FAQ - Frequently Asked Questions

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.

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.

Seasonality

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.

There are many important issues that come into play when deciding to sell your home. As your REALTOR, I can help you to determine if now is the best time for you.

When is the best time to sell your home?

Are there costs involved in selling?

Buy or sell first?

Is now a good time to sell your house?

Which market is best?

 

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To List Your Home

Call

Allan Todd Today

905-270-8840 or 416-640-0734

Call today to book a no-obligation pre-listing consultation, where we will briefly discuss your timetable, property preparation, explore the selling price given current market conditions and marketing strategy.

Allan Todd, REALTOR®
Re/Max Professionals Inc., Brokerage
1645 Dundas Street West
Mississauga, Ontario
L5C 1E3

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