Selling during the holiday's

Brandon Scott is a Sherwood Park & Edmonton based mortgage consultant and the author of a weekly column entitled Real Estate Solutions in the Sherwood Park News. This article was originally published on December 14, 2012 Placing your home on the market to sell is never easy. Perhaps there are a few small repairs that need to be done first or a real property report that needs to be obtained, among a list of many other possibilities.  Add in some snow, the month of December, Christmas, and New Year celebration and you may wonder if keeping your house listed is even worth it?  Sure many people are preoccupied with a variety of holiday parties, family obligations and other activities but it does not mean you should lose hope that a buyer is just around the corner. Here’s why: If someone is looking at home in the middle of winter chances are it’s not because they have too much time on their hands. Often, it’s because they are serious buyers and whatever their personal situation is it requires they find a house and find one soon. The Realtors Association of Edmonton provides many great statistics on their website including things like how many listings there are on the market, how many sales have taken place, etc. Interestingly, and as what should come as no surprise, the number of properties listed for sale in the months of December and January are more than fifty percent less than those listed in the late Spring or early Summer months. What does that mean to someone who is trying to sell their house? Less competition. For instance last year there were 3,201 residential homes listed for sale. Compare that to December of the same year with only 1,068 residential homes for sale. This trend can be traced back to previous years as well. With less houses listed for sale isn’t it likely that it wouldn’t getting lost in the crowd and would have a better chance of standing out?  The odds of your home being looked at with 1:1068 are certainly better than 1:3201. Now of course some homes just show better when there is no snow to contend with, the trees are in full bloom and the rooms are filled with sunshine. I get it. But life doesn’t always wait for those months to make a move, and if you are one of those homeowners be not discouraged. The gift you’ve been waiting for this Christmas may just be a buyer. Download the current e-edition of the Sherwood Park News