Is Now the Best Time to Sell your house?

Is Now the Best Time to Sell your house?

Selling your home is not only a big decision financially but also emotionally. Your home is no longer the bricks, drywall, and hardwood floors you fell in love with when you bought it. You have tackled some of life’s many milestones and made memories inside the house you now call home. Whether you have simply grown out of the house, are choosing to downsize, or are looking for a new location, several factors may influence your decision to sell your house.

Check your Finances

Do some research to determine the payoff amount of your loan so you can determine what your sales proceeds will be after you have paid off your loans, closing costs, and REALTOR’s commissions. The closer you are to the end of your mortgage term, the fewer additional expenses you will incur.

Do Some Comparisons

Doing your homework is always important! Do some research on the current condition of the real estate market and look into some comparable properties that have recently sold in your neighborhood. You may want to consider selling when it is a seller’s market.

Is your Home Ready to Sell?

We have all heard the many ways you can improve your home to get the biggest return on your investment when selling. While you may not want to make any major improvements, it’s important to ask yourself if your home is in its best condition to sell. At the very least, you need to ensure you have the time to give your home a good deep-clean and declutter to ensure it is prepared for showings when the time comes. Take into consideration the length of time it will take to do this to determine a timeframe for when you can realistically list your home.

Four Questions to Ask Yourself

Take a second to think about your answer to these four very important questions. If you’re happy with your answers, you may be ready to sell, and if not, it may be worth it to continue weighing the pros and cons of your decision to sell or speak further with a Real Estate Agent to get their opinion.

  • After selling this home, where will you move?
  • Are you still emotionally attached to your current home?
  • Are you financially ready?
  • Are you willing to make changes to paint colors or upgrades to the home?

When is the Best Time to Sell a House?

Most real estate professionals will tell you that the best time to sell would be the spring, followed by the fall. Spring is desirable for many sellers as it is a great time to showcase your home's best features, and many buyers want the transaction to be completed before the summer months. It’s important to remember that since it is the busiest time of the year, you will face more competition, increasing the importance of making sure your home shows at its best.

Selling your home can be a complex process, but with the right guidance, it can also be rewarding. Contact Fardad Farhanian, an experienced estate agent with GTA Realty, at [email protected] or (416) 707-1031, for expert advice and assistance in navigating the sale of your home.

Outstanding client service, experienced business practices, and ingenious marketing strategies is what makes our team the most trusted team in the area.

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