Looking back on historical patterns, the majority of Canadian home sellers have a tendency to list their homes during the very active Spring or Fall markets. Due to this trend, listings in past years have generally tended to taper off as the busy year-end and holiday season approaches. But is waiting really the best selling strategy for your home?
If you’re considering selling, you may find that it’s really in your best interest to list your home now, rather than waiting until sometime in the Spring. Here are a few reasons why you may want to act now: If the overall inventory of homes for sale decreases during the Winter, you’ll be competing against fewer other homes to attract and win buyers.
• As fewer and fewer new listings come on the market, your home will attract a lot more attention and increase your chance of a viewing.
• Today’s low mortgage rates will help make your home more affordable to potential buyers. As interest rates increase in the future, more and more home buyers – especially first time buyers — will drop out of the market.
• If your home is already sold when you start to look for your next home, it puts you in a much stronger negotiating position. You’ll know exactly what you’re getting for your current home and you won’t have to make your offer to purchase conditional upon the sale of your existing property.