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How you can maximize your sale price… 5 Reasons to act now!

There is a common misconception that the best time for anyone to sell their home in Toronto is in the spring.  We’ve put together the following information, to show you how you can maximize your sale price by acting sooner, rather than later.

Reason #1:  Less competition.  The winter months are traditionally slower times for new listings. April through June usually sees an increase of up to 70% in the number of new homes hitting the market!  This means more choice for buyers and more competition for you.  The more properties prospective purchasers have to choose from, the less likely they are to submit full price offers.  Lower inventory also means a greater likelihood of competing offers, resulting in a higher sales price, and a higher net return on your sale.

Reason #2:   Only serious buyers look at this time of year.  Winter months have a tendency to weed out the lookers from the serious buyers.  People who are ready and willing to move don’t care if there is snow on the ground or that it gets dark early.  They have made a decision to move and they want to move now.

Reason #3:  Mortgage Interest rates are predicted to rise in the latter part of 2013.  Buyers are anxious to get settled before any possible rate increases occur.  Increases in rates decrease the amount of mortgage a family can afford, cutting them out of certain price ranges.  Buyers will be looking to maximize their purchasing power early in the year.

Reason #4:  Relocation is at its highest at this time of year.  Companies are anxious to get new employees settled for the beginning of the year.  Statistically, corporate relocations rise by up to 15% from November to March.

Reason #5:  Current market stability.  Right now, the market is perceived as stable, leading to greater consumer confidence.  In contrast, many economists are predicting that increased economic instability in the U.S may finally begin to have an impact in Canada, with a reduction in sale prices being widely discussed due to the U.S. fiscal cliff.

Reason #6:  The perfect gift to yourself – a new home.  Start your year off  the best possible way  in a new home for yourself and your family.  By the time everyone else decides to list their home for sale, you will be moved in to a new comfortable space.

To find out  how you can benefit from today’s market conditions, call the Kaushansky/Brown Team at 416-259-2444 or email info@ireneandphilip.com

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Irene Kaushansky, B.Sc., A.S.A., Sales Representative
Philip Brown, Broker

Keller Williams Neighbourhood Realty, Brokerage
Independently owned and operated
2968 Dundas St. W., Suite 303, Toronto, ON M6P 1Y8
Office number 416 236 1392
info@ireneandphilip.com