5 Tips From Ottawa’s Real Estate Team
With so many factors to consider when deciding if you should list your house in the spring or fall, it can be challenging to make a decision. The best way to do that is by asking yourself these questions:
- Do I want my house to sell quickly? If so, listing in the spring might be your best option because more people will be looking for a home then.
- Do you have plans for another house? If you’re thinking about moving within the next year or two, waiting until after the holidays might make sense because it gives you time to find a new place before moving again.
- How well does my current home fit into this season’s market? Homes built recently are often priced higher than others on the market and may sell slower than older homes; it may be better to list during a slower time of year if you built yours recently.4) Would selling now help me achieve other goals?”
Spring
- Spring is a great time to list because it’s a busy time of year for real estate.
- Spring is also the perfect time to record if you are selling your house fast or need to sell for financial reasons.
Spring benefits
You have a better chance of selling your home in the spring than in the summer. It is because people are more likely to buy homes in the spring and autumn months.
The following factors attract spring buyers:
- Increased traffic. As a result of seasonal changes, more buyers want to buy a property before winter sets in, and fewer wish to purchase during the hot summer months. It means sellers have more options when it comes time to sell their house.
- More homes on the market. Since homeowners are eager to sell their homes before winter hits and snow ruins everything (just kidding), this increases supply, meaning there’s more competition among other sellers, which ultimately benefits buyers!
With so many factors to consider when deciding if you should list your house in the spring or fall, it can be challenging to make a decision. Make a research about the market before you decide.
Fall
Fall is a great time to list your house.
No, it is. If you want to sell your house in Ottawa, the fall is a great time to do it. And if you’re a buyer looking for new homes on the Ottawa market this month, this article is for you too!
Fewer people are looking at houses during these months because of how busy everyone who lives here gets with school and work—and since people aren’t looking as much but still want their homes listed at an ideal price point, sellers have the advantage here.
Fall benefits
The fall is a great time to list because there are fewer listings
Many people believe spring and summer are the best times to sell your house. The reasoning behind this? Fewer people are looking for homes during those months, so you’re more likely to get less competition from other sellers. However, although this may be true in some areas of Canada (and perhaps even in Ottawa), it does not apply universally across Canada or even here in Ottawa! We believe that one of the main reasons for this misconception is how busy buyers get during these seasons—they’re out shopping for new furniture, buying school supplies, and going on vacation! These activities can mean they don’t have much time left before listing their home.
Five tips to help you determine if you should list in the spring or fall
- Spring-listed homes sell faster.
- Fall-listed homes sell faster.
- Spring-listed homes get more offers and sell for more money (though they may be on the market longer)
- Fall-listed homes may have a lower price point and therefore be more attractive to buyers looking to buy at a lower price point, but this might mean that you’re getting less than what your house is worth in terms of money spent buying it.
- Spring may be best if you’re ready to move into another home because it will give you time before the fall market heats up again.
This post has helped you decide if now is the right time to start looking for a new home. If so, call us today at 1-613 604-0571 or email at ali@aliabbas.ca, and we can set up a time to meet with you face-to-face and help you find your dream home! We have many years of experience in Ottawa’s real estate market and are here as your guide through this process.
