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Friday, November 09, 2007

Tips for Selling Your Home During the Holidays

Many people think it’s not a great time to sell a house during the holidays. One of the reasons is that everybody’s too busy shopping for gifts and food, and preparing family dinners. But real estate experts point out that home sellers should not be discouraged in putting their house on the market in the November and December.

Did you even know that homes for sale get the best exposure during the holiday season? So that means these last two months of the year are very ideal in selling a house as these are times when more new properties come into the market. This is despite the fact that February and March are the months that produce the biggest volume of home sales.

In determining the number of home sales in a year, the real estate sector usually uses an indicator that measures the percentage of sales against the total volume of new properties on the market. According to the industry’s analysis, the months of November and December have an indicator 75 percent higher than the other months. This means that they have the highest possible amount of sales in relation to the number of new homes on the market and this further translates to a bigger chance for exposure in the first month a property is listed on the market.

An explanation to this high potential for exposure is that there are fewer homes listed as “new on the market” during November and December. With less competition for sales, a home that gets listed during the holidays get more exposure compared to other months of the year. So, it’s really a misconception that selling a home during the holiday season won’t produce positive results.

Here are some things you can do to increase the chances of your home being bought during the closing months of the year.

Surely, you will be decorating your house with Christmas trimmings but make sure that the spirituality of your decors is neutral for potential buyers. Avoid too much decoration as well to maintain the focus of your house to its best features.

Some experts recommend not putting up Christmas trees and very large decorations that take up too much space. Remember that homebuyers are attracted to a spacious and well-organized place to live in.

When you have scheduled visits, it’s best that you turn off Christmas lights and other lighted decors so potential buyers can focus well on the property. Before that, ensure that you clean your front yard, porches and all rooms in the house by removing snow, leaves, trash bins and all types of clutter.

Should you be successful in selling your home and want to close the deal near a holiday, verify with your real estate agent, title company and lender about the necessary documents and funds. Normally, the verification process requires two business days before closing. Select a closing day as well in the middle of the week to give allowance for possible delays in the processing of the mortgage loan, insurance and title.

Again, it is not true that November and December are unproductive months in homeselling. If you are confident and prepared enough, there’s no reason why you can’t be successful in selling your residential property.

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