Real Estate is HOT This Summer: Why Now is the Time To Sell
Selling • June 10, 2021
Ottawa’s Real Estate Market has been remarkably hot over the past year, and as it still remains an essential service, it will not be cooling down any time soon. With the pent-up demand and the ever-changing, dynamic needs of buyers, summer 2021 is the time to sell. As listing and sold prices continue on the rise, buyers are more eager than ever to get in on the market. Many have been looking for months, potentially losing out on a home they love more than once due to low inventory and a surplus in people looking to purchase their new home. If you are teetering on the edge of should I or shouldn’t I when it comes to selling, here is why this summer is the best time for you to sell your home.
Your Curb Appeal is Better
Selling in the summer gives you ample opportunity to landscape your yard, and let your perennials and annuals make your gardens pop with colour. Additionally, with many buyers looking for better outdoor spaces, this is the time for you to show off your deck, patio, backyard, and any other outdoor features that make your home as great as it is. Attractive homes are more appealing to buyers, and with the summer working in your favour, they won’t need to use their imagination to picture how amazing life would be in your home.
The Demand is There
Many people are looking to buy homes in the summer, potentially looking for a closing date before kids begin school in September, but also because moving and travel conditions are in their favour. The summer season in Ontario is also the perfect time for homeowners to complete any renovations they may have in mind, enjoy their new property more, explore the community, and meet new neighbours easily. For Ottawa in particular, there is a huge demand for sellers as a low inventory remains, and a list of those looking to purchase continues to grow.
With such nice weather and especially over this past year where residents are appreciating time spent outdoors, more people are outside enjoying their neighbourhoods and exploring nearby communities. Residents are out looking for garage sales, enjoying family gatherings, and visiting friends that might take them down streets they don’t usually frequent. This means that more people will likely see the “For Sale” sign hammered down in your lawn. It could be one of these impromptu passings that finds the right buyer for your house.
Takes Off Some Holiday Pressure
Even if you are a household without children, or school start dates are not a concern for you right now, moving in the summer can still take some pressure off. With the end of the summer comes the holiday seasons. Thanksgiving, Christmas and New Years’ can be hectic times for families so having your home in order before the holiday planning ensues can make things run much more smoothly than if you were worrying about your move at this time.
Contact me today to answer any questions about selling your home this summer. Ottawa is a beautiful place to live and many people are looking forward to buying real estate within the city, and in the rural town and country locations that lie just outside. Despite the demand being on your side, we can work together to ensure your home is ready for a summer sale so that you can have the positive selling experience you have always dreamed of. I look forward to hearing from you soon!