Why You Should List Your Home This Spring
Why You Should List Your Home This Spring
After a busier-than-normal winter, we are gearing up for another high-volume spring in the Ottawa real estate industry. If you’re considering selling this year, don’t wait for the competition to arrive. Here are seven reasons why you should list your home this spring and take advantage of the hot spring market.
It’s A Seller’s Market
Right now, we are experiencing an unprecedented seller’s market when it comes to real estate in Ottawa. Even though inventory is lower than normal, we are actually seeing a record number of sales. Basically, that means supply is low and demand is high.
Houses are selling very quickly and often for above asking. If you’ve been thinking about selling, you will likely see a quick turnaround if you list your home this spring. Get in touch with us to find out how we can help you navigate this fast-moving market.
The Weather is on Your Side when List Your Home in the Spring
As the weather turns warmer, buyers are more interested in getting outside to look at houses than they were when it was cold and snowy. And after spending the last few months indoors, sellers are also eager to get out of their old house and into a new property that better meets their needs.
Longer, sunnier days are also a big asset when you’re trying to sell a house. Ottawa real estate buyers are often looking for more natural light and a bright sunny room always shows better than a dark one.
The School Year is Almost Over
Not many people are willing to uproot their children with a move in the middle of the school year. As a result, a lot of buyers are looking to purchase in the spring for an early summer closing date. A spring sale also means everyone is settled in their new home in time to enjoy the summer months.
Selling a Home in the Winter Can Be Messy
Showing your home can be challenging even on the best of days. Keeping the place spotless and making yourself scarce for every potential buyer is no easy feat. Now think about how much more work it would be to show your home in the winter. The constant mess from snow and salt can make keeping floors and walkways clean twice as hard.
And now that many public spaces are closed, what do you do during the showing if it’s too cold to spend time outdoors? Listing your home in the spring means no winter gear or messes to deal with and you can enjoy your time out of the house!
You Can Take Advantage of Low Interest Rates If You List Your Home This Spring
The pandemic has brought many surprises for both the real estate and mortgage industries. After hitting record lows over the past year, mortgage interest rates could start to creep back up. While we can’t predict what rates will do with certainty, trends indicate that as the economy regains strength, interest rates could rise. But if you list your home this spring, you’ll be able to take advantage of the lower rates now.
Home Maintenance is Easier in the Spring
Making important updates and repairs before you sell can help you get the best price for your home. Major features such as the roof and foundation are both harder to inspect and to repair in the winter. By waiting for warmer spring weather, you’ll make it much easier to take care of all those important tasks on your quick sale to-do list.
It’s All About Curb Appeal
First impressions are everything, especially when it comes to selling a home. Your curb appeal is what wins over buyers when they first see your home. And it’s hard to make a good impression when the exterior of your home and all your landscaping is buried under piles of snow. On the other hand, the fresh green grass, budding trees and blooming flowers of spring make a great first impression.
Since the pandemic has made in-person visits less desirable, most buyers will drive by a home before deciding if they want to see more. That means you only have a few minutes (or seconds!) to grab someone’s attention. Listing your home in the spring lets you take advantage of the warmer weather to up your home’s curb appeal with flowers and landscaping.
Now is definitely a great time to start thinking about selling your home. With the help of an experienced Ottawa real estate agent, you can be ready to list your home this spring.