Friday, November 23, 2007

Real Estate During the Holiday Season

The time between the Thanksgiving holiday and New Years is traditionally a very slow time for the real estate market. Face it, people usually have other things on their mind than buying or selling a house. Does that mean it is better to wait till the first of the year to put your house on the market or start house shopping? Maybe not!

Today, the day after Thanksgiving 2007, there are 6,275 single family houses in the Rochester area multiple listing service. Since families are generally pretty busy this time of year with cleaning, cooking, shopping, visiting, decorating, entertaining and other holiday activities, I would guess that many of the above mentioned home sellers must be pretty motivated to sell if they have their house on the market this time of year. Motivated sellers generally equals a good deal for buyers.

Another reason to consider either buying or selling a house during the holiday season is a lot less competition. Sellers may ask a little more for their property if they are the only ten-year old, 4 bedroom, 2 bath ranch currently on the market in their neighborhood. And buyers don't need a break-neck speed to be the first in the door that often comes with the spring housing market.

So if you are considering a move, don't automaticly decide to wait till spring or the first of the year!
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