Capitalizing on the Upsurge in Holiday Mortgage and Credit Uptake to Sell Your House
There has been a general assumption that spring and summer are the opportune seasons to sell your home. While it is true that the warmer months attract buyers for new home purchases, the history of mortgage interest rates also reveals that during these seasons, the cost of mortgages is very high.
Over time, a trend has started developing where some serious home buyers are slowly shifting their house hunting efforts to the holiday season. This is precisely why you need to seize the opportunity and sell your home this holiday.
Low Competition
Many homeowners both new and existing, target the beginning of the year to put up their homes for sale. This is fueled partly by the belief that their properties will fetch the best possible prices during this hot selling season. If you have been keen to analyze how mortgage interest rates move, you will realize that the holiday season has some of the lowest rate mortgages. This means you can jump the competition and target the holiday season home buyers to sell off your house at a competitive price. During this time, the house inventory is also low making it relatively easy for you to sell your property.
Serious and Motivated Buyers
Most holiday home buyers are serious people who even allocate time out of their busy programs to shop for a house. This means that the chances of you closing a sale over this season are very high. Some of these potential buyers anticipate year-end bonuses that will finance their down payments while others have secured mortgages which have bi-weekly mortgage payments and as such they want to quickly get a house and start enjoying the benefits. Whatever the case, these buyers are motivated and have set aside all their holiday to-do-lists so as to shop for a home.
Your Home is Spruced Up
Emotional buying accounts for a huge percentage of home sales every year. You can take advantage of this by decorating your home to look its best over the holidays. The cozy and cheery look can be the charm that attracts prospects that may end up buying your home. Bearing in mind how mortgage interest rates move, most home buyers would want to purchase their dream homes over the holidays so as to avoid the rush of spring and summer. Ensure the decorations enhance the strong features of your home and gives it an aesthetic appeal.
Home buyers understand what is mortgage insurance and the cost that comes with it. To lessen their burden, they prefer getting a home quickly so that they can start repaying their mortgages. This means a quick home sale for you at a competitive price!