January is the Right Time to Sell
It`s hot. It`s cold. It`s slumping. It`s smoking.
Each of those descriptors has described the Toronto real estate market at one time or another. And while it`s important to pay the market its due, know also that if you`re thinking of selling your home now is probably one of the best times to do so.
If you are thinking of waiting for warmer temperatures when the blooms on the daffodils and forsythia cast a gorgeous golden glow on your home and invite prospective purchasers far and wide, think again. Springtime is when the bulk of homeowners will also decide it`s best to sell their homes. Yes, your blossoms will look pretty, but your house will have much more in the way of competition if you wait for spring.
While January may not seem like the ideal month to show your home, there is much less inventory on the market right now so your real estate is apt to stand out more. Besides if buyers are house hunting in January, they are likely very serious and motivated purchasers and not your run-of-the-mill tire-kicker types. Would you trudge through cold temperatures, ice and snow just to check out someone`s mudroom reno? Didn`t think so.
Bear in mind, too, that if you list your home in January, it will be viewed as a debutante, of sorts. Much of your house`s competition will be older listings that came on the market in November and December so with your house being the new kid on the block, that`s sure to drive and generate even greater interest.
Because there`s less inventory in January and February, bidding wars can be ferocious. And naturally, as the seller, that`s good news for you.