool to make a splash
• A quiet place to relax and unwind

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Thinking of Moving Up This Summer
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If you're thinking of buying or selling a home this year, it's important to know where the market is headed and what that means for you. Let's connect so you have the latest expert insights to help plan your next move.

SOURCES: 
• https://www.mba.org/docs/default-source/research-and-forecasts/forecasts/mortgage-finance-forecast-apr-2022.pdf
https://cdn.nar.realtor/sites/default/files/documents/forecast-q2-2022-us-economic-outlook-04-27-2022.pdf
• https://www.fanniemae.com/media/43346/display
• https://www.freddiemac.com/research/forecast/20220418-quarterly-forecast-purchase-market-will-remain-solid-even-mortgage-rates-rise
• https://pulsenomics.com/surveys/#home-price-expectations
• https://www.corelogic.com/intelligence/u-s-home-price-insights/
• https://www.zelmanassociates.com/
• https://www.marketwatch.com/story/the-pandemic-boom-in-home-sales-is-over-mortgage-rates-soar-to-highest-level-since-2009-as-the-fed-pressures-the-housing-market-11651760108
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There are a number of good reasons you may want to sell your house right now. Let's connect so you have an expert on your side to help you during the process.

SOURCES: 
https://www.reuters.com/business/finance/why-time-is-right-sell-home-us-2022-03-29/ https://www.businessinsider.com/signs-you-should-sell-your-home-2019-7#lifestyle-shifts-are-compelling-you-to-rethink-your-living-space-2
https://blog.firstam.com/economics/why-the-2022-housing-market-is-very-2019
Top Signs Its Time To Sell According to Experts
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More sellers are expected to list their houses in the months ahead. Let's connect so you have a trusted real estate advisor on your side and can act when your dream home comes to market.

SOURCES: 
https://news.move.com/2022-04-06-New-Realtor-com-R-Survey-Finds-64-of-2022-Sellers-Plan-to-List-by-Summers-End
https://cdn.nar.realtor/sites/default/files/documents/ehs-03-2022-overview-2022-04-20.pdf
Homebuyers You May Have More Options
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Right now, the average home for sale is getting more offers than in recent years. Let's connect so we can discuss how you can win when you make a move in today's housing market.

SOURCE: 
https://cdn.nar.realtor/sites/default/files/documents/2022-03-realtors-confidence-index-04-20-2022.pdf
Buyers Are Lining Up To Make an Offer in Todays Housing Market
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