We all know the biggest shopping day of the year is the day after Thanksgiving. I’m no stranger to Black Friday deals and lines. I do believe that when great opportunities come along, I must pursue them. The same is true for most of us. We like to invest wisely.
Well, the same can be said about the housing market this time of year. Now is a great time to buy or sell. Generally around the holidays and winter months, real estate sales are down; however, I’m finding that in my neck of the woods, our real estate market in and around Raleigh, NC is remaining steady.
If you’re considering to put your house on the market, now is a great time. Buyers are still out there ready to invest. Also, inventory is down (less competition) so that elevates your chances of selling and getting more attention. Interest rates are low so buyers are looking to take advantage of great rates. Just like Black Friday deals, the holiday season is a prime time to market incentives on your listing, such as a home warranty, allowances, or closing cost assistance.
Just like there are incentives for sellers to sell, there are terrific opportunities for buyers still. Interest rates – I cannot stress how low they are!! Interest rates for me are incentive enough! But there’s more that I would like to mention. When considering buying versus renting, buying is the better way to go in most instances because the price of rentals are rising. Also, I’m seeing great incentives for buyers from sellers – allowances, closing cost assistance, home warranty, upgrades, just to name a few. Moreover, new home construction sites are offering cash and prizes as incentives to agents and their buyers for investments before the end of the year.
As with retail sales, real estate has incentives as well during this time of year! Fortunately enough, the housing market offers excellent opportunities not limited to just a day, but trends that have been consistent and will hold steady for the days and months ahead.