RSS

Know the Local Market when You Sell

Are you thinking of selling your home this year? If so, you might be paying extra attention to housing market news covered by the regional and national media. 

While that news can be helpful information, it can sometimes say little about what’s happening in your particular neighbourhood. In fact, it’s possible for there to be a balanced market nationally or regionally, while at the same time your street may be experiencing a hot seller’s market! 

That’s why it’s important to understand what’s happening in your local “micro” housing market when you’re selling your home. 

What do you need to know about your local real estate scene? Here are a few questions to ask yourself: 
•    Is our neighbourhood a seller’s, buyer’s, or balanced market right now? 
•    If we list our home now, will there be any competing listings in our area? If so, how many? 
•    How long is the average listing in our area taking to sell? A week? A month? 
•    How much are properties like ours in the neighbourhood selling for? 
•    How desirable is our neighbourhood? How many buyers are actively looking to move here? Are there currently buyers eager to purchase a home like ours? 
•    What are the demographics of buyers looking to buy in our neighbourhood? 
•    How important is it to fixup and stage my home if I decide to sell? 

Getting these local insights will be far more helpful than the national news when you put your property on the market. So, find out what’s happening right here, in your neighbourhood. 

How do you do that? Call me today. 

Read

How to determine the right time to sell

If you’ve been thinking about selling this year, one question that might be top-of-mind is, “Should we list now?” You may be wondering whether you should wait until the summer or fall — or even next year — in the hopes that you’ll be able to get a little more for your home.

That “now or later” question is common and can be tough to answer.  On the one hand, there might be a time in the future when the stars align and conditions are perfect for selling your property. On the other hand, those stars may never align so idyllically. 

To determine if you should sell now or later, you’ll need answers to the following questions:

• Is my home ready to sell? If we were to list in a few weeks from today, would we be able to get the property ready?

• What are the advantages of waiting until later to sell? 

• How much would we likely get for our home if we were to sell today?

• If conditions are predicted to become better later in the year, how much more could we get for our home? Is the extra money worth the risk of waiting?

• Are there other reasons for delaying listing our home?

Once you have those answers, you’ll be able to make a more informed decision regarding whether to sell now or later.  Need help? Call today.

Read

The role price plays when selling your home

Imagine you’re shopping for a new car and you have a specific budget in mind. Do you think you’ll consider vehicles that fall below that price range? Probably not. In fact, they might not even come up in your searches. 

On the other hand, would you consider buying a car that’s priced above your budget? You might, as long as it’s not too much more expensive and has features that make the purchase worthwhile. 

As you can see from that simple example, the list price plays an important role in major purchases, including homes. 

That’s why you want to be strategic about setting the list price of your property when you sell. 

Just like that car, pricing your property significantly lower than its actual market value can be troublesome. Sure, a temptingly low price might bring in more buyers looking for homes in that price range, but it also might send the wrong message to the marketplace about your home. 

Also, if the list price is well below market value, your listing might not come up on the radar screens of some buyers because they’re seeking homes at a higher price bracket.

On the other hand, if you set the list price too high, many otherwise qualified buyers won’t even bother to see it. They’ll wonder why your home is so much more expensive than comparable properties that have sold recently in your neighbourhood. 

Ideally, you want a list price that’s going to send this message to the market: “Here’s a property that’s in your price range, has some wonderful features, and is worth seeing.” 

Setting the right price can be tricky, but when you do, it will help bring in the right type of buyers. 

Want more advice on selling your home? Call today. 

