From A Woman's Perspective: June 22nd, 2024 "Timing the Real Estate Market - Is that even possible?"

Timing the Real Estate Market- Is that even possible?

You know, one of the questions I'm asked a lot is about timing the real estate market. My clients ask me, “Should I try to wait for a good time to sell my house?” And I'm going to say, kind of, sort of, maybe, but it's not the most important part about the decision to downsize, because truth be told, none of us has a crystal ball. We want to make a wise decision that is going to maximize the outcome, but it's more important that the decision to downsize fits with your overall lifestyle goals.

Since COVID, we've seen the real estate market in Toronto do some crazy things. There have been times when the supply of homes for sale has been so far outstripped by buyer demand that prices skyrocketed, but no one could have predicted that coming. And there have been other times when the interest rates have rendered the condo market somewhat softer, because small investors are looking to liquidate their holdings since rents no longer cover the costs of their mortgage payments. 

So, yes, there are fluctuations in the market, but a skilled, knowledgeable realtor is going to be able to guide you as to the best times to sell your home, buy a property. These are things that we pay attention to every single day. There is not one time that is going to suit everyone.

We want to make a decision based on what suits you the best and meets your overall goals. That being said, I have been telling my clients to get ready for the fall selling market. This is anticipated to be a very busy time for real estate with the rumors of continuing interest rate decreases.

A lot of buyers have been sitting on the fence waiting for carrying costs to diminish, but in the meantime, prices are quite stable and in fact are increasing in certain areas. So the most important factor is connecting with a realtor who is a student of the market. That will help protect you against buying or selling at times that are going to end up being less than optimal.

For your free, no obligation property evaluation, reach out to me, Sharon, at 416-460-5636, or you can request it on our website, smartrealtysolution.com. Like everything at Smart Realty Solution, we strive to be of service to our clients and to our future clients. And while you're there, take a look at some of our downloadable resources that are there to help you as you prepare your home for sale. 

The resources that we have available online take you through the cycle of preparing your home for sale. It begins with “Downsizing Done Right”, which is the high level focus of making the decision and understanding what property options are and the financial implications that are going to suit your lifestyle, wellness, and longevity goals.

We also have “Best Renovations for Return on Investment” and it's a maximizing the return at the time of resale. And along with that we have a booklet called “Staging Secrets on a Shoestring Budget” and that's about getting our homes prepared for the visual marketing that we're going to be doing. And there are many tips and tricks that homeowners can do to broaden the appeal of their property.

And those are all free or low cost options that we highlight in that booklet. We also have our perennial favorite called,”The Decluttering Battle Plan” because everyone, no matter what age and stage they are, has more things than they need to hold on to. So the Decluttering Battle Plan is a straightforward five-step strategy to help you deal with surplus stuff 

And then finally we have a booklet called, “Condo Considerations” and this is really about the ins and outs of buying a condo. Understanding how condo fees are calculated and what the different options to look for for a senior-friendly building consist of. So as I mentioned, always free, always no obligation, and readily available on our website smartrealty solution.com. Well I'm very grateful that you're part of my team and I thank you.

Anyone interested in having a realtor that's in their corner long term and building a relationship and really responsible and experienced, give Sharon a call 416-460-5636. That's 416-460-5636. You'll always get Smart Realty Solutions.

Thank you, Sharon, and we'll talk again next week. Thanks so much, Marilyn.

Join Us On
Marilyn Wetson's "From a Woman's Perspective"

Listen To Our Recording Here!

CLICK TO VIEW MORE INFO