Monday, June 30, 2008

When is the Right Time to List your Orangeville Home?

When is the Right Time?????

One of the most frequently asked question I get this time of the year is when should I list my home on the market? The answer is , it all depends. There are some Factors that need to be considered I have listed only 2 but the list is much longer.

1) Does your Orangeville/Dufferin County home cater to singles or couples?

2) Would your home be suited for families with school age children? Is it a detached semi-detached or town home in Orangeville/Dufferin County?

If you own a county home, be preparded to wait longer, Country sales are have been slower this year due to the US problems and the price of gas.

Of course, depending on supply and demand, if there is limited inventory in your neighbourhood, now would be good time to be in the market.

If your own a detached, semi detached or a town home in the area, the Late summer is the ideal time for sellers to list their home. The fall market is typically the seconds busiest time of the year. Inventory levels are high and demand is usually quite high. The fall market usually starts in August and ends in early November. Buyers purchase in the fall and close in early spring or early summer so they can familiarize themselves with their new neighbourhood.

According to the Toronto Real Estate Board statistics, May 2008 set a new all time record with the highest inventory of homes ever recorded.

If you are thinking of selling this year, now is the time to get ready for the fall market. Be the first one in your area to be on the market. Let's get started by having a pre sale consultation so if there are significant work to be done before listing your home, it can be completed before the end of August.

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