What is the Best Time of Year to Sell Your Home in Canada?
When selling your home, you want to make sure you get the best price in the shortest amount of time. Unfortunately this isn’t always what homeowners get when selling. Factors such as the state of the housing market, location, and your home’s value all impact your ability to sell.
Another important factor in a home sale is the time of year. If you’re looking to sell your home, knowing when can help you get the most return on your investment with the least hassle.
Sell Your House Faster and at a Higher Price
Before deciding when to sell your home, there are some key steps you can take to get a higher purchase price quicker.
Homebuyers usually seek out properties that are in move-in condition. Renovating a property requires a significant investment of time and money, which many buyers aren’t ready or willing to provide.
As the seller, you can do a lot to make your home more attractive to potential buyers. Keep your home updated with new furniture and take the time to add a new paint job before you put your house on the market. The former option can be done inexpensively by hiring a staging company to temporarily rent bigger furnishing items from.
Getting an inspection done provides buyers with more information on the quality of your home, and will increase the likelihood of purchase. Once you’ve updated your home to attract more buyers, you can now determine the right time to sell!
Selling When the Time is Right
Selling during the spring or summer is a good rule of thumb for anyone trying to sell in the Canadian market. The weather during this time of year is ideal for homebuyers who want to spend their weekends looking for their dream home, and for those trying to avoid the hassle of a winter move.
This will ensure you get to show your house in the best possible light. If your home has a garden or lots of windows that let natural light in, showing it in the spring or summer will highlight these features more.
Families with children who are still in school often use the summer break to find a new home. Should they find the right place, moving in the summer makes it easy, as it doesn’t disrupt the children’s schooling. If your home is within distance of an elementary school or is large enough to accommodate a family, listing your home at the end of the school year will likely help you gain more attention from your desired demographic.
Driving Up Prices
Many experts have noted that May is especially popular for selling homes. Average sale prices during this month are much higher in Canada than at other times during the year.
Because there are more people looking to buy during this time, it drives up the selling prices of homes, which is good news for you.
Knowing the best time of year to sell your home in Canada helps you get the greatest return, and showing your house during ideal seasons makes it more appealing to buyers.
If you’re looking to list your Canadian home, take these factors into consideration to get the best value for your investment!
Posted on July 23, 2015 | Organizing Home