What’s the best time of year to sell my house in Winnipeg?
By Scott Moore, Realtor Year over year, this is one of the most common questions I get asked.
My first response: the best time to sell is when you need to sell. If you’ve been offered a new job in another province or you found your dream home, the best time to sell is now. Rest assured, an experienced and knowledgeable realtor can get the most value for your home at any time of the year.
However, if its 100% up to you, then the best time to sell your home in Winnipeg is June.
Here are a few reasons why:
1. The school year. Most families want to move in the summer and be settled into their new home before school starts. If you list your home at the beginning of June, then you should have a firm sale by mid/late June, which is perfect timing for a mid-August possession date.
2. The curb appeal. By June, the grass is green, flowers are blooming, and your home’s exterior looks its best. Curb appeal is important for getting more interest in your home because more interest usually equals a higher selling price. Also, showing off your pool, lawn, deck, BBQ area, etc, all helps buyers get excited about a home, which again drives up demand.
3. Buyers are starting to get antsy. Buyers that started looking in the winter or early spring and haven’t found anything yet are starting to get frustrated. The “must have” list that buyers start with in March is often a lot shorter by June, when they’ve had more market education and are usually a bit more realistic.
4. Its relocation season. We’ve handled hundreds of relocations for dozens of different relocation companies over the years, and we have noticed that they tend to want to complete their relocation over the summer months, making a larger pool of buyers in the market.
5. The weather. Simply put, everything in Winnipeg is easier in the summer! As well, animals want to get their dens set up before winter comes, and so do people. Urgency kicks in for buyers that want to set up their homes before winter comes.
6. There’s more competition. Naturally we think that more competition will be a problem—but in real estate, that’s not always true. Buyers are drawn to the market when there are lots of homes for sale. It may be your neighbour’s house that caught a buyer’s eye, but maybe it was too small or too big, which brings them to your house, which is perfect. When there are more homes for sale, there are more buyers.
What if you’re reading this in July? It’s OK. Even if you’re reading this on Christmas Day, we can help.
Give me a call at 204-995-7355 and we’ll make a plan.