If you ask a real estate agent, “Should I keep my home on the market over the holidays?” an agent will tell you, “Yes, absolutely, because then you know buyers are serious.”
You know what I think about that? I’ll cut to the chase. It’s rubbish advice. If you don’t have to sell between late-December and February, take your home off of the market.
Why Your Home Should Be Off the Market Over the Holidays
· Buyers will think you are desperate.
· It’s inconvenient to always be ready to show at a moment’s notice.
· The offers you receive will likely be for less than list price.
· You’re appealing to a much smaller inventory of buyers who have very specific needs that your home might not match.
· It’s almost impossible to close a transaction in December if the offer is received mid-month. Buyers who want to close in January make offers in January.
· If you remove your home from the market, it can go back as a new listing in January, thereby drawing more traffic because it’s fresh.
· Your agent might be on holidays in December and unavailable.
Some sellers insist on leaving their homes on the market, regardless. The deciding factors depend on local custom, on what neighbors are doing and how real estate activity is viewed by others during the holiday season in your area. Every city is different.
Still, less stock on the market over the holidays means less competition. However, when the pool of buyers drops, the remaining balance of stock might not make much difference. In parts of the country where its really hot, buyers think twice about leaving their home to trudge through your property when they’d rather be out in a cool shopping centre or staying at home in front of the airconditioner.
If You Leave Your Home on the Market
Should you put out the fantastic plastic Christmas trees and the gold and silver bells on the walls? What about hanging a wreath on your door or showcasing a Christmas tree in front of a window? What’s overdoing it? What’s not?
People carry biases and prejudices with them. Why give them more information than they need to know about you? By not decorating, you are keeping people’s imagination active during home showings. You are also making your home feel more spacious without blocking pathways. When buyers enter your home, you want them to imagine putting their own furniture in each room, making it theirs, and they can’t do that if your holiday decorations dominate the stage.
Holiday Decorating Compromises for Stubborn Sellers
If you discard advice not to decorate and do it anyway, at least keep the decorations to a minimum. Don’t block or cover up important selling features such as fireplace mantels, stairs, stained-glass windows.
· Tone down the size of tree. In place of a 10-foot tree, try decorating a table-top, four-foot version.
· Stack wrapped presents in a closet or in one corner.
· Use more splashes of red than green because red is an emotionally appealing color.
· Resist the urge to hang banners and use greenery instead.
· Display centerpieces made from pine cones or other wintry pieces of nature.
· Never leave candles burning unattended.
· Set a plate of biscuits on the counter, next to festive paper napkins for guests.
(Source: Elizabeth Weintraub)
By Staff
If you ask a real estate agent, “Should I keep my home on the market over the holidays?” an agent will tell you, “Yes, absolutely, because then you know buyers are serious.”
You know what I think about that? I’ll cut to the chase. It’s rubbish advice. If you don’t have to sell between late-December and February, take your home off of the market.
Why Your Home Should Be Off the Market Over the Holidays
· Buyers will think you are desperate.
· It’s inconvenient to always be ready to show at a moment’s notice.
· The offers you receive will likely be for less than list price.
· You’re appealing to a much smaller inventory of buyers who have very specific needs that your home might not match.
· It’s almost impossible to close a transaction in December if the offer is received mid-month. Buyers who want to close in January make offers in January.
· If you remove your home from the market, it can go back as a new listing in January, thereby drawing more traffic because it’s fresh.
· Your agent might be on holidays in December and unavailable.
Some sellers insist on leaving their homes on the market, regardless. The deciding factors depend on local custom, on what neighbors are doing and how real estate activity is viewed by others during the holiday season in your area. Every city is different.
Still, less stock on the market over the holidays means less competition. However, when the pool of buyers drops, the remaining balance of stock might not make much difference. In parts of the country where its really hot, buyers think twice about leaving their home to trudge through your property when they’d rather be out in a cool shopping centre or staying at home in front of the air conditioner. If You Leave Your Home on the Market
Should you put out the fantastic plastic Christmas trees and the gold and silver bells on the walls? What about hanging a wreath on your door or showcasing a Christmas tree in front of a window? What’s overdoing it? What’s not?People carry biases and prejudices with them. Why give them more information than they need to know about you? By not decorating, you are keeping people’s imagination active during home showings. You are also making your home feel more spacious without blocking pathways. When buyers enter your home, you want them to imagine putting their own furniture in each room, making it theirs, and they can’t do that if your holiday decorations dominate the stage.
Holiday Decorating Compromises for Stubborn Sellers
If you discard advice not to decorate and do it anyway, at least keep the decorations to a minimum. Don’t block or cover up important selling features such as fireplace mantels, stairs, stained-glass windows.
· Tone down the size of tree. In place of a 10-foot tree, try decorating a table-top, four-foot version.
· Stack wrapped presents in a closet or in one corner.
· Use more splashes of red than green because red is an emotionally appealing color.
· Resist the urge to hang banners and use greenery instead.
· Display centerpieces made from pine cones or other wintry pieces of nature.
· Never leave candles burning unattended.
· Set a plate of biscuits on the counter, next to festive paper napkins for guests.
(By: Staff, 8 Dec 2010)
