Why Selling Your Home in the Off-Season is a Great Idea
by Rick Delgado
on Thursday, November 20th, 2014 at 7:56am.
Have you ever though of selling your home in the off-season? Many home owners avoid listing their homes in the winter for fear that they will never sell. Well think again! Many studies have shown that selling a home during the off-season is beneficial. In fact, they are MORE likely to sell during the holiday season compared to the rest of the year. Here are some reasons why listing your home in the fall may be ideal for you.
This is a big key word for many sellers and buyers. Traditionally, homebuyers with families would purchase homes in the summer in order to have the kids moved in time for the start of the school year. Nowadays more home buyers are single, and do not have kids and may just come by your home. In many cases fall homebuyers are in search of a deal, having held out during the busy summer season for a bargain. For this reason, they are more likely to come across your home during a winter real estate market.
Little to No Competition
When you purchase a home in the fall months, there is less competition. In this kind of market, it's not uncommon to have one buyer come through, make an offer and then purchase the home soon after. The entire process happens smoothly and and generally takes less time as a result. Many people choose to take their homes off the market during this time. So if you leave yours listed, that means less selection for them, and more potential buyers at your doorstep.
Real Estate Tax Benefits
Buyers in search of tax breaks may decide to purchase a home at the end of the year. This means that they can lower their taxes, get a home, and bask in the efficiency of finding one. Also, if they sold their home in the summer months and are now looking for a home in the fall months, they can avoid certain capital gains taxes from being an investor and living in the home for two years or less.