Listing During the Holidays - Five Pros and Cons

Full Video Transcript Below

[00:00:00] Good afternoon, real estate fans. Alice Lema here broker John L. Scott, beautiful Southern Oregon with another edition of the weekly real estate podcast. This week, we're going to talk about pluses and minuses of buying and selling over the holidays. Why it's a good idea to still move forward.

[00:00:17] And before we do that I want to give you a quick minute to subscribe to the channel, would really appreciate that. Give us a, like a thumbs up, leave a comment, share with your friends and family. So here we go with Thanksgiving coming up next week. Great, great thing to talk about why it's a good idea to still buy and sell over the holidays. But here's the pluses and minuses.

[00:00:40] So number one, during the fall and winter season, at least in Southern Oregon, because of our weather changes, we have more motivated buyers and sellers if they're on the market during that time. If they're out looking at houses during that time, the advantage to that is people are a little more business like. They're ready to go. They want a property, or they want to sell a property. And it's just a little less dramatic if you will. It's also a little more straight forward because people are in more of a hurry. Or they're just more they're just ready. They're more ready. So there's something to be said about that.

[00:01:23] When we have people buying and selling in the spring time, it's a little more lackadaisical. Everybody feels like they have the whole year to either find a home or to sell their home. So it's that motivation thing really plays in your favor if you're on the market during the winter and fall, or if you're buying in the winter.

[00:01:42] Okay. Number two, most properties are already clean and decorated for the season. So if you're selling in particular, you know, it's kind of a drag to keep your place up and blah, blah, blah. It can be hard time-consuming and it gets, it gets weary. But you were going to do it anyway for the holidays.

[00:02:01] So it's like a twofer. So. That's a real nice thing. And then for the buyers, they're walking into homes that are already clean and decorated and they really appreciate that. It makes their process more fun and faster and more streamlined. So kind of a win-win for everybody. So that's number two, most properties already cleaned and decorated for the season.

[00:02:21] Number three, now this is one of the minuses. Some sellers won't actually allow showings during the like the day or two before the holiday day or two after. And that's unfortunate, but that's what some people choose to do. So they might be on an available for the season, but they're going to chop out a couple of days before the holiday, a couple of days after And just not allow showing.

[00:02:46] So if you're selling, it's a personal decision. If you're using your home to entertain then I think it makes it hard. You got to talk about that before you list, but a lot of folks, especially if they're downsizing, they want one more big Thanksgiving or one more big Christmas or one big Hanaukkah or whatever they want to do before they sell the house.

[00:03:09] So, totally understand. And if you're buying, just know if you're flying into town to look at property or you're visiting relatives and you want to look at property might not happen if it's too close to the big day. All right so just keep in mind. Number three, some sellers won't allow showings during particular days.

[00:03:28] Number four and this is one of my favorite points that people seem to overlook is market conditions. If you're buying and selling in the fall, you're aware of what the market conditions are. The market conditions are known. If you're waiting til next year, actually here with the world being the way it is and we can't even imagine that we just went through a worldwide pandemic. Actually, we're still kind of in one and raging wildfires, at least here in Southern Oregon and the economy and the inflation and the, this, and then that. So, you know, I think there's not enough weight given to this idea of known market conditions are better for everybody buyers and sellers.

[00:04:15] So my favorite time to buy and sell is definitely fall or winter. You know, again, it's personal decisions, but I just want to point out you understand the market conditions. Now you understand the interest rates now, whether you're buying or selling, that's all super important next year. I think, especially with the world, the way it is, could be a coin toss. So we'll just have to wait and see.

[00:04:36] Number five, if you are going to be buying and selling during this fall and winter time, especially in Southern Oregon sellers, you absolutely have to keep your shoe cover box filled. And also consider providing umbrellas. And if you're buying, bring that stuff with you, bring your own shoe covers, bring your own umbrellas. Have you know, the stuff you need to protect the properties that you're going to be looking at. Not enough people do that. So please keep that in mind. Number five, if you're going to be out buying and selling during the fall and the winter to have shoe covers and umbrellas with you, if you're buying and if you're selling. Keep that booty box full. Okay. So those are my five points about buying and selling over the holidays while I still think it's a good idea, but there are pluses and minuses.

[00:05:28] If you need any help with your real estate or you just want to chat and make some plans for next year, I'm Alice Lema, a broker at John L. Scott here in Southern Oregon. Please reach out. My number is (541)301-7980. (541)301-7980 give me a text, give me a call. I want to be your agent. Great listing agent. Great buyer's agent. Great with investments. First-timers whatever you need. This is my bag. So feel free to reach out. Otherwise, have a beautiful weekend. We'll catch you again next week. Bye now.