When is “The Best” time to sell? The question that comes up from our clients more than anything else. And honestly, it’s hard to say that right now might not be the best time we’ve seen in a very long time. So much so, that I keep trying to convince my wife that we should consider listing our own property .I’ll keep you posted on how that goes. Haha.
The interesting thing is that “The Best” time to sell very rarely in my career has been “The Most Convenient” time or the time that is the easiest to manage for clients. It’s the middle of winter and if you have a family or weekly routine, the thought of moving right now in the cold seems daunting I’m sure. But I’m here to tell you, you may want to strongly consider it. Especially if you have a secondary condo or townhome property that you’ve had trouble selling in the past. Inventory levels across the board are very very low. And there are a ton of buyers on searches right now just waiting for the next properties to be listed. Because of this, we are seeing some multiple offer scenarios again in the detached market and we are seeing multifamily, condos, and townhomes selling at rates we haven’t seen in a long time. This is boding very well for sellers and selling prices in all categories. And try not to stress if you’re considering selling soon, we have an unbelievable support team to help with getting your home ready to sell in these colder months and can help make your sales process as seamless as possible. Even in a less convenient time of year.
In a couple months as we get into some warmer weather and closer to spring, there will inevitably be more inventory to hit the market (as there always is) and although a more convenient time to sell, there will be more selling competition to deal with. Yes I get it, if you sell your primary residence now, then where do you go? Well, maybe we look at negotiating an extended possession date to give you time to find your next home, or we look for an in between place to stay. Not everyone has an “in between” option to live in if they sell. But if you do, or can find a solution in the short term (maybe even a short term rental) you might strongly think about taking advantage of this seller’s market. And then buy when more inventory comes on later in the year. Hey, no one ever has a crystal ball, and lots can change in a hurry as we know. But if there was a good time to take a shot at timing the market right, this sure is looking like good timing.
Always here to chat about your options and any other questions you have on our Real Estate market. Don’t hesitate to reach out! Wishing everyone an amazing start to the year!
Inventory levels are at an all time low! Usually sellers wait until the cusp of the spring to hit the market but with sales activity as strong as we’re seeing, waiting could be detrimental depending on your home style and location. With the spring market, we see a soar in inventory, which means increased competition and choice for buyers. With the buyer pool only growing by the week, listing before spring could mean a quick sale and even multiple offers.
If you’re wanting to get a heads start and list before spring, here is my checklist:
1) Put the time in pre-listing maintenance: Now is the time to get those repairs done and start to clean and declutter. It takes longer than you think and contractors are booking up quickly!
2) Know area competition and recent activity: Your agent can help with this! Do your research on comparative properties and know the stats: what they listed for, what they sold for, how long it took and how your home differs/compares.
3) Just because it could be a sellers market you’re entering, don’t skip on preparing your home. This is a rookie mistake if you think your home will sell quick. Take the time to present your home perfectly- make sure it’s clean, the photography is professional and the marketing is curated and bespoke. I am a huge advocate for strong presentation and marketing. It’s always something I invest in for my clients.
4) Hire an experienced agent. This can make or break your transaction. Ensuring you hire a competent realtor will help the process work to your benefit.
Magnificent New England inspired estate home backing onto the ridge on ultra-prime Ridge Road in Elbow Park. Constructed in 1950, this exceptional property boasts over 8,000 square feet of total living space and has undergone a series of multimillion dollar renovations to elevate every detail to the highest standard. The opulent property begins at the curb, where you are met with tasteful landscaping secluded in privacy and immaculate Cape Cod inspired facade. Brazilian cherry heated hardwood flooring expands the length of the main floor and the graciously sweeping fireplace sets the tone for the finery within. In the formal living room, a marble fireplace mantle circa 18th century has been imported from Europe, guaranteed to be the conversation starter with discerning guests. The formal dining room space swathed in Phillip Jeffries wallpaper is one of many areas to congregate over perfectly prepared meals. The kitchen boasts custom built zebrano veneer cabinetry, caesarstone countertops, oversized island, full suite of SubZero & Wolf appliances with gas, electric grill and induction cooktops. The living space off the kitchen is ideal for hosting as guests can marvel at your culinary prowess. Gorgeous custom millwork and a silver wave marble faced gas fireplace in the media room will comfort you on cool fall evenings, and the spacious main floor office space secluded behind a hidden door is a great work-from-home environment. Age your special reserve labels in the chilled wine room. Upstairs boasts 5 bedrooms including the primary suite which is truly palatial. The closet is a dream as is the sunny sitting area and 6pc spa-like ensuite bathroom with steam shower, heated flooring with hand laid silver leaf on the ceilings and walls. The lower level offers a huge recreation space including billiards room, wet bar, media area, HD golf simulator and large fitness area. Additional cedar-lined closets in the basement ensure bountiful storage throughout the home. The luxury extends outside, where your expansive patio and grounds overlook breathtaking views of the ridge, 180 degrees of north, east and south exposures of the city.
For more information, contact me directly!
• S O R R Y S O L D • 📍280 Edenwold Drive NW
Congratulations to my clients on the purchase of your gorgeous new home in Edgemont! We couldn’t be happier for you and your family, what an amazing ridge location!
#BlueSold #SorrySold
