What is the best time to sell my home?

1. Best Time To Sell a Home in Winnipeg Bo Kauffmann REALTOR

2. Best Time To Sell a Home One of the most common questions I receive as a real estate agent is :”What is the best time to sell my home?” (The other common questions is : “What’s the best time to buy a home?”) Sellers have to be careful whom they ask this question: Some real estate agents will reply “Right Now”, no matter what time of year it is. A client of mine called me, telling me that he had bumped into a REALTOR at a local gym, and had been advised that ‘Right Now’ was a great time to list his condo. It was mid-January, condo sales were at an all-time low and there were in fact 6 other units in my clients complex for sale…..and HAD BEEN for sale for several months. Clearly, “RIGHT NOW” was NOT the correct answer. But how do we determine which is the right time to sell (or at least LIST) a house or condo in Winnipeg? Listing your home: What’s the Listing your home: What’s the competition? competition? Let’s say that you’re thinking of selling a 1,200 ft bungalow: It would be in the sellers best interest if there were NOT another 15 similar homes in your neighbourhood for sale at the same time. That’s the sellers competition, and the fewer homes for sale, the better for the seller. Let’s take a look at available houses and condos on the 15th of each month, in 2018. These numbers reflect available homes ON that date, IN Winnipeg (including Headingley and E.St Paul. Two factors in selling a home Two factors in selling a home There are two main factors involved in determining the best time: One is “How many listings are available for sale?” and the other is “How many buyers are looking to buy right now?”. Neither of What is the best time to sell my What is the best time to sell my home? home? these factors can be used in a vacuum. It’s like knowing how fast you’re going, but not knowing the distance of your destination. Or, knowing how far you have to go, but not knowing the speed at which you’re travelling. So lets take a look at the first of these factors; How many listings are available at any given time in Winnipeg! Selling a Home in Winnipeg Page 1

3. Best Time To Sell a Home Best time to sell my home in Best time to sell my home in Winnipeg? Winnipeg? Best Time To Sell my Home? Best Time To Sell my Home? In a nutshell, if a home seller has the option, they are well advised to list their homes anytime from February to June of the year. Now this is a very general response: A general market report like this does not address your specific neighbourhood, price range, style of home etc…. So if we went by THIS chart, then listing your home in April thru July would be best. However, as mentioned earlier, we need to look at both factors and how they interact and relate to one another. For example, available listings might increase one month by 25%, making it tougher to sell your home. But if buyer activity increased by 40%, it’s actually BETTER for the seller overall. For example, if you’re living in Lindenwoods, and there are currently no homes in your price range for sale, it may be a great time to sell, no matter what time of year it is. Alternately, if your neighbourhood has 5 homes just like yours for sale, it may be a BAD time to list. Combine the two stats Combine the two stats So how do we determine this? The answer is called “Inventory Levels”…. it’s the answer to the question: “If no one listed their home from here on, how long would it take to sell all available homes at the current rate of sale”. It measures current available home levels against current buyer activity. The result is given in “Days of Inventory”, and the lower that number, the hotter the market. Here are the results for 2018’s Housing Market in Winnipeg. When you are ready to sell your home, you should ’ll contact me. You get a no-obligation, no-nonsense look at the market and your best options for selling your home. E-Mail Me Email me to book a free, no obligation market evaluation Learn more Now we see that the increased buyer activity in the months of February and March are starting to heat up the real estate market, and end in a real sellers market in the months of April – July. Selling a Home in Winnipeg Page 2

4. ABOUT BO KAUFFMANN, REMAX PERFORMANCE REALTY GET SOCIAL After serving 24 yrs as a City of Winnipeg Police Officer, Bo Kauffman retired in 2005 and joined the largest REMAX office in Winnipeg. He started his career as a Lic/Asst. to another real estate agent, and spent the first 2 years learning the trade. Facebook In 2006, Bo earned the designation of A.B.R. (Accredited Buyer Representation), additional training and certification in the field of home buyer representation. Instagram HELPING HOME BUYERS Bo enjoys working with house and condo buyers in nearly all price ranges in Winnipeg and close surrounding communities. Buyers find him to be very helpful and easily reachable, either via phone, text, email or numerous social media channels. In 2007, he cast off the life-line and became a full real estate agent. That first year he earned the REMAX 100% Club award and has not looked back since. Pinterest HELPING HOME SELLERS When representing house and condo sellers, Bo? s clients enjoy the most extensive marketing plan in the industry. From taking professional photographs of the property, to superb and expansive marketing, Bo Kauffmann leaves no stone unturned in his effort to advertise and market the sellers property. LinkedIn Website Call, Text or email me anytime 204-333-2202 boknowshomes@gmail.com Originally Published at https://blog.winnipeghomefinder.com