Seasonal factors play an important role in selling a property, but there are other things to consider as well, such as supply and demand and the uniqueness of the local market conditions. No matter when a home goes to market, one should take a few things into consideration that might affect not just the ability to sell the home, but the ability to get the highest price for the home. Timing is everything!
Buyers are increasingly affected by our seasons and that affects their attitude as to when they purchase their home. In Ontario, we enjoy four distinct and beautiful seasons and these changing seasons play a large part in creating good buying conditions.
Winter brings a series of challenges, weather, holiday distractions resulting in a lack of interest from buyers. But do not despair, the reality of the “Spring Market” is really in February and March. According to data; home sales begin in February, with closings peaking through late May, June, July and into August as families settle down for the summer months and prepare children for the new school year. This trend has been consistent since early 2000.
For sellers, this is the perfect time to make their property stand out and shine by actively preparing their home for sale. Take the time to de-clutter and re-organize, paint, and stage the home to best reflect the space and show its best attributes. Make the buyer want your home!
While Spring may be favoured as the optimal time to sell, there will be more competition on the market, as more sellers wait for the nice weather to display their gardens. These sellers may be missing opportunities during the early part of the year when there is less inventory for the buyers to choose from, benefiting from selling in a shorter period of time for more money. Don’t wait, now is the time to take action!
Buying a home is like no other purchase and can be a life-changing event for both buyer and seller. It is imperative that you work with an agent who fully understands the real estate process and just as important, understands your local market and is working for you!
ENJOY YOUR NEW HOME IN 2012!
Marija
About the author: Marija Kolesar
Marija Kolesar is an experienced Realtor specializing in the Oakville real estate market and has obtained numerous achievement awards throughout her career, including the designation of "Certified Luxury Home Marketing Specialist." Marija's expertise in the upper-tier market has helped many clients in Oakville and the surrounding areas fulfill their needs and dreams. With 17 years of successful real estate experience, Marija has obtained numerous referrals and repeat clients in residential, commercial and new home sales. This achievement has been nurtured through past years of experience in the fields of interior design and home renovation. She has a solid reputation of integrity, energy, and strong negotiation skills, and has mastered buying and selling in the upscale market. Marija and The Invidiata Team are happy to provide exceptional service and personal attention in order to get the results you want. For more information: marija@theinvteam.com / www.invidiata.com
Follow
Subscribe