When it comes time to sell your home in British Columbia you have a lot of decisions to make, not the least of which will be when to put your home on the market. Many first-time sellers go into selling their home blindly without knowing the vital information that will help them sell their home faster and get the best price possible. One of those pieces of vital information is the best time of year to put your home on the real estate market, and it might make the difference between selling your home quickly and waiting several months to get the price you want. Before we discuss the seasons in detail, there are a couple of factors that you should get right before you even decide when to list your home, because without taking care of these issues, you could choose the best possible time of year to sell and still not have any results.
The Condition of Your Home Matters
Remember that you need to ensure your home is in the best condition possible before you list it. If you want to sell your home in three months, you should begin working on it right away. Even if you want to move out in six months, you should start immediately because you want to give buyers the impression of a home that is ready to move into. That means that maintenance and repairs that you have been putting off should be done as soon a possible so that the buyer doesn’t have to think about the work that they will have to do if they buy your home. In addition, your home needs to be stripped of your family’s identity before you start showing it to potential buyers. That means giving every single surface the white glove treatment, removing personal items and furniture that clutter up a room and possibly even bringing in different furniture to make a room look larger or to accent it better.
Pricing is Very Important Too
If you don’t price your home right, it won’t matter what time of the year you list your home because buyers aren’t going to be interested when there are many other competing homes that are priced correctly. Your real estate agent is your best source of information when it comes to pricing. They can tell you what your home is valued at, what similar homes in your area have sold for and which price range is the “sweet spot” for customers in this market. Remember that if you overprice your home at first, even if you lower the price later, buyers will wonder why the home was on the market so long without selling.
Spring & Fall Season
Spring has traditionally been touted as the best time of year to sell your home, but that is a generalization that might cost you because new market research has shown that your best time of year to sell depends very much on where your home is located. May and June are both great months for peak prices, in general, but if you’re in British Columbia homes sell year round. So, while Spring is general is what most people think is probably the best time to list your home, you should also include your location in deciding when to list. However, fall is also a great time to list, as prices are at their peak and you can take advantage of the seasonal theme and show off your fall colors.
No doubt choosing a real estate property is an exciting thing for us as it is their first home or office and for some or it is their valuable investment. Whatever the reason may be but people like to look out for something new. Whether it’s a new home or office, that feeling of occupying something new always excites most of us. I am sorry to break the bubble but real estate occupancy process is really long and tiresome. It is not easy to find the right home in the right area at the right price. Connecting all the dots can take long. Especially when you have some specifications in your mind. Most of all it is time consuming. You need to visit sites personally and keep all your important work aside. All these things may lead you to make some compromises and you might feel regret for your decision after some time. To avoid all these try to do an online property search, why you need to do an online search is mentioned below in the benefits.
Benefit of Saving Time:
You can save an immense amount of time by not actually visiting the place and instead going online. You clearly deduct the time of travelling and can jump from one site to other in a matter of seconds. You don’t need to deal with the traffic and weather problems too. You can do it anytime you want to regardless of other factors like your realtor or person whose site you are going to visit is free or not.
Benefit of Comparison:
It happens many times that your realtor or the person who is selling the property may lie about the pricing of the property. When you check online or post an inquiry in multiple sites, you can compare prices of different sellers for the same area and sometimes you can also have the same site uploaded by different realtors. All these gives you clear idea of pricing and also gives you the power of bargain as an online platform is more competitive as well as transparent.
Benefit of Convenience:
There are many mediums when it comes to the actual ground visit of a property. When you search online you are master of your own will. You can do all the research initially and that also at your convenience. You can use your leisure time while commuting or even late night. Now a days most the websites are providing street view, so you can easily see the surroundings and other specifications without actually visiting the place.
Benefit of Comparison:
This is one of the best feature for searching online for property. You can get two properties at different areas and different locations in the same screen. You can see the actual difference between two sites and have data which is better and why. Nowadays realtor websites take utmost care to provide actual data because of this feature. Some sites only provide comparison between different websites. Thus this is important factor to search online.
Benefit of Eliminating Mediums:
There are few platform online where you can directly meet the seller and get genuine pricing without the interruption of other mediators. Here you can even get details of the seller and you can even ask for live tour with video calling to check how the genuine the seller is.
Thus all these are the benefits of searching properties online. It is best you research and shortlist first and fix appointments online. This will save a lot of time. Thereafter before making the actual purchase you can physically visit the site.
Summer & Winter Season
Sales tend to be best in spring and fall, but they drop off during the summer. This could be for any number of reasons, but it is important to keep in mind that while not as many homes are sold in the summer that could be a good thing. You will have very little competition if you choose to list in the summer rather than the spring and that could mean that you sell your home more quickly than if you had listed a few months earlier.
Winter is also one of the low points in selling homes. Buyers tend not to want to house hunt during the winter but if you decide to list during the coldest season anyway you can always take advantage of holiday decorating to make your home sell faster and at a better price.
The Reason Why Online Real Estate Is Gaining Popularity
There are a large number of house buying companies all across the country that advertise as wanting buy houses in "as is" condition, in addition to being able to pay cash for them and close much faster than a conventional buyer. So why would you want to contact one of these companies in your area if you have a challenging house to sell? Also isn't it true that those types of companies just want to try and rip you off? These are two very important questions that I'm sure you have asked yourself if you have a fixer type house to sell that may not be best suited for the retail market in its present condition. For the remainder of this article I am going to address these important questions and more in order to help you better understand why these "We Buy Houses" companies exist and how you may be able to utilize the services they provide in your area.
If you happen to be in a situation where you need to sell a house that is in dyer need of major updating and/or some renovation and repair you can be sure that the traditional way of selling a house will be a bumpy ride for you. When people have a "pretty house" to sell they generally call their local realtor, have them come up with a list price that is supported by comparable properties and they list the house for sale on the RMLS realtor network. The hope is that other realtors will see the property and have a buyer for it, then soon thereafter you will be presented with an acceptable offer for the property and you will be on your way to a hassle free closing. Although no real estate sale is that easy these days, that is the general process for houses that don't need and major updating or repair.
So how do you know which "We Buy Houses" company to call to get the best deal? This is a great question and one that I'm sure you have asked yourself at some point. Make sure to do some research on the company ahead of time to see if they have a website, vanity phone number and anything else that makes them look like they are running a real organized business. Also make sure to ask if you can see pictures of some of there previous renovation projects, that way you know you are dealing with an actual rehabber and not just a real estate wholesaler who will be looking to sell the property to a rehabber for a profit. For my house buying company we actually built an entire website around showcasing all of our renovation projects, and I always share it with every seller that we meet with so that they can check it out in order to see what we are capable of. If you are able to find a quality "We Buy Houses" company in your area I would absolutely suggest selling your fixer property to them if you feel that the price they offer you is fair based on the amount of repairs that are needed. Just remember that there will need to be a profit in the deal for whoever buys your property, otherwise it will just sit on the market until you lower the price to a point where it makes sense to take the risk of purchasing it. I hope you enjoyed this article and found the information useful when it comes to selling a house in need of renovation and repair.
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