Muskoka Real Estate Matters – By Maggie Tomlinson
As a professional Realtor, one of the most common questions that I get asked is … “When is the right time to buy or sell?” The reality is that no matter what the season, or the economy’s ups and downs, there are always opportunities in buying and selling real estate.
Sellers – Late summer into early Fall is an excellent time to get the listing process underway. Many buyers have been searching all season for that perfect fit but still haven’t found it. They will be ready to purchase if your property is priced right and meets their needs. However, if your timing just isn’t right until next Spring, then start pre-planning with your Realtor now. Photographs and virtual tours should be arranged soon – while the leaves are still green or starting to change colour This will ensure that your property will show at its absolute best when it does get introduced to the active market.
Buyers – Fall can be one of the best times to purchase your Muskoka retreat. There should still be plenty of inventory to choose from and many sellers can become more motivated as the prospect of a long winter season approaches. Typically properties that have been on the market without activity will begin to