Spring real estate market is a very busy time. In the Spring every would-be home seller has a for sale sign on their freshly trimmed lawn, real estate agents buzz in the busiest time of the year and homebuyers come out of the winter hibernation.
Everyone wants a deal, everyone wants to sell and the market is flooded with a fresh inventory of homes to sell. Having said that, more homes are up for sale or sold during the Spring time than any other period of the year.
Spring best for home sellers
Spring is also the worst time to buy a home. Why? Because while there is more selection, there’s also more competition from other buyers. Spirits are up and people are willing to bid and pay extra. (Which means Spring is technically the best time to SELL your home, but first you should determine what your Toronto home is worth.
Summer good for buyers
In contrast Summer is a slow time of year. Too many people go on vacation and home selling or buying isn’t a priority.
The slow season is actually better for homebuyers because there is less competition and you’re more likely to have your offer accepted… especially if the sellers listed their home in the Spring and have yet to receive an offer. The sellers have become tired and are more willing to accept a lower price for their home.
Best time of the year to buy a home
The best day of the year however is not in the Summer. It’s actually Christmas Day. There are advantages to buying a house on Christmas Day.
1. Almost nobody looks at homes on Christmas Day. There is zero competition.
2. People on Christmas Day are usually in a good mood, celebrating and enjoying time with their family.
3. People are more inclined to be generous, lowering their price.
4. If they’re trying to sell their home during the Christmas season they’re serious about selling.
Of course if you can’t wait until Christmas there is no time like the present. You could start now by getting home listings by emailor searching local real estate listings in Toronto in the comfort of your home.
Simply give us a few details about your dream home in the form below, and we will email the latest home listings that fit your requirements the moment they become available for sale.
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