The Batsalkin Group Video eNewsletter Sign Up
Sign up to Get FREE Los Angeles
Real Estate Video Updates 2x's a Month
Enter Your Email Address to Get Instant Updates...No Spam. Ever
Wednesday, December 11, 2013
My name is Danny Batsalkin with Keller Williams Luxury International and welcome to my video blog! Are you wondering if the holiday season is a good time to sell your home, or is better to wait until next year? The holiday season is a great time to sell your home; you have the opportunity to make more money selling your home during the holiday season then waiting until next year. The reason being relates to the fundamental driving force of real estate, supply and demand. Everyone is familiar with supply and demand, so let me share with you how it relates to real estate during the holiday season.
During the holidays, supply is typically low and the reason being most sellers are waiting until January, February and March to sell. People tend to avoid seller during the holidays due to hectic schedules, family events and don’t want to deal with the hassle, causing supply to stay fairly low. As for demand, which data supports, there are a lot of buyers out in the marketplace during the holiday season. Also, the buyers who are in the market at this time of year are serious buyers with the reason being if people are taking time away from their families to look at homes, they are serious buyers. The supply and demand data does reflect that demand does rise during the holiday reason and tapers at the beginning of the year.
Another factor that can’t be measured by data is the emotion of the buyers; real estate transactions are an emotional experience. Buyers in the holiday season are in a better mood, home show better during the holidays because they’re decorated (along with neighborhoods) and buyers are more inclined to make an aggressive offer. Our own experience shows this to be true; for example, a week and half ago we listed a four unit property in Los Angeles and seller was questioning whether to sell now or wait until next year. After being on the market for only six days, we received multiple offers and the property sold over asking price.
The holiday season is a great time to sell your home; you may get more money by doing it now. If you’re interested in the price of your home, we provide a free instant home evaluation report. We also offer a more in depth look into what your home is worth and it is just a phone call or email away. Thanks and happy holidays!