The Best Time to Sell a Home

The Best Time to Sell a Home

Posted by Ryley Trenchuk on Saturday, January 23rd, 2021 at 8:48pm.

Selling your home is one of the biggest decisions that you will ever make! This decision becomes more stressful especially when you need to move in order to buy another home. Timing is crucial! When is the right time to list your home to have a higher guarantee of a faster sale or get the most amount of money? When we look back in history, we start to notice that there are certain trends and patterns to when people are more inclined to buy and sell their homes, as well as when the market starts to die off.

Spring fever is a real thing, especially if everyone has been in hibernation during a brutally cold winter! When temperatures start heating up and snow starts to melt, buyer activity often blows through the roof. You’ll also notice that mortgage rates tend to be the best in the springtime because there is often the most activity and competition between brokers. History shows us that this is normally the best time to sell and or purchase a home. There are many reasons why there is an increase in spring home sales, such as:

  •        Spring feels like the best time for a fresh start. People are ready to move and try new things.
  •        The weather becomes warmer and people are ready to get out of the house after a long winter.
  •        When spring comes, thoughts of spring cleaning, de-cluttering and completing tasks that couldn’t be done during winter come to mind.
  •        The kids are finishing up school, and school registration for the next year begins. Most parents want to have their children settled prior to a new school year starting.
  •        Summer is one of the busiest times of year! It's a great time to go on vacation and travel. People tend to be away or have summer activities planned, with little time to think or prepare to sell their home.

If you are unable to put your home up for sale in the spring, don’t worry! After all of the summer excitement and beautiful weather, there is a large percentage of the population that need to wind down and settle in before the school year begins. This makes fall the second best time to sell a home, but quite often, this hyped up market can push into late October. Some of the reasons why fall is a great time to list your home are:  

  •         College students and parents prefer to live in one location during the school year and would like to get the move complete before the
  •         The leaves turn colours and make people think about other possible changes in their lives.
  •         The upcoming winter months are not a favourable time to consider a move due to unpredictable weather conditions and the fact that it could be very cold while loading and unloading moving trucks.

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