How
To
Prepare
YOUR
Home
To
SELL
416-640-0734
905-270-8840
FAQ - Frequently Asked Questions
When Is The Best Time To Sell Your Home
Everyone seems to have specific ideas on when the right time is to sell. Some base their theories on the overall economy, while others will tell you that there are key buying months that you'll want to capitalize on.
If you're not buying and selling strategically or for investment, the best time to sell is really when you feel your existing home will not meet your future needs. The best reason to purchase a new home is to take advantage of your family and lifestyle changes. Do you wish to be closer to a school? Are you switching jobs? Do you have an aging parent to care for?
In Canada, weather and holidays do play a factor. Almost no one goes house hunting around Christmas, and few give up their summer vacations. Of course, those with school-aged children are less likely to move during the school year and summer is an ideal time. In some areas, there is a definite "spring cycle" -- perhaps it's a bit of spring fever and a wish to break out of the bonds of winter.
Some gamblers look for winter bargains and then try to sell their homes during the spring cycle. But overall, that could be more tension and aggravation than you wish. And the monetary results may be disappointing.
Another key factor to consider is the economy. Are interest rates higher or lower in comparison to your current mortgage? If they are higher, you may want to stick with your current home, as your new mortgage payments could be uncomfortable. If rates are lower, you might be able to trade up to a more expensive home without a significant increase in your monthly mortgage obligation.
What's more, if it's a buyers' market, you may be in a strong position to purchase a new home, especially if you have accumulated some equity in your current property.When is the best time to sell your home?
Are there costs involved in selling?
Is now a good time to sell your house?
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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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