This November 2023 article originally considered selling before the start of 2024. That seasonal advice is historical. A current year-end decision should compare your timing, competing properties, buyer activity and next housing costs.
Some owners postpone listing during the holidays, but a particular Telluride property may still face strong alternatives. Review active and recent comparable listings, their condition and pricing, and how a later launch could change your costs. Listing earlier than a neighbor does not by itself create an advantage or a sale.
People with relocation or other deadlines may continue searching at year-end. The original article cited Investopedia’s general view that holiday buyers can be motivated. A season does not establish a buyer’s finances, likelihood of closing or willingness to waive contingencies. Evaluate the actual offer and its terms.
Plan realistic showing access, preparation, travel and weather contingencies. Compare the benefit of being available with the disruption to your household. Current local evidence is needed before calling supply scarce or predicting a quick sale.
CoreLogic’s second-quarter 2023 Homeowner Equity Report release reported about $290,000 of average equity in its national mortgaged-home context. Its analysis used estimated property value and outstanding mortgage debt. This is historical national context, not a Telluride estimate, an individual owner’s cash balance or money guaranteed to be available for the next purchase.
For your property, compare a supportable sale-price range with mortgage and other secured-debt payoffs, selling expenses, agreed credits and any other applicable obligations. Obtain a transaction-specific proceeds estimate from the appropriate professionals. Then account for your next down payment, closing expenses, moving costs and reserves.
Selling before January may fit your circumstances, or waiting may be more practical. Consider replacement housing, financing, temporary accommodation, preparation and carrying costs alongside current comparable sales. Ask Anne-Britt Ostlund to help compare those choices with current property evidence rather than a calendar-based promise.