Is Now The Right Time To Sell Your Home?

“Location, location, location” is a real estate saying that most people seem to easily remember, and for good reason. There’s perhaps no more important factor than location when it comes to making a smart long-term investment in the housing market.

However, when it comes time to cash in on your investment and sell your home, perhaps the most important factor is “timing, timing, timing”. Listing your home for sale at both the right time for you and your local real estate market is critical to earning the biggest profits and the most satisfaction from your sale, but knowing exactly when that is can be tricky.

So, if you’ve been thinking about selling your home at some point in the near future but still aren’t too sure when that would be, our guide below is here to help you determine exactly that.

Why Do You Want To Sell?

As professional Realtors®, understanding why our clients want to sell their home is invaluable information for guiding our approach to each individual sale. Depending on what your motivations for selling your home will change everything from how we prepare for sale, what pricing plan we take, how we approach negotiations, and how quickly we need to act on everything.

The most important thing to remember here, however, is that there are no right or wrong answers on why you might want to sell your home — and in fact, there are a ton of different reasons we encounter with clients every day.

One of the most legitimate reasons to list your home for sale is that you simply don’t love living in it anymore. When buyers first buy a home, the honeymoon phase can last a while, but once it wears off, the real issues with living in a space begin to appear (and can become hard to ignore).

Just because you don’t want to live in your current home anymore doesn’t always mean it’s time to sell. If becoming a landlord sounds somewhat appealing to you, read through our article “​​Is It Better To Sell Or Rent Your House?” here.

You might find your home is too small for your current lifestyle. Or, certain design deficiencies might be starting to get on your nerves. Perhaps the neighbourhood has changed since you first moved in. Or, maybe you’re just in need of a change of scenery.

Whatever your reasoning is, if you feel your current space just isn’t working for you, it’s best not to ignore these signs and let your personal problems with your home fester for too much longer. If you’ve been running into any of the issues with your home we noted above, it probably means you’re ready to part ways with your home sooner rather than later.

If being a landlord doesn’t sound like your thing, selling your home is the way to go. Find out more about how we’ve helped countless sellers just like you in the Burlington area sell their homes by reading about our selling process on our Selling With Us page here.

Your Reasons For Buying

If you’ve got quite a few reasons why you’re thinking about selling your current home, then there’s a good chance you’ve also got a few reasons why it makes sense to buy a new one too — not to mention a few key items on your new home wishlist.

Sometimes deciding whether or not it’s a good time to sell your home comes down to the reasons why you want to buy a new one, which can include a fair few factors. One of the most common is related to size.

If you’ve got a growing family at home and often find yourself wanting for even just a little bit of extra square footage, then those issues aren’t going to go away anytime soon (at least, not until your kids leave for university, that is). On the flip side, if you’re at the stage where your children are moving out for school or into their own homes, downsizing into a home with a smaller footprint is also a great reason to buy a new home.

Another reason you might need to enter the market is due to a drastic lifestyle change. Things like shifts in medical requirements, marital statuses, or career changes can have enormous impacts on your day-to-day life and living situation. And on the topic of career changes, a substantial wage increase might also be a motivating factor for you to invest in a new appreciable asset that will earn you more wealth over time.

Even if you want to move simply because your tastes have changed and you want to live somewhere with different architectural or design influences, that’s equally as justifiable as any other reason to buy a new home too.

While the thought of buying a new home is exciting, actually going about it can feel much more disenchanting. Start looking for your next home the right way with the guidance and expertise of our experienced team on your side. Learn more about our home buying process through these pages below:

• Buying With Us
• Find A Home

What’s The Market Like?

Of course, much of your decision-making process when determining the best time to sell your home will come down to the current condition of your local real estate market too. Certain types of housing markets make for more favourable conditions for selling your home than others, and could stand to earn you more money from your sale in the long run.

At the moment, most of Ontario’s residential real estate markets (and Canada’s, for that matter) are highly advantageous for sellers as we’re currently in what’s known as a Seller’s Market. Simply put, a Seller’s Market is when there is more demand from buyers for homes than there are homes for sale on the market.

Naturally, that means that competition for homes between buyers is heightened and should — with the right negotiating tactics on your side — consequently drive up the value of your home through multiple competing offers. That means if you’re based in Ontario and are thinking about selling your home soon, don’t hesitate. Now’s a great opportunity to take advantage of the market situation and buyer demand and list your home for sale.

However, if you aren’t in Ontario or in a Seller’s Market, or you simply aren’t prepared to list your home for sale just yet, don’t feel like you’re disadvantaged. Ultimately the best time to sell your home is when you’re ready. All of the most successful and lucrative sales happen when there’s an atmosphere of cohesion and confidence between sellers and their real estate representatives, which can only happen once sellers are fully convinced they’re ready to sell their homes.

Are you eager to make your next real estate move and list your home for sale? We’re ready to help. Take advantage of our hot Seller’s Markets in Burlington and across the GTA now, simply click Sell Your Home here to book your free consultation with us today.