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As the year winds down, you may be wondering if it’s the right time to sell your house. While it may be tempting to wait until after the holidays, there are five reasons why selling your house before the new year is a smart decision:
1. Get one step ahead of other sellers.
Typically, homeowners are less likely to list their houses towards the end of the year. This means you’ll have less competition from other sellers, which can help your home stand out and sell fasterm, contact me today.
2. Get in front of eager buyers.
Even though the supply of homes for sale is low, there are still buyers who need to move before the new year. These buyers are often highly motivated and ready to make a purchase, which means you’re more likely to get a good offer on your home.
3. Use your equity to fuel your move.
Homeowners today have record amounts of equity. This means you could potentially use your equity to cover some or all of the down payment on your next home.
4. Take advantage of tax benefits.
Selling your house before the end of the year can give you time to take advantage of certain tax benefits, such as the capital gains exclusion. This exclusion allows you to exclude up to $250,000 in capital gains from your taxable income ($500,000 if you’re married filing jointly).
5. Start the new year fresh.
Selling your house before the new year can give you a fresh start. You’ll be able to move into your new home and start the new year with a clean slate.
Tips for selling your house before the new year
If you’re considering selling your house before the new year, here are a few tips to help you get started:
- Price your home competitively. It’s important to price your home competitively in order to attract buyers. Work with a local real estate agent to determine the right price for your home.
- Make your home stand out. Make sure your home is clean, decluttered, and in good repair. You may also want to consider staging your home to make it more appealing to buyers.
- Market your home to the right buyers. Work with your real estate agent to market your home to potential buyers. This may involve listing your home on multiple listing services (MLSs), advertising in local newspapers and magazines, and holding open houses.
- Be prepared to negotiate. Be prepared to negotiate with buyers on the price of your home. It’s important to be flexible in order to close the deal.
Selling your house before the new year can be a smart decision for many homeowners. By following the tips above, you can increase your chances of selling your home quickly and for a good price.
