Buying & Selling Your Home During the Holidays | Buyer-Seller Tips


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You might soon notice your neighbors removing “For Sale” signs and replacing them with Christmas lights. Buyers and sellers often take a break over the holidays to recuperate for the new year. However, there are a number of reasons why being active during a winter slowdown can be beneficial.

As more properties become available in the spring, most buyers come out of hiding and begin their house quest. However, starting your property hunt during the holidays can provide you with more freedom – and possibilities.

Here are some reasons why buying now might be a good idea.

1. There is less competition.
If you’ve been discouraged by this summer’s bidding battles, the holidays might be the time for you. While buyer activity has been high for the majority of the year, thanks to historically low mortgage rates that make homebuying more accessible, traffic is expected to drop in the coming months. You’ll have more options because there will be fewer purchasers pounding on the doors of potential listings.

2. More time to look for a home.
Buyers have been obliged to act quickly because the market has been so on fire. Now you may relax and devote a bit more time to finding the ideal home with all of your desired features. Finish your Christmas shopping online and use your fall and winter vacation time to visit and narrow down a shortlist of your favorite homes.

3. Interest rates that are lower.
While many homebuyers anticipate to take a break over the holidays and resume their search in the spring, savvy purchasers, such as yourself, know that now is the best time to take advantage of historically low rates before they rise. Purchasing now rather than later might save you roughly $1,500 each year. It’s worth noting that December is widely regarded as the best month for finding a decent deal on a home.

4. Negotiation potential.
Negotiations have fallen by the wayside in this seller’s market. When you combine that with low inventory, it’s no surprise that sellers have got the upper hand. This disparity is expected to even out over the holidays. Because there are fewer active bidders, there are less feeding frenzys on available properties, and sellers may be more likely to bargain on price, contract terms, and closing date.

5. Tax breaks at the end of the year.
Another benefit for purchasers: end-of-year house purchases allow buyers to take advantage of a significant tax deduction. On principal properties, homeowners can deduct up to $750,000 in mortgage interest, as well as up to $10,000 in combined local, state, and property tax deductions. In some areas, other homeowner-friendly deductions, such as moving fees, may also apply.

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Spring is the season when most homes go on the market, prepping for the hustle and bustle of summer. Home sellers who stay on the market in the fall and winter — or newly list their properties — can often become a hot commodity.

Here are some major advantages you can expect when selling your home during the holidays.

1. There is significantly less competition.
Housing supply has been famously scarce. Despite this, buyer activity has remained robust since rates have remained so low, fostering unparalleled affordability. So, as a seller, what does this mean for you? Selling your house around the holidays, when inventory is even lower, thins out your competition tremendously. You’ll be the large fish in a small pond, with (many) more nibbles on your tail.

2. Buyers who are highly driven.
Due to low inventory, many homebuyers may act swiftly – and close quickly, which is to your benefit. Because the housing market is generally slower over the holidays, loan officers are more likely to approve and close qualified purchasers sooner. It’s much better if you reside somewhere with a warmer temperature. In the fall and winter, warm-weather markets like Phoenix and Miami are still hot sellers.

3. Realtors that are extremely motivated.
Your realtor may have the time — and the ingenuity — to make your listing stand out even more during the seasonal slowdown. When selling your property during the holidays, an agent who is working extra time may put more care into photography and staging, or they may give out freebies at a winter open house. If you haven’t found a realtor you like, ask your loan officer for a recommendation.

4. Interest rates that are lower.
Mortgage rates are still historically low, but they’re predicted to gradually rise by the end of the year. This presents a once-in-a-lifetime opportunity for homebuyers to save money by acting now rather than waiting until next year. Cheaper interest rates translate to lower monthly mortgage payments, which can tempt more buyers to buy, as well as benefit you when you sell and buy your next home.

5. More time to look for a home.
With time off from school and work, enthusiastic customers have more time on their hands. They’ll be pulled to your property not just by its winter wonderland-like curb appeal, complete with dazzling Christmas lights, but also by the time they’ll have to look at listings and attend holiday-themed open houses. Additionally, non-U.S. purchasers who do not adhere to the same calendar may be interested in purchasing.

6 Tips to Get Your Home “Photo-Ready”!

If you are looking to sell your home, it is important to put out the best photos of it for potential buyers to see online!  Check out these tips to get your home “photo-ready!” 

 

Tour Your House Like A Buyer 

 

Walk around your house like the potential buyer and try to take an outside look. Pick up around your house and pay attention to the small details that you might overlook on an everyday basis! 

