Have you been thinking about selling your home? If so, you may be wondering if now is the ideal time to do it. We’re living in uncertain times, which makes timing the market especially tricky. That said, selling now could (potentially) lead to a great price and terms you’ll be happy with.
Here’s why you might want to consider planting that “For Sale” sign sooner rather than later…
The Best Time to Sell a House
Conventional wisdom says that spring is the best time to sell a house. Some buyers are less likely to move—or attend viewings—in the winter. This means that, given the average time between purchasing a home and moving, many home hunters prefer to purchase in the spring or fall.
Homes also tend to show very well in March, April, and May—another advantage of selling at this time of year. Studies even show that doing so in May often leads to higher-than-average prices.
All of that said, this is far from a typical year. The hot market we’re used to seeing in spring came late, and it came with a vengeance! Here’s what to know now that 2021 is in full swing.
Current Conditions
Without a doubt, the COVID-19 pandemic has had a significant impact on local real estate. In the beginning, market activity slowed to a crawl. Of course, it wasn’t long before buyers started craving more square footage and outdoor space. Suddenly, the detached market was on fire.
In particular, Hamilton and Burlington have seen a wave of recent buyers from Toronto. In fact, in 2020, average sale prices rose by 14 per cent. While there’s no indication that we’ll see a buyer’s market in the near future, one thing is abundantly clear: taking advantage of current conditions is a very smart move.
Of course, we would never advise sellers to take a step they’re not ready for. That said, if you’re looking to sell sometime soon, taking this step asap could help you achieve a highly successful outcome.
Making the Most of the Market
If you decide that selling soon is right for you, there are a few steps you can take to help secure a fantastic result. It may be a seller’s market, but the basics still apply! That means careful home preparations, eye-catching marketing, and negotiation expertise.
Fortunately, an experienced local agent can help you leverage current conditions to meet your selling goals. The key is finding a professional who has a fantastic track record—and someone you feel comfortable working with. Through a thorough interview process, you can find the right person to help you make one of life’s biggest decisions with confidence!
Interested in learning more about home preparations and our selling process? Get in touch—we’re happy to answer all of your questions—and help you put your property on the market if the time is right!
