By Miguel Fernandez
Is It Now a Good Time to Sell?
I always say that the best time to sell is when nobody else is selling and the best time to buy is when nobody else is buying. The less competition you have, whether you are a buyer or a seller, the better.
2020 has started with many buyers entering the market with only a few listings available. As a result, these few lucky sellers end up profiting huge with the sale of their houses.
I have been involved in multiple bidding wars in the GTA since the beginning of the year. Last week I was in a multiple offer situation for a Toronto home that needed a lot of work. The home had a listing price of $999,000 whereas comparable sold properties in the area showed a price of around $1,100,000. After 31 offers, the house sold for $1,370,000.
This is happening everywhere in GTA right now; houses are selling fast and for very high prices. Buyers are fiercely fighting for properties, which are being sold way over the asking price. NOW is a VERY GOOD time to sell because most sellers haven’t realized that the market is favouring them. Once more and more people start selling their homes, the market will ultimately balance out.
If you are thinking of selling your home, please take advantage of the current market conditions and hire a true professional. Remember that if you think that hiring a professional is expensive, wait until you hire an amateur.
If you want to know about most common mistakes seller make, why some houses don’t sell and how marketing your house the get more profit, please click the brochures below
Click the images above to learn more