Read
Categories:   home buying tips | Home Ownership | home ownership tips | home selling process | home selling tips | PROCESS FOR SELLING A HOME | average vs benchmark price | ax Planning for Real Estate Investors | backyard home buying tips | backyard improvement | Bedroom Staging Tips | Bedroom Transformation | Best Renovations for ROI | boost home value | boosting curb appeal | Bright and Spacious Bedrooms | BROKER | budget tips for home buyers | budgeting tips | Burlington | Burlington easy-care homes | Burlington evenTS | burlington festivals | Burlington first homes | Burlington homes | burlington homes for sale | BURLINGTON HOUSE PRICES | Burlington Market Updates | Burlington Ontario | BURLINGTON ONTARIO REAL ESTATE MARKET | Burlington real estate | Burlington real estate market | BURLINGTON REALTOR | Burlington waterfront lifestyle | buyers market | BUYING A HOME | buying a home Burlington | buying a home for resale | buying a home in Hamilton | buying a house | buying a house in ontario | buying a house short-term | buying and selling homes quickly | buying and selling tips | buying out of town | buying your first home | Canadian homeownership | Capital Gains Tax Changes 2024 | Capital Gains Tax for Trusts and Corporations | carefree homeownership | closing costs Ontario | clutter free | competitive offer | condo lifestyle Burlington | container gardening tips | coronavirus | Cost-Effective Renovations | cozy backyards Flamborough | Curb Appeal Enhancements | Custom Bedroom Design | decking options | declutter | decluttering | decorating | Design | design tips | Desk and Workspace Integration | discover waterdown | DIY | DIY tips | donate | down payment savings plan | down payment tips | eco-friendly | Energy Efficient Upgrades | evaluating home value | explore burlington | FALL MAINTENANCE TIPS | family room | family room makeover | Federal Budget 2024 | financial guidance | FINDING A REALTOR | first time home buyer | FIRST TIME HOMEBUYER | first-time home buyer Canada | first-time home buyer rebates | first-time home buyer tips | Functional Bedroom Layout | functional home office | functional living spaces | furniture arrangement | getting to know the neighbourhood | GTA HOUSE PRICES | HAMILTON | HAMILTON & BURLINGTON | Hamilton housing market | Hamilton low-maintenance homes | Hamilton market trends | Hamilton real estate investment | hardscaping for small spaces | hire a contractor | hiring a contractor | HOME BUYER HELP | home buyers tax credit | home buying | home buying guide | home buying process | home BUYING tips | HOME CARE | home design | home design tips | home improvement | Home Improvement Ideas | home improvement tips | home inspection costs | home insurance | HOME MAINTENANCE | Home office | HOME OWNERSHIP | home ownership safety tips | home ownership tips | Home Prices | home prices burlington | home prices greater hamilton area | home pricing | home renovating tips | home renovation tax credits | home renovation tips | home renovations | home sales | home search | HOME SELLER HELP | home seller tips | home selling PROCESS | home selling tips | HOME STAGING | Home Staging Ideas | home upgrades | homeownership advice | homeownership budgeting tips | homeownership tips | Homes Waterdown | homes with smart tech | housing affordability in ontario | Housing Market | housing market trends | housing supply | housing trends | how to boost curb appeal | Impact of Capital Gains Tax on Property Sales | improving curb appeal | increase home value | investment property Hamilton | inviting living space | kitchen ideas | land transfer tax Ontario | legal fees home purchase | LIFESTYLE TIPS | lighting ideas | Lighting Solutions | listing photos | local housing market | love where you live | low budget updates | low-maintenance landscaping | low-maintenance living Burlington | low-maintenance yards | main floor living room | making an offer | market conditions | Market fluctuations | market insights | Market Snapshot | market trends | MARKET TRENDS GTA | MARKET UPDATE | market watch | Master Bedroom Design | maximizing resale value | Minor Kitchen Remodel | modern homes Burlington | mortgage | mortgage calculator | mortgage payments deferral | mortgage renewal | moving | moving costs planning | moving expense deduction Canada | moving expenses | moving tips | moving vs renovating | Multi-Use Spaces | multigenerational homes in GTA | multigenerational living | native plant landscaping | negotiate | neighbourhood growth Hamilton | new listings vs sales | Oakville | OAKVILLE REAL ESTATE | Oakville Realtor | Ontario | Ontario real estate | open concept design | open-concept floor plans | outside cleaning tips | painting | payments | Philip Hollett | physical distancing | population growth | positive habits | PREPARE FOR HOMEOWNERSHIP | PREPARING FOR FALL | preparing to sell your home | preparing your home for sale | PRICING A HOUSE | process for BUYING a home | process for selling a home | property insurance budgeting | property value | reading nook | Real Estate | Real Estate Advice | real estate appreciation Hamilton | real estate broker | real estate expert | real estate investing ontario | real estate investment tips | Real Estate Investments Tax Implications | real estate law | real estate legal fees | Real Estate Market | REAL ESTATE MARKET FLUCTUATIONS | real estate market trends | Real estate market update | real estate negotiation | real estate tax deductions | real estate tax incentives | REAL ESTATE TIPS | real estate trends | Real Estate Waterdown | Realtor | Realtor Waterdown | Realtor, Burlington Real Estate Market | REALTOR® tips | reduce expenses to save | reduce stress | Renovation | renovation costs in ontario | rental potential homes | rental property tax incentives | Residential Property Flipping Rule 2024 | safety tips | save money | save time | saving for a down payment | sellers market | SELLING A HOME | selling a home tax benefits | selling a house | selling my home | SELLING PROCESS | selling real estate during covid-19 | short-term home buying tips | short-term property investment | small backyard ideas | smart home buying tips | smart home features | smart money habits | social distancing | spending habits | STAGING TIPS | STAGING TO SELL | staging your home | tax planning strategies | things to do in burlington | THINGS TO DO IN BURLINGTON ONTARIO | things to do in Waterdown | things to two in burlington ontario | TIPS AND TRICKS | TIPS FOR BUYING A HOME | tips for first-time buyers | tips for selling your home | tips for selling your housE | tips to sell your home | title insurance cost | to do before viewing | to do before you sell | top renos | top tips to get the best offer | TV room layout | versatile seating | visit waterdown | Waterdown | waterdown community | waterdown events | waterdown festival | Waterdown homes | waterdown homes for sale | Waterdown homes with yards | WATERDOWN HOUSE PRICES | Waterdown market | Waterdown Market Updates | Waterdown Ontario | WATERDOWN ONTARIO REAL ESTATE MARKET | Waterdown Real Estate | Waterdown real estate market | Waterdown Realtor | Waterdown realtorÇ | waterdown village | WHAT TO LOOK FOR WHEN BUYING A HOUSE | window replacement | working from home | working with contractor
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.