Thinking of selling your home but not sure if now is the "good time to sell?" Talk to a REALTOR® for sound advice on when to sell your home in the least amount of time for the best possible price.
First a REALTOR® will help you examine your reasons for wanting to sell. The most common reasons why people decide to sell their homes include changes to their financial status, an employment transfer, a growing family or retirement. Today's low interest rates have also made it attractive for many homeowners to "move up" to a larger home.
Whatever your reason, selling a house is a complicated procedure so it's imperative to have a qualified Real Estate Professional on your side. Because selling a home involves large sums of money and complicated legal documents, a REALTOR®'s expertise can help a homeowner avoid costly mistakes. Timing your sale to fall into a good time to sell within the market circle is quite important. good time to sell
Real Estate Cycles
Buying your home was probably the best investment you ever made. That's because over the long term, Real Estate has proven to be a sound investment while at the same time offering you and your family shelter and a feeling of pride of ownership. good time to sell
However, Real Estate is subject to the law of supply and demand which creates cycles in the market. A shortage of homes generally means prices rise. This cycle is commonly known as a "seller's market." Alternately, a surplus of homes can result in a slow down in home sales or even a reduction in prices and is often referred to as a "buyers market." good time to sell
One of the most important services a REALTOR® provides is current market analysis. Most people don't have the time it takes to conduct the comprehensive market research required to accurately price a home. A REALTOR® can give you up-to-date information on what economic and other factors are impacting current market conditions.
Which market is best?
Obviously, you will want to sell your home quickly and for the highest possible price. In a "seller's market," you often see many buyers competing for the same house resulting in top prices -- sometimes even over the original list price. However, if you are planning to purchase another home after the sale, chances are you will be competing in the same seller's market faced with higher prices.
In a buyer's market you may find you have to wait longer to sell your home for a fair price. The upside to selling your home in a buyer's market is you'll have more selection and pricing options when you go looking for your new property. good time to sell
Although the current market cycle should influence your decision to sell, remember there are trade-offs to selling in either a buyer's or seller's market. Some people are concerned that if they trade up to a larger home in a buyer's market they will lose some of their home's equity in the sale. But, while you may sell your home at a "discount," it's likely you will purchase your larger home at an even greater discount. The advantage is you then own a larger asset with even greater potential for appreciation.
In Ontario, changing seasons and the weather can affect buyer demand. For example, fewer buyers may be out looking at homes during the cold and snowy winter months, but as a seller you will be competing with fewer homes on the market. Spring tends to be an attractive time for real estate sales as gardens start to look nice again and people come out of hibernation. Buyers with school-aged children like to purchase in the spring so they can move in over the summer. However, homes sell throughout the year so think of the season as only one factor in deciding when to sell your home. good time to sell
There are many important issues that come into play when deciding to sell your home. A REALTOR® can help you to determine if now is the best time for you.
Home Sellers Articles
Getting Ready to Sell?
You are getting ready to sell your home. It was a difficult decision and whatever the reasons for the sale, they are important to you. You have a specific idea about the selling process, and your expectations may be based on previous personal experiences, or home selling stories you heard from your friends.
Before the sign goes on your lawn, there are certain things that need to be taken care of. Perhaps your family is well organized and knows how to keep their home in a tip top shape on a daily bases... if they are, where can I get a family like that? If you are like most of us however, your home is not ready to be listed and showed right away, on the spot, right now. You need to get it ready for the pictures, the visits, the scrutiny of the buyers. more...
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If you have questions about up-to-date market conditions, would like to get my Price Analysis, or simply would like to know what that home next door is listed for... I'm always available to provide that information.
Perhaps you are considering a sale, but are just not sure what would be the best way to proceed in this changing market.
Or maybe you are the First Time Buyer, excited to enter the Housing Market, and have more questions than your would like to handle on your own...
Please give me a call at 705-718-3166
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