 

Choose The Best Day and Time To Take Pictures 

 

Avoid those cloudy and rainy days, by planning to shoot your house on a bright sunny day! Take pictures inside your house when it’s light and bright out. Don’t wait till twilight or evening to take those pictures! 

 

Pick Up Around The House 

 

Remove things like excess furniture, knick-knacks and even the TV remote! Declutter your space to attract potential buyers. 

 

Avoid Odd Angles 

 

Keep your camera at chest height and straight on! Don’t go for those low or high angles that could distort the look of your home! 

 

Don’t Count On Editing 

 

Keep your house clean and shoot in the daylight. Don’t count on photoshop to edit out large details and messes in your home! 

 

Check Outside Curb Appeal 

 

Make sure the outside of your home looks nice! Mow the lawn, plant some flowers and trim those weeds! Curb appeal is everything in the potential sale of your home!

Prepare your home for the FALL market!

 

With the weather getting cooler and the leaves beginning to change, read below to learn how to prepare your home to sell in the fall! 

 

Analyze the Market and Price Your Home Right 

 

Decide if this is the right time to sell your home! Check with your local real estate experts for advice and help! 

 

Perform Inspections and Cleanings 

 

Check to make sure that applications like your HVAC system and furnace are properly working and ready for a potential buyer to move in!

 

Decorate For The Fall Season 

 

Interior/exterior decorating for fall, can go a long way in helping the potential buyer envision themselves living in your home. Buy some pumpkins or even a cute door decoration for your home, while avoiding things like blood and gore! 

 

Clean Up The Exterior

 

This can be as simple as raking leaves, weeding flower beds or cutting the lawn. Enhancing curb appeal, can show potential buyers that you care about the small details of your home! 

 

Prepare Your Home For Showings 

 

Embrace the fall season by burning a fall scented candle or even having pumpkin coffee brewing in your home. Make your home smell good with these fall scents!

Behind The Transformation | 24 Grand View Ave

 

Come discover how Covelle & Company can help you sell your property.  As a seasoned realtor and interior designer,  Erica Covelle can take a property from distressed to daring. Designing, styling, and staging spaces is an art that takes a listing to the next level. Above you will see the inspiration for our latest project and listing, 24 Grand View. Erica produces her own designs, creating a cost-efficient renovation for the client to catapult and cash in on their well-deserved equity.

 

Luckily, Erica Covelle was born with the gift of making interior settings look fantastic. It’s what she loves most about her job selling real estate.  This talent (along with her experience as a professional interior designer and realtor) sets her apart from all other agents. She transforms “what it is” to “what it can be” while building equity and setting the scene to achieve top dollar numbers! Intrigued? Buckle up — we’re taking you through the design process of some of our most revealing transformations!  

   

Here are some pictures before the home has been designed:

Here’s just a snippet of how we transformed this home:

Bathroom 

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New vanity and some matte black hardware make this bathroom shine! 

Living Room

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Hello chic modern decor.

Kitchen

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From drab to fab — with new hardware and designer light fixtures! 

Master Bedroom

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With brighter walls, less clutter, and a modern feel, this space really opened up.

Contact us today to hear more about our top agents offering an exclusive white-glove service. 

Thank you for looking at Designs By Erica.  Check out our Pinterest to get some awesome inspiration!


This Month’s #CoCoInspo | Something Blue

Something borrowed? Or just something Blue? This month’s CoCo inspo is all about being bold with Blue. Adding some color to your home can feel intimidating. With how fast trends move, you never want to feel like your space will become dated. We are here to tell you with the right color combinations, your home will remain classic. 

Blue has always been a classic when it comes to the world of design. What is so unique about blue is that each shade can say different things when it comes to your space. With all of the shades you can play with, you can bring a blue into any part of your home. Blue is considered suitable for your mind and body. When you see blue, you connect it to serenity and power. 

Take this custom millwork navy blue statement wall in 419 Broadway, Unit 4. This wall that runs through the living room and halls creates a theme of power and importance. When creating a statement wall, you want to pick a color that will WOW when you walk into the room. The darkness of the navy has that WOW factor while still looking clean and classic. 

There are so many other ways to use Blue. Use light blue for a more tranquil and calm feel, for example, using that in a bedroom or bathroom to create a sense of relaxation. Blue is here to stay. Be bold with your choices and pick a blue for your home. 

For more inspiration and design tips, check out our Instagram