Is There a Best Season to Sell?

Is There a Best Season to Sell?

Is There a Best Season to Sell?

It’s interesting to note how so many things have their “season.” Hockey in the winter. Vacations in the summer. Gardening in the spring. Even retirement reportedly occurs more often in the fall than any other time of year. To some extent, even real estate seems to have a season. The spring is traditionally an active time for home sales. But, does that mean you should wait until spring to list your home? Is there a best season to sell or purchase a home? Here’s the reality in the Ottawa real estate market . . .

Properties sell all year round.

There are buyers actively looking for homes at all times of the year. In fact, there are bound to be buyers that would be interested in your home if you were to list it this month. While it’s true that the market may fluctuate throughout the year, with some months featuring higher or lower prices than others, those variations are nearly impossible to predict. So, it doesn’t make much sense to wait for the “perfect” month to sell, because that perfect month is just as likely to be this month!

Here’s something else to think about…

If you try to sell your home during a month when prices are up a little, you should aim to purchase your next home in a similar timeframe, i.e the same type of market. The same holds true if you sell during a month when prices have softened. This approach allows you to benefit from the market using the two transactions.

So, if you’re considering selling your home, don’t be concerned about picking the right month or season to list. Focus your efforts, instead, on selling your home for the best price and finding your next home in the same market. You can make that happen in any season. Key is to understand the market value of your home or the home you are thinking of purchasing relative to other homes in the neighborhood.

As experienced realtors®  in Ottawa, we would love to have a discussion with you about the market value of your property and to determine the best options to enhance its value! We have the expertise to help you prepare your home for market and sell your Ottawa home for top dollar!

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