Ever wondered: When is best time of year to buy or sell your home?

Traditionally, the calender used to dictate the best and worst times to sell a home.

Winter was seen as “the wrong time to list” and spring was viewed as optimal.

However, once the word got out and this school of thought became mainstream, things changed.

The truth is, timing is everything.

Aside from nicer weather, a home tends to show better in spring and summer. More buyers may also be ready to buy as they might be using their tax refunds for the down payment. Plus, if they have kids, moving in summer means schooling isn’t interrupted.

WHILE THIS IS TRUE, IT HAS ALSO CHANGED

The general market follows this rule, but there are lots of successful home sales year round now.
Especially in places like Hamilton, Burlington and Toronto, where there are more buyers than sellers, houses are a hot commodity.

Many of my clients successfully sell their homes in the winter. You never know what situations people are in, and the market is always moving forward. It is not always the case, but winter can be seen as more of a buyer’s market due to sellers wanting to move quickly, hence the winter listing.

This summer, we had out busiest June in many years!! The market was so hot (and still is!)

We needed more houses to service all our clients who were looking. Hamilton/ Burlington ran out of homes to sell and plenty of buyers are still looking. This is rare, but it does happen – my suggestion to buyers would be to start the search sooner!

No two homes are created equal. Depending on the size, style, and location of your home, some seasons are more favourable.

Are you thinking of buying or selling this year? I would love to help you determine what time of year would work best for your family! Contact us today!

Our team of real estate sales professionals is committed to finding you, your dream home. Whether you’re looking to buy or sell, the Karen Paul team is here to help with any questions.