<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=294326554740919&ev=PageView&noscript=1" /> Should you list now or wait until Spring? - Wilson Sisters

Should you list now or wait until Spring?

20 January 2012
Wilson Sisters

It seems every year at this time, those who are planning a home sale in the Spring are asking themselves, when do we list? Should we hit the market now, in January, or do we wait until the warmer weather and the start of the ‘Spring market’ in March/April?

We had a preliminary listing appointment this week where we addressed this question in detail, so we thought we’d share our answers with you here.

This is why NOW is a great time to list.

  • It can take up to 3 months for the average Buyer to find their home, so houses listed right now are in a better position for Buyers looking to close in the Spring.
  • The number of home sales in January typically drops by almost half of the previous year’s peak. When there are fewer houses competing, houses that are priced and staged well stand out from the competition. There is currently a lack of supply and pent up demand most definitely in some areas of Toronto. We have buyers ready to go, but not enough inventory right now to show them. This can translate to a higher sale price for you, and possibly even a multiple offer situation, something that is quite common in the current market.
  • Weather in Toronto this winter has been unseasonably warm, translating to more buyer activity than there would be if we were buried in snow. Buyers are braving the elements to attend open houses and view properties with their Agents.
  • Lenders, appraisers, home inspectors, lawyers and other vendors see a drop in business during the “off season” so this can sometimes translate to a savings for buyers/sellers.

There has never been a better time to sell your property in Toronto. If you’re thinking of giving it a go this Spring, we HIGHLY recommend that you get moving quickly and consider beating everyone else to the market. Call us to learn more about maximizing your investment.