A question we often get asked by home owners is “When is the best time to sell our house?” This is a question that many Real Estate Agents try to answer time and time again. They analyze pricing charts, historical data, and so much more. They will tell you what month to list and sometimes even the day. However, they are over complicating the situation. There is actually a much easier answer to “When is the best time to sell our house?”.
The absolute best time to sell your house is whenever works the best for you. Here in the GTA we have seen an unprecedented rise in prices the past 15 years and they keep rising month over month. Will that eventually change? Without a doubt. When will that be? No one knows, many will guess, many will proclaim the end is near, but no one knows. Will that change be a huge drop in prices or will it just be prices plateauing and staying where they are for several years? If anyone knew the future they could make millions. No one knows for sure so you have to do whats best for you and your family.
Do you want to sell your home and move into a new one during the summer months so you don’t disrupt the school year? Or do you want to sell and buy before the summer so you can still enjoy a nice summer at the cottage? You have to look at your own personal situation and figure out when the best time to sell your home is. That’s really as simple as it is. Once you decide that you want to be in a house by a certain date then we can start looking at listing your home for sale at a specific time but its still what works best for you.
What if you have no specific timeline as to when you need to sell but want to get the most money possible by selling your home? Then its best to list sooner rather than later. No one knows what changes are coming in the future so if you are just looking to get the highest possible price its better to list now since we know what prices are. Most experts predict that the prices of homes for sale will rise for the foreseeable future but ultimately they are just educated guesses. If you want to ensure you get the most then list now to ensure you get it. Sure you may be leaving money on the table if the market rises and you could be kicking yourself for selling too soon. Look at the other side though, what if you try to wait a year and the market crashes and now you’ve lost even more? A bird in the hand is worth two in the bush.
So when you are trying to decide the best time to sell your home in Aurora, Newmarket, or any other part of the Greater Toronto Area, you need to sell its most convenient for you. Make the home sale fit your lifestyle so that it offers the least disruption possible since a move is a lot of work and can cause so much disruption already.
If you’d like some help trying to determine when the best time for you and your family to sell your home is then feel free to leave a comment, pick up the phone and call us, or send us e-mail and we can help you if you aren’t sure.