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Many people think that around the holidays, the market just stops and turns off. But that’s just not true.
The truth is that people are always looking for real estate, no matter the time of year. If anything, buyers that are out over the holiday season are more serious than some of the second- homebuyers that we have during the year. People who are out spending their time over the holidays looking at homes would obviously rather be doing something else; you won’t get as many looky-loos during this time of year.
As a seller, you’ll have less competition since many people take their homes off the market, thinking it’s a bad time of year to sell. Or it could be that sellers who aren’t that serious might not want to balance the inconvenience of selling a home with preparing for the holidays. But if you want to take advantage of the fact that there are serious buyers on the market during the holidays, then it’s a great time to sell
All the national experts seem to agree that our market is heading toward a shift. We’ve seen price increases for about eight years, inventory increase, and buyer activity slow down; normally, real estate cycles in California last eight to 10 years before they shift, so the activity we’ve been seeing is just a signal that things are slowing down naturally.
It’s hard to say if the shift will impact the Monterey Peninsula, but we are one of the most beautiful places in the world, and we’re always in demand. If you wait until next year to act, you may miss an opportunity in 2018. Mind you, we don’t have a crystal ball, but going on what the experts have been saying coupled with our feelings of the market, we suggest that you get on the market sooner rather than later. We don’t know what the future holds for the market.
If you’re a seller and have questions about what your home is worth, reach out to us. On our website, we have a home valuation link that will give you an automated estimation of your home’s value. For an even more detailed analysis, we can personally come to your home and look at any upgrades you’ve made to compare it to other comparable homes that have sold in the area. We hope to hear from you soon.