Thinking of selling your home? There are a few key things to consider, such as the best time to put your home on the market based on buyer demand. As well as the best time to sell based on demand, you should also consider the best time to sell for you and your family. Sometimes timing isn’t always ideal, but with a professional Realtor® and realistic expectations based on market stats, if your home is priced well and marketed, it will always sell close to, or even above, market value.
Before you sell your home, it’s important that you and your family are ready to sell and move. Make sure to check your finances to determine if it’s worth selling after paying off your loans, closing costs and real estate brokerage commissions. Ask a professional Realtor®to do research on the current real estate market to be able tolook into comparable properties that have sold in your neighbourhood. Your Realtor®will help you figure out whether it’s a buyer’s market or seller’s market to ensure you’ll benefit from the sale of your home.
Call your trusted real estate agent for a current market evaluation - a fancy report that statistically shows where your home lands in comparison to homes that are currently for sale and others that have sold recently. Even listings that came off the local MLS® have a story to tell. Your sales representative should understand the nuances of pricing and be able to explain it to you.
Is Your Home Ready to Sell?
You also have to ask if your home is ready to sell. Sometimes you have to spend money to make money, and there are certain upgrades you can make to your home that will give you the biggest return on investment when selling. Check out our blog on the top 5 rooms to renovate to get top dollar when you sell! And ask your Realtor®if your home can sell in its current condition. At the very least, you should deep-clean, declutter and stage your home for showings. We tell you all about how to declutter your home here.
The Best Time to Sell Your Home in Ontario
Spring is typically the best time to sell your home in Ontario. Many people avoid buying homes in the winter since they don’t want to deal with moving in snowy conditions and cold temperatures, and most buyers want to get the move in before the summer months, making spring the most appealing time for buying, and in turn, selling.
Along with nicer weather making it a prime time to list your home for sale, early spring is a great time to showcase your home to take advantage of buyers looking 60 to 90 days before they anticipate to move into their new home. And if the buyers have kids, moving in the summer ensures their schooling isn’t interrupted.
Things to Consider
Preparing your home to sell will also be easier in the spring due to the good weather. If you need to do work on your home such as repainting or landscaping, it’s ideal to do it when it’s not freezing cold out or boiling hot out. These maintenance itemsaren’t supposed to be done in extreme weather anyways, so spring makes most sense.
Keep in mind that there could also be a lot of competition in the spring if your neighbourhood is flooded with houses going up for sale. So think fast and call your Realtor®to start the conversation. This will help you make an informed decision. Other than that, spring is typically prime time to sell a house in Ontario!
If you’re looking to sell your home, make sure you and your home are ready come spring. Undertake any renovations that will give you a return on investment, and get your curb appeal ready to draw buyers in!
What are other good times to sell your home? Look for future blogs coming soon, or if you want a head start on the decision, call your Realtor®today!
Want to know when your neighbours are selling & for how much? Click here and we'll tell you as soon as it goes on the market.