Episode 257 of the Toronto Real Estate Musing daily video blog.
George O’Neill explains that, yes, there is an optimal time to sell your home -- however it rarely has anything to do with the supposed ups and downs of the housing market.
What we should be really asking is, “How can we maximize the value of your home?” Many significant factors come into play, from the property’s location to the negotiation mettle of your real estate brokerage. Timing when to sell your home is often more about the seller(s) being ready than about the market. Real estate markets are local -- sometimes down to the street level. A seller(s) personal finances or life situation should be considered with significantly more weight.
Trying to time the real estate market is no different than trying to predict the financial markets. One can make broad assessments, however precise predictions would be tantamount to having a crystal ball. If we could all predict the future, we would never have market corrections or crashes.
The truth is, there are people buying real estate every week of the year, and often for personal reasons. The best time to sell is when you are ready.
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