Why Fall is a Great Time to Sell Your Home in Toronto

As we enter the fall market, people tend to take their homes off the market in order to wait until next spring or summer. Don't be fooled though, the number of buyers makes now a fantastic time to sell.

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As we get back to school, we get back into the fall real estate market.

We just had two clients in the office today who asked if now is a good time to list their properties. We ended up listing their properties because now is a phenomenal time to list. There are a couple of reasons why that is:

As you may have seen recently in the news, the Toronto real estate market in August saw a 17% increase in prices over last year's prices. A lot of that is in Toronto, but a lot of that has spread to the suburbs as well.

Second is the lack of inventory. A lot of people selling their homes have pulled their property off the market and are waiting for spring or summer of next year. There is less inventory to show to the same (or even more) buyers that are looking to move before the end of the year. Their plans for job transfers, mortgage commitments, and family plans haven't changed - they still want to move in 2016.

There are a lot of motivated buyers out there looking; there is just not a lot of inventory to see. As a seller, that's great news because you have more buyers out there looking at your home.

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There are a lot of motivated buyers out in the fall and not much inventory.

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The third reason that now is a great time to be in the market is that weather-wise, it's still like summer! We still have 30 degree temperatures and late sunsets.

If you have any more questions about selling in the fall, please don't hesitate to give me a call or send me an email. I'd love to help you out.