Is This a Good Time to Sell?
In real estate, timing is not everything but it does influence your home's selling price.
Is it a Buyer's or a Seller's market?
When there are lots of people looking for homes but not many for sale this is called a "Seller's market" because the Seller has something everybody wants. When there are more homes for sale and not many people buying them this is called a "Buyer's market" because Buyers have more power of choice. In a Seller's market top price and fast sale can go hand-in-hand. In a Buyer's market you have more competition. If you want to sell your home quickly you may wish to lower your asking price a bit to speed up a sale. If you're also buying a home this minimizes the "playing the market" effect.
Ask your REALTOR® for advice on the current conditions and to discuss how that affects the sale of your home.
Buy first or sell first?
Many people are able to time their sale and purchase so they happen on the same "closing date". Buyers can make their offer "conditional" on the sale of their existing home, to make sure they're not left paying for the upkeep of two homes. When selling you can try to extend the "closing period" to give yourself more time to find your next home. REALTORS® are very skilled at this sort of negotiation and can make the transition a lot easier.
Is it the right season?
It's true, winter sales tend to be slower and spring sales are more brisk. Regardless there are always people looking to buy Salmon Arm and Shuswap Real Estate. Discuss this factor with your REALTOR® to see what impact it may have on your property.