By SARAH KNAUER | Special to the Palisadian-Post
With the holidays quickly approaching, many homeowners thinking of selling often debate whether to list right away or wait until the spring.
Of course, the holidays are a busy time for everyone, with extra cooking and company, is it really worth adding on the stress of showings, open houses and moving?
Well today I am discussing the reasons why listing during the holidays may in fact be the better way to go.
During the holidays, there is often less competition, meaning fewer homes on the market. In addition, the most serious buyers will continue to look over the holidays, which may save you time showing your home to buyers who may not be ready to purchase right away.
Statistically, the rate of appreciation is slowing, which is a good indication that we are reaching the peak of the market. For example, in 2017 the median and average sold prices for single-family homes in the Palisades rose 13 percent and 12 percent, respectively, while in 2018, they have risen only 6 percent and 9 percent.
There are some easy ways to alleviate the stress of listing your home during the holidays. First, you can ask for a seller leaseback, which allows you to continue living in your home after escrow closes, enjoy the holidays and then focus on moving when you are ready.
Sellers who leaseback may pay a lower than market rent, usually the Buyer’s PITI, or even negotiate to pay nothing at all. Restricting showings and limiting open houses to comfortable times are also perfectly acceptable.
Buyers that are serious about a home will rearrange their schedules for a showing if needed.
Sarah Knauer is a sales partner at Amalfi Estates that has sold close to $1 billion in properties and was selected by The WSJ as one of the top 100 teams in the country out of one million agents. Sarah can be reached on her cell at 310-663-4606. For more information, visit amalfiestates.com.
This page is available to subscribers. Click here to sign in or get access.
