Holiday Countdown Officially Begins, or
“T Minus 26 Days” to Black Friday
With the calendar now showing November(!), home Sellers who are serious about selling in 2014 are well-advised to revisit their current asking price.
Especially if their home has been at that price for more than 30 days.
That’s because most home Buyers are loath to close in late December (it ain’t so convenient for Sellers, either).
Allowing for the usual 4-6 week lead time from negotiation to closing, that means finding a Buyer . . . now.
Exceptions to the Rule
The two exceptions to the above: 1) renters whose lease expires December 31; and 2) relocation Buyers, who start their new job (right) after the 1st of the year.
While Buyers can typically get (very) nice discounts on deals at the end of the year, there are other drawbacks to doing transactions then as well (besides the weather, that is).
Such as, the lead time to line up contractors (to resolve inspection issues), appraisers, etc. predictably lengthens over the holidays.
See also, “TNAS Over the Holidays: How Prevalent?”