Selling Your Property in the Spring
Spring and summer are often thought of as the best times of the year to sell a property. In almost all housing markets they have the largest number of buyers looking for their new home after a long winter of waiting. With record January sales and a booming February that saw sales the highest in five years, the Peterborough and Kawartha area, for one, can expect an even more active market this spring. This season will also come with a lot of sellers, however, with house listing numbers likewise on the rise. With that in mind, here are some tips to help you stand out from the crowd when you put your property on the market this spring.
Ready for a Profitable Year?
Create a Property Investment Plan
A roof over our heads is a necessity of life, and property is one of the largest life expenses for most of us, as our property needs grow and change through the stages of our lives. Along with a continued overall increased population, this growth and change contribute to an ongoing general growth in the real estate market.
Among many other reasons, that is why the property has long been one of the major investment vehicles against inflation, remaining a safe haven for investment through the highs and lows of the economy, even in recent tumultuous economic times. Real estate investors benefit from the tangible nature of property and its stable growth in value. As a result, it has attracted large numbers of private investors, venture capitalists, mutual fund managers with derivative products in the security market like REITs, focusing on property investment and property development, which has been booming in the past decade.
Benefit from Property Investment
Time for a Change
Property and housing will be the biggest expenditures of most peoples’ lives, while the next biggest expenditures for many people are their children’s’ education, and saving for retirement. Our property needs change with the stages of our lives, and if you are wise, you can turn your property expenditure into a property investment that will build your wealth and position you well for the next stage of your life, whatever that may be.
You may be:
- A first time home buyer
- Buying an investment property to make a profit (to save money for retirement, and/or your children’s’ education)
- Upsizing for new children, or grown children who want their own rooms
- Upgrading to a better or more suitable home as your financial resources increase
- Buying a cottage
- Downsizing to a smaller home
- Making a house change for retirement (which could include a smaller home, or something close to family or recreation, etc.)