Are you wondering if The Fall of 2022 would be a good time for your sell your home? Let’s explore 3 reasons why this might be a good move.
1. Sales Prices are Stable
When compared to the previous 2 years single family homes prices are trending 3% up and condo sales prices are trending 2% up.
This might be a good time to withdraw your equity.
2. You Will Soon Face Less Competition
Less motivated home sellers are about the leave the market and give up until next year. It’s been my experience that these ‘home seller retirements’ will take place in waves based on natural events.
When the leaves start to turn.
When we get our first frost
When the snow flies
The first snow fall will be the biggest deterrent. If you come into the market now, your competition will be slipping away.
3. The ‘We Want to be Home by Christmas Crowd’ is out Shopping
Many home buyers missed out during the heady days of Spring when multiple offers were normal. Many home buyers took off the summer. Many home buyers want to be settled by Christmas a key emotional benchmark for many people. These folks will be out shopping in earnest in September and beyond.
4. Prices May Go Up
What happens when demand is strong, and supply goes down?
Typically, prices go up.
It’s not unusual to see buyers clamoring for homes they can move into before Christmas and in so doing they will often pay more in the last quarter than during the summer months.
About the author:
You can read more about the author of this blog by clicking this link - Stuart Neal, Broker, REALTOR® & Team Lead.
Our FIXED FEE home selling program gives clients proven results & affordability. To learn more call our Broker Owner & Team Lead Stuart Neal at: 780-760-2014 or visit our program page www.FixedFeeRealty.ca
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