The fall is when we typically see a number of buyers coming out of the woodwork after summer holidays. This year, we have more buyers than ever looking, which, when combined with low-interest rates, less competition, and other factors, makes it an ideal time to sell for maximum dollar.
Here’s why you should consider listing your home this fall:
There’s less competition: A healthy real estate market typically has approximately six months of inventory for sale. However, according to the REALTORS Association of Hamilton-Burlington, there is just shy of three months inventory. This means there are not enough homes to satisfy the number of buyers looking at this time of year – making it an ideal time of year for properties to stand out from the noise.
Interest Rates: With the Bank of Canada expected to raise interest rates again in 2018, many buyers are looking to take advantage of still-historic low rates in the fall market.
Landscaping: With fall comes beautiful scenery as foliage turns to brilliant colours. Many homes look their best in fall, with fall mums and stunning leaf colours acting as natural outdoor stagers.
Pre-Holiday Buyers: Many buyers that are looking at homes right now are very serious, as they are hoping to close in late November so they can be moved and settled before busy holiday season sets in.
If you’re considering selling, give the Woolcott Team a call at 905-689-9223 to learn what your home is worth and more about the advantages of selling in the fall.