Decided to Sell Your Home In Niagara.
I put together some helpful Real Estate Information about buying or selling your home in the Niagara Region.
In real estate, location is everything but timing also influences your homes selling price.
When selling your home it is good to know what kind of market your in, Is it a buyer’s or a seller’s market?
When lots of buyers looking for homes but not many homes are for sale, this is called a "SELLER'S MARKET".
When lots of homes are for sale and not many
people buying them, this is called a “BUYERS MARKET”
Motivation of selling your home? How quickly do you need to sell your home?
In a SELLERS MARKET, very possible to get more money and a quicker sale.
In a BUYERS MARKET, more homes on the market competing for your potential buyer.
If you have to sell your home immediately or get a quick sale you may want to lower your asking price
When is it better to sell winter or spring. People buy all year round, more buyers seem to come out in the spring.
Buy first or sell first?
Many people are able to time their sale and purchase
so they close on the same date.
Buyers can make their offer “conditional on selling their existing property.
This condition ensures they're not going to have to pay for 2 homes.
When selling, and an offer comes in on your home and you havent found a home to move to
you can ask for an extention to give you more time or make the closing date longer.
If you have found your new ideal dream home before
you’ve even started to sell your old one.
Talk to your mortgage broker. You may
be able to Bridge Finance. This is when
your lender agree's to lend you
the money for your new dream home.
Determining Asking Price.
There are alot of people out there that want to buy your
home. The right asking price will attract buyers’
attention, and pay you a maximum return.
You don’t want to price your home too low or too high.
Setting a price too low means you could
miss out on thousands of dollars that some
buyer would have happily paid.
Setting price too high can scare away willing buyers
and leave your home on the market for too long. When
you lower the price, people may assume you are under
pressure to sell, and lower their offers even further.
Your goal is fair market value.
“Market Value” is a term that simply means the
maximum amount of money that interested
buyers are willing to pay for your property.
Remember, buyers comparison shop, especially
for something as expensive as a home.
Jamie Isherwood - Sales Representative
Phone: 905.329.2457
Email: jamie@jamieisherwood.ca
