If you’re in the Kanata real estate market to sell your home, there may be a number of reasons for your decision. You and your family are at a crossroads where your current home is too small and you are anxious to move into your dream home. You may be on the clock and need to make the big move to the city in order to kickstart your new career. Perhaps it’s time for you to upgrade to a bigger turnkey home. Regardless of the situation, you need to know if this is the optimal time to sell and how to proceed quickly to maximize your profits in the Kanata real estate market. In order to help you feel confident about listing your house for sale, we will walk you through the best tips and tricks you need to know.
How do you know if it’s the right time to sell?
Consider these things before planning to sell, so you can take an informed decision:
Survey the housing market
If you are living within Kanata or Stittsville, make sure you survey the market with your real estate team. There were 1,459 sales on Ottawa’s housing market in November 2021, a 9% decrease year-over-year. The average sold price of a home in Ottawa was $644,158 this month, up 18.7% year-over-year. However, that’s still off from the $677,129 peak seen in March 2021. Consult your Kanata real estate agents to determine a selling plan based on your location, price, market, rate, etc.
Steady YOY growth
The Kanata Real Estate market is experiencing an all-time high year-over-year growth. Over time, home values tend to rise, except when natural disasters occur or inflation increases. A home’s appreciation or value is perpetual, so a seller can set a higher price. The stats below might help you gauge the status of the current housing market.
Not enough homes to sell
The Ottawa Real Estate Board says that Ottawa’s inventory of housing is far below what it needs to be to meet demand, driving up prices for buyers. There isn’t enough inventory of fair-priced homes in the market. Stittville real estate agents and Kanata realtors agree that they don’t have enough good properties to sell. So this might be the perfect time to list your house for sale.
Buyers are driven to make a purchase
The Kanata real estate market as well as the Stittville real estate market are full of motivated buyers. Homebuyers are scrounging for good homes, and they seem very determined. In the past year, home prices have soared. The combination of a pandemic, remote work, low interest rates, and a surplus of cash, have made buyers more inclined to lock down on high-value properties. If you’ve listed your house for sale in Stittsville, this might be the best time to sell. It truly is a seller’s market, as mentioned by Newswire.
Here’s what you need to do next once you decide to sell.
- Research your local housing market.
- Hire the best Kanata real estate agents.
- Declutter your home.
- Stage it to perfection.
- Hire a photographer.
- Set a fair price.
When you’re ready to sell, contact a Kanata Real Estate agent for help determining the right price and navigating the selling process. Ranked as the #1 Real Estate Group for Keller Williams Integrity Realty, Brokerage for Units Sold and the #4 Real Estate SalesGroup for Keller Williams Canada, The West Team is your reliable and trustworthy local real estate agents. We’ve got the best team of real estate agents within the Ottawa housing market, who are there to help you navigate the tumultuous real estate market. Get in touch with The West Team, and we’ll help you get started.