Is Your Los Angeles or Beverly Hills House at the Top of a Buyer’s Wishlist this Holiday Season?
Is Your Los Angeles or Beverly Hills House at the Top of a Buyer's Wishlist this Holiday Season? | Christophe Choo at Coldwell Banker Global Luxury is Your Local Real Estate Expert.
Every year around this time, homeowners who are contemplating a move face a significant decision: should they sell now or wait until after the holidays? Some sellers, particularly those with homes already listed, may even consider temporarily taking their listings off the market until the new year.
However, the reality is that many buyers actively seek to purchase a home during the holiday season, and your Los Angeles or Beverly Hills house could be precisely what they're looking for. As a recent article from Fortune Builders explains:
"While a majority of people take a step back from the real estate market during the holiday months, you may find when the temperature drops, your potential for a great real estate deal starts to rise."
To substantiate this point, let's explore four compelling reasons why you shouldn't wait to sell your Los Angeles or Beverly Hills home:
- Desire for Homeownership Persists: The desire to own a home doesn't wane during the holidays. While some prospective buyers might postpone their moving plans until January, others may find themselves needing to relocate promptly due to significant life changes. Those actively searching for homes during this season are often highly motivated and eager to make a purchase. As Investopedia notes:
"Anyone shopping for a new home between Thanksgiving and New Year's is likely going to be a serious buyer. Putting your home on the market at this time of year and attracting a serious buyer can often result in a quicker sale."
- Limited Inventory: Although there has been a slight increase in the supply of homes for sale recently, overall inventory remains lower than it was before the pandemic. What does this mean for you as a seller? If you work with a knowledgeable real estate agent to price your Los Angeles or Beverly Hills home correctly, it could sell rapidly. Today's buyers are hungry for more options, and your property may precisely fit their criteria.
- Convenient Showings: Selling your home during the holidays provides you with the flexibility to determine the most convenient days and times for home showings. This can help minimize disruptions to your own schedule, which is particularly valuable during the busy holiday season. Moreover, potential buyers may have more flexibility in touring homes during this period, given that they often have time off work.
- Holiday Decor Appeal: Homes adorned with holiday decorations can be particularly appealing to many buyers. For these individuals, it becomes effortless to envision themselves gathering with loved ones in the house and creating their cherished holiday memories. An important tip from experts selling at this time of year is to ensure that decorations accentuate rather than overwhelm a room – less is often more in this regard.
In conclusion, there are numerous compelling reasons to consider putting your Los Angeles or Beverly Hills house on the market during the holiday season. If you're contemplating a sale, it's a great time to connect with a trusted real estate professional who can provide you with personalized guidance and help determine if now is the right moment for you to sell.
Call Christophe Choo at (310) 777-6342 to tour your future home "HERE" or click "HERE" to estimate your home value.