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- While spring offers a wider selection of properties, competition can be fierce, potentially inflating prices. Buyers looking for deals might find better opportunities during the quieter summer and winter months, albeit with fewer options available. The key is to stay informed and agile, ready to act when the right opportunity presents itself.
www.darylking.ca/should-you-buy-or-sell-this-spring-2024-canadian-housing-market/Should You Buy or Sell This Spring 2024? Canadian Housing Market
- Con: Expect Competition and Higher Prices
- Pro: April Showers Bring May Flowers — and Open Houses
- Con: Everyone’S Busy When You Need Them Most
- Pro: You Can Put Your Tax Refund to Work
- Con: Kids May Still Be in School
- Pro: Less Weather For Schoolchildren
- Con: Moving Costs May Be Higher
- Pro: Easier to Move in Nicer Weather
- Spring, Summer, Winter, Fall: It’S Your Call
“Because so many people do like to shop for homes in the spring, there tends to be more competition,” cautions Taylor. “You can find yourself more likely to get into a multiple offersituation in the springtime, depending on where you live.” When multiple offers are at play, buyers have less negotiating power. “If sellers are less likely to negotiat...
“If you were to ask anybody in my line of business, they would say that spring is the best time to buy real estate,” says Doug Greene, owner of Signature Propertiesin Philadelphia. Greene buys and sells homes throughout the year, and he’s well aware of the advantages that can come with buying a house in the spring. “With warmer temperatures and spr...
The thing with buying a house is that it’s rarely just a matter of handing over a wad of cash and calling it a day. As a homebuyer, you’ll probably need help from a variety of different service providers, such as: 1. Mortgagelenders 2. Home inspectors 3. HVAC inspectors 4. Appraisers 5. Closing attorneys 6. Movers 7. Friends and family Not to menti...
While tax time isn’t exactly a highlight for many of us, if you’re expecting a refund, this influx of cash can be helpful when buying a house in the springtime. “Your tax refund could be used toward closing costs, or even put directly toward your purchase,” says Taylor. “Especially in an environment where there’s extra competition, having those ext...
If you have children involved in public education, buying a house and moving in the spring might mean relocating your family during the school year. However, it typically takes up to 45 daysto complete the buying process, so a late spring closing can work to your advantage if you time it right.
With everything else your children are adjusting to with the move, as spring settles in, they will likely not be standing at the bus stop or walking to school in the freezing cold and snow.
Moving companies are likely to be busier in the spring, which can mean higher rates. The same may hold true for other services you might need. Like other industries, off-season winter rates often come with a discount. According to move.org, the cheapest time of yearto move is from Labor Day in September to April.
While you may not get the discount rate for a moving truck or movers, springtime is a much easier time to relocate. Nicer weather and clearer roads can reduce the stress of moving, as well as allow you to avoid tracking snow into your newly-purchased home.
At the end of the day, if you’re ready to buya home, the calendar should serve only as a reference point — not the final answer on when to pursue the real estate market. And no matter which time of year you’re shopping for a home, nothing is more important than having an experienced professional at your side. A knowledgeable agentwill be able to he...
- Richard Haddad
Mar 14, 2023 · Spring is usually the hottest market for home buying. Here, experts share their tips for making the most of home shopping, buying, and selling in springtime.
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- In Full Bloom. There are plenty of reasons to consider selling this spring. As the sun begins to warm the dormant winter soil, trees blossom, tulip bulbs bloom and strategically placed flowerboxes shine.
- All in a Day’s Work. Just the simple fact that there are now more hours of daylight means more potential buyers can view your home during the day – another great reason for selling this spring!
- The Kids Are Alright. Since a move can be quite disruptive for the youngest members of the family, selling this spring gives you the greatest chance of securing a closing date by the end of the school year.
- Highest Bidder. If you live in a major Canadian city, bidding wars have become an all-too-familiar scenario of the real estate reality. While they’re a pain for buyers, they can mean big bucks for sellers.
Waiting for Spring: Pros: Better Weather, Better Curb Appeal: Warmer weather allows homes to shine, and outdoor spaces are more inviting to potential buyers. Larger Buyer Pool: Spring is typically when more buyers enter the market, increasing the chance of multiple offers.
Feb 5, 2024 · While many home sellers wait until spring to put their property on the market, there are some distinct advantages to getting ahead of the curve this year and listing sooner rather than later....
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Jul 11, 2023 · According to conventional wisdom, the best time to sell is in the spring, which usually runs from March to May. (In some cases, such as Toronto, the market might start heating up as early...
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