Skip to main content

Should You List Your Property This Year?

As you look to the months ahead, one question you might be grappling with is, "Should I sell my home this year?"

Unless you must sell - due to a work relocation, for example - then making that decision can be difficult. 

A technique that may make it easier is to ask yourself these questions: 

  • How much can we get for our property on today's market? 
  • Is there a dream area or neighbourhood we'd like to live in someday? (Maybe "someday" is sometime this year!)
  • Does our current property no longer meet our needs? (For example, we need another bedroom). 
  • Do we want to live closer to something? (For example, we want to be closer to relatives). 
  • Do we want to get away from something? (For example, we'd like to move somewhere quieter). 
  • How will moving make our lives better? 
Asking those questions will give you a clearer picture of the benefits of moving versus staying. That, in turn, will make the decision a lot easier. 

For example, if you discover that your lifestyle will be much better in a new home - because of an extra bedroom, faster commute to work, or quieter neighbourhood - then selling this year makes sense. Why wait? In fact, you should start the process right now to get an early start. 

If, on the other hand, you see no good reason to move this year, then not selling might be the right decision for you. 

Keep in mind, however, that you don't necessarily need a tangible reason to move. Simply "wanting a change" is enough! 

Comments

Popular posts from this blog

Holiday Travel Tips for Your Home

The festive holidays are approaching, and calendars are already filling up. Whether you’re staying with family around the country or taking an extended leave to escape the winter, you may be planning to leave your home vacant for more than a day or two. To ward against coming home to the wrong kind of holiday surprise, here’s what to do before you depart. Cheap Wi-Fi cameras Security equipment might sound high-tech and expensive, but securing your home against potential intrusion doesn’t cost much. For around $30, you should be able to outfit your home with WIFI cameras which are home assistant compatible. Shut the main water off Remember to shut off the main water supply if you plan to be away from your home for more than a day. In the event of a plumbing failure, your home could fall prey to serious water damage. Install smart water sensors in your basement Installing a smart water sensor in your basement can easily save a lot of money and worry. Some models will alert you to leaks a...

GTA REALTORS® Release November 2024 Stats

Greater Toronto Area (GTA) home sales increased strongly on a year-over-year basis in November 2024. Many buyers benefitted from more affordable market conditions brought about by lower borrowing costs. New listings were also up compared to November 2023, but by a much lesser annual rate. This meant that market conditions tightened, resulting in overall average price growth compared to last year. “As we approach the end of 2024, I am pleased to report an improvement in housing market conditions. Many home buyers patiently waited on the sidelines for reduced inflation and lower borrowing costs. With selling prices remaining well off their historic peak and monthly mortgage payments trending lower, the stage is set for an accelerating market recovery in 2025,” said Toronto Regional Real Estate Board (TRREB) President Jennifer Pearce. GTA REALTORS® reported 5,875 home sales through TRREB’s MLS® System in November 2024 – up by 40.1 per cent compared to 4,194 sales reported in November 2023...

TRREB MLS® SALES-TO-NEW LISTINGS RATIO NOVEMBER 2024