We always get asked, “When is the best time to sell a house in Ontario?” whenever someone is planning a move. It’s a fair question. Hamilton and Burlington real estate is always changing, and everyone wants to make the most of their most valuable asset.
To further complicate matters, real estate has seasons when the market is typically at its busiest. It makes sense that most people want to sell their home during peak times. Still, there can be advantages during any season or market type. In this post, we’ll explore the implications of selling now versus selling later.
Are you counting on outstanding results when selling your home? Discover the Woolcott Selling Advantage right here.
Should I Sell My House Now?
The market and the season are secondary to your lifestyle goals. You may have a reason for moving where it doesn’t make sense to wait for a particular scenario to happen. If the dream job of a lifetime comes up, no one will turn it down to see if housing prices rise or fall a little.
Sometimes, it’s possible to align the market with your timing. It might make sense to take a wait and see approach if you aren’t in a rush. Just remember that there are advantages and disadvantages to every condition, and there is no reason to put off your dreams longer than you need to.
Strategy is more important than timing when it comes to selling your home. The posts below will help you be prepared for anything:
- 8 Important Things to Remember When Selling Your Home
- How to Sell Your House Fast
- Why Home Sellers Need to Think More Like Buyers
Is There a “Best” Month to Sell a House in Ontario?
Traditional wisdom is that the best time of year to buy a house is the “worst” time to list. That’s because market conditions sometimes favour buyers, giving you less power to negotiate a top dollar sale.
However, the market is more nuanced than that. For example, spring and fall are traditionally busy in real estate while summer and winter are slow, but there are other factors at play. In fact, we have seen these trends turned upside down over the last few years with more houses selling in the winter than any other season!
The best month to sell a house depends on a variety of factors, not just the market. If conditions are busy and prices are high, you might stand to earn a healthy profit from your sale. But if you plan to buy shortly afterward, now you’re the one facing high prices!
The reverse is also true. If it takes a long time to sell your home and prices are low, you will also benefit from those conditions when it’s your turn to be the buyer. Once again, we recommend basing your plans around your own agenda rather than worrying about outside factors. Let’s take a look at where you might be in your plans to move in the near future.
How do you choose a real estate agent you can trust to sell your home? The posts below will give you some insight:
- Can a Real Estate Agent Sell their Own Home?
- Should You Use the Same Agent to Sell and Buy a House?
- Fact Vs Fiction About Working With A Real Estate Agent
Scenario One: You’re Not Quite Ready to List Your Home
A seller’s market is by no means an obligation to list your home right away. Regardless of the potential, this is a decision of life-altering proportions. It takes time both to prepare yourself for the change and to showcase your home in its best light.
Failure to do either of these things could lead to hasty actions and possibly not getting the best price in spite of the favourable conditions. Besides, a fast transaction and high dollar amount are far from the only factors to consider. When you move, it should always be for the right reason and only when you are ready.
Making your home appealing to buyers is critical for a successful sale in any market. The posts below will give you some ideas:
- The Power of Staging When Selling Your Home
- What Type of Home Staging Is Best for You?
- Minor Upgrades, Maximum Results
Scenario Two: You Are Ready for a Change
If you’re excited about the idea of a change, now is a great time to sell your home. The first step is to assess the situation and identify all advantages you have and challenges you may face. A free, no-obligation home evaluation from Woolcott Real Estate will help you know where you stand in the market today.
We will give you valuable insight as to how much your house could sell for right now as well as any upgrades with high profit potential. Our team will also provide you with marketing tips to ensure you get maximum exposure and empower you to get the best price you can for your home.
Whether you plan to sell a month from now or six months from now, an up-to-date evaluation can arm you with the important information you’ll need to make the most of your decision.
Do you want guidance on getting the best results when selling your home? Our top agents in Hamilton & Burlington are here to help. Reach out today with any questions you have or call 905-332-9223 to connect with our office.
