Ultimate Guide to Buying or Selling a Home in Canada
Real Estate Tips
As temperatures rise and the days grow longer, the real estate market also starts to pick up during the summer months. Similar to the spring, the summer creates several advantages for those looking to sell their homes, from enhanced curb appeal to more determined buyers looking to move quickly. Here are some of the top reasons you should consider selling your home in the summer.
Ideal Weather Conditions
Unlike the unpredictable weather of other seasons, summer offers consistently pleasant weather that encourages buyers to get out and explore available houses on the market. Longer daylight hours and warmer temperatures can allow you to fit more open houses and viewings into your days, including scheduling into the evenings, allowing buyers who work during the day to see your home as well.
Enhanced Curb Appeal
By the summer, your lawn and garden should be in full bloom, allowing your house to shine upon first impression. You can take advantage of spring’s milder weather to undergo any repairs or improvements to the outside of your home so that by summer your house is in top condition to hit the market. If your home has outdoor entertainment spaces such as a pool, fire pit, or patio, summer presents the perfect opportunity to highlight these features. Ensure that these spaces are looking their best to market the lifestyle benefits your home offers including potential for outdoor entertaining.
Urgency to Move
Warmer months bring a surge of buyer activity in the real estate market, with many families deciding to move during the summer to avoid disrupting their children’s school semesters. Listing your home for sale in the summer allows buyers to complete their home search and move into a new home before the start of the school year in the fall. Families who are hoping to be settled into a new home will be determined home shoppers, eager to seek out homes that meet their criteria and place an offer.
Competitive Market Conditions
Typically, fewer sellers choose to list their homes during the summer, so you can benefit from the favourable low-inventory/high-demand market conditions. You can take advantage of this seller’s market by pricing your home more competitively and may even have multiple potential buyers engage in a bidding war, allowing you to profit on your investment. Those looking to buy during the summer tend to be more serious about their intention, so you may be able to sell quicker in these conditions.
More Vacation Time
Many people choose to take time off work during the summer, which means that potential buyers may have more free time to dedicate to house hunting. Some offices also allow employees to end work earlier on certain weekdays as well. With fewer work commitments, buyers may be more willing to schedule viewings and attend open houses during the summer months, while the additional daylight hours enable you, as a seller, to fit more viewings into the day.
Selling your home during the summer is a perfect way to capitalize on higher buyer demand and the perfect weather conditions to highlight your home’s best features, attracting as many potential buyers as possible.
If you’re considering selling your home, our Sotheby’s International Realty Canada market experts can help determine the perfect strategy for marketing your house and walk you through each step of the selling process.
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