Wondering when the best time to sell your home is? Well, when you reach out to a top real estate agent in Victoria, BC, a key reason why you do so is to take full advantage of their expertise. They know what types of homes are selling in your area, what’s the ideal way for you to position your home in listings, as well as how to negotiate with potential buyers. One other area that can play a role in your final sale price, before all of these, is the time you choose to sell your home. Let’s profile a few of the key chronological factors that may change when you want to sell.
Seasons: Different seasons mean different amounts of people out in the market to buy homes. For example, it’s safe to say that winter isn’t going to be particularly popular due to the fact that it’s a lot harder to visually see what the house/yard will look like. This doesn’t mean that you won’t get any buyers at all, though. In addition, those that are willing to buy a home during the winter are likely very motivated to purchase, which could work in your favour.
The type of buyer matters also. For example, summer is a good time to try and target families because most children are off from school, and people new to the area may try to take some time to get a home before the next school year starts.
Community Factors: Sometimes, though, outside factors supersede the season. For example, if you have a home in a given area, and a major company suddenly sets up shop, no matter what time of year it is, you’re going to have an interest in your home. As a result, it pays to read the local business news in your area if you know you want to sell eventually. Knowing that a major surge in demand is coming will help put you in the best position to reap the benefits. Also, you may want to look out for upswings in the general housing market so you can raise your asking price.
Your Personal Needs: With this said, sometimes it’s your own needs that are going to drive when you need to sell. For example, if you know there’s a great job opportunity somewhere else, you know you need to start moving your home quickly. The same can apply if you suddenly have aging parents moving in with you and need the additional space. When you need to move, you need to move. If it syncs up with these periods of high demand, great, but that’s not always possible.
In some situations, you have the luxury of waiting to go on the market until the exact moment you want to. In other cases, you’re a motivated seller who needs to make the timeframe work with them. In both cases, it’s key that you have the best realtor in Victoria, BC to work things out for you. Luckily, we have just the person in mind! Contact our team today to find out how we can help!