When is the Right Time to Buy or Sell a home?

October 6, 2014

When is the Right Time to Buy or Sell a home?

housing_market

I t is an increasingly complicated world we live in. There’s a lot going on locally, nationally and internationally. At times, given the steady media blitz which bombards us daily with reams of information, it can all become quite overwhelming.

The Real Estate Market, both in Ottawa and in the Kemptville area, has seen some minor fluctuations over the past several years. For a period of time Kemptville homes saw a fairly regular appreciation from year to year. In some cases appreciation may still apply and in others this will have a less pronounced pricing effect. So what is the right price for your home? What is the right price for you to pay if you are purchasing a home? When is the right time to sell or buy a home?

There are so many questions which you may have with regards to engaging in a Real Estate Transaction. Now more than ever you need to rely on the skilled expertise of a Real Estate Agent.

We at “Home 2 Home Connection“, a Real Estate Team at Royal LePage Gale Real Estate in Kemptville, assist people like yourselves in successfully achieving their Real Estate goals. Allow us to answer your questions and to give you professional, well grounded advice.

After all, the sale or purchase of a home may be the largest financial consideration you make. We’re here to help.

Take a moment to read the following Royal LePage Gale Real estate excerpt.

“When is the Best Time to Sell Your Home?

It’s a question all consumers have when contemplating the sale of their home. Is this a good time to sell? How is the market fairing?

We all want to ensure that we get the highest net return on the sale of our homes. But how can we be sure that the timing is right when we are ready to make a move?

These question can be quite daunting but can be answered by using the services of a trained professional real estate agent.

When consulting with your real estate agent there are 3 very important questions that you need answered.

  1. How many homes, similar to yours with respect to Age, Style, Size, Neighbourhood & Price Point are available for sale?
  2. How many homes similar to yours with respect to Age, Style, Size, Neighbourhood and Price Point have sold in the last 3-4 months?
  3. How Many Days on the Market have the present similar homes been available for sale and how long did it take for similar homes to sell?

Once your agent analyses these main factors, Supply & Demand, they can determine whether you are in a Buyers Market, a Sellers Market or a Stable Market.

Upon determining Market Conditions specific to your home, your agent can then complete their in-depth pricing evaluation of your property by taking into consideration the improvements you have made to your home, the extras, the features, the inclusions and the condition of your home. They will also be able to set your expectations as to the marketing time (Listing Period) needed to ensure the highest sale price possible.

Call one of our highly trained Royal LePage Gale Real Estate professionals on any questions you may have regarding the best time to sell.

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