What is a property worth?
That is the most important question one can ask in real estate. The answer is simply whatever someone will pay for it, and that varies according to market conditions which are heavily swayed by interest rates. If you a wondering the when to sell your place, in most cases the market has little to do with it. Price tends to be tied to monthly affordability and when rates are up prices are down and vice versa.
So when is the best time to sell? When you need to sell, or want to sell! If you are buying and selling in the same market, then the reduced sale price will also likely mean a reduced purchase price. The market really doesn't matter that much, unless you are leaving the market entirely. There is a wise saying in real estate, "It's not timing the market, it is time in the market that matters."
Real estate over a length of time has always been a smart way to invest your money and give you a great place to live.
If you are interested in a conversation about your real estate goals, please do not hesitate to call me or get in touch by email or text.
With my experience and dedication, my listings have attained well over asking price. In addition, I have helped clients secure many houses in competition (even without submitting the highest offer). I would love to help you make your real estate dreams come true.
Contact me anytime at 416-997-4285
