With all the snow Kelowna has received in the last couple of weeks, it is hard to think that spring is just around the corner. When it comes to Kelowna Real Estate, spring the busiest time for buying and selling real estate. However many buyers are looking for a home right now and Kelowna is seeing very low inventory for potential buyers to choose from. With all the signs pointing to a great time to sell in 2013, why is your home not listed?
10 reasons to LIST YOUR HOME NOW!
- Buyers looking in winter months are serious.
- No need to worry about your yard work. Snow makes it look fresh and white.
- Less competition because of less listing inventory = Higher selling price.
- Easier time of year for closing transactions. Lenders, inspectors, lawyers not as busy which will lead to a higher level of service.
- Buyers begin the search and purchase for spring moves in January and February. Busy move times are March spring break, April Easter and May long weekend.
- Less choice for buyers means less sellers to play pricing against each other. Buyers are willing to make more concessions in their buying decision.
- Little chance of quick showings and not being prepared to show your home. Easier time of year to make appointments and give you advance notice.
- Everyone lists their home in the spring. Go ahead and beat the rush!
- Good time of year for school, work switches and transfer of corporate moves
- You might miss that right buyer, right place, right time being off and timing the market if you don’t list today.
The OKANAGAN MAINLINE REAL ESTATE BOARD (OMREB) has reported an increase in market activity for the last three years.
The Vancouver Sun reported that "there were some areas showing growth, including Kelowna (Okanagan Mainline), where the number of sales grew 11.8 per cent in 2012 from 2011, the total sales dollar volume rose 11.2 per cent and the average residential price was $377,979, up 0.5 per cent from the year before." This coupled with a positive report from the Canada Mortgage and Housing Corporation. "In CMHC’s recent Housing Market Outlook, the housing sales forecast for 2013 shows an increase of eight per cent in sales over 2012. Inventory is expected to remain on the high side, offering competitive sale prices and extending the buyer’s market sales conditions before leveling out by mid-year. And mortgages rates are predicted to rise only slightly in 2013."
If you’re considering selling your Kelowna real estate call Tiffany Munsey direct at 778-214-4843.
Talk to you soon…
Tiffany
tmunsey@coldwellbanker.ca
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