How much time will it take to sell your home?
How long before the date I want to sell should I list my house?
You might be looking to sell quickly or you may be looking to take your time since you haven’t found your new home yet. Real estate agents get asked this question on a regular basis. There is no definitive answer, but we can give you a few key things to consider when getting ready to list your home.
What is the market in your area doing right now? Is it a buyer’s market, meaning there’s lots to choose from and houses are tending to stay on for awhile? Or is it a Seller’s market where houses are going for above asking price and selling fast? If it’s a buyer’s market, you may be waiting a little longer for your home to find its new residents. You may get lots of showings, but no bites. So, ask your real estate agent about the market conditions in your area. Even though you may read that the real estate market is hot in some areas you have to remember that real estate is like the weather. It is all about what is happening locally and your professional realtor at the Tessier Team can help you with that.
Time of Year
Ever heard the term ‘spring market’? That’s the time of year when people tend to list their house and many homes are sold. That doesn’t mean that the rest of the year is a bust, just that more people tend to prefer house hunting in warmer weather. Listing your house in the winter months, however, can mean that you are dealing with buyers who have less inventory to look at, but are motivated to buy.
How flexible are you with your price? A well priced home has a better chance of selling than if you are holding out for your magic number. Talk to your real estate agent about what they think you will be able to get for your home. They will come with comparables so you can really see where they are getting that number. You may have seen a home that you think is similar to yours sell for higher, in that case, ask why they’ve priced you lower. It is likely they will already know about the property and can tell you immediately why they sold so high. If they don’t, they will be able to find out the truth and not deal with any rumours floating around the neighbourhood.
Location, location, location
If you live in a more rural area, chances are your home will take longer to sell. In this case, should you want to sell fast, tell this to your realtor. They will ‘bottom-line’ for you what price you need to put on your house and any changes you need to make before you list.
It is paramount that you listen to the expert realtor from the Tessier Team that you’ve hired to sell your home in a timely fashion. They’ve been around the neighbourhood, seen more homes than any buyer you’ll come across and really know their business. A professional real estate agent raises your chances of selling and their negotiation skills will help you get the most money for your home in the shortest amount of time.
If you have any questions about the market in the Ottawa, Embrun and surrounding areas, or would like to talk about listing your home, the real estate agents at the Tessier Team always available. Just call 613-443-4300 to speak with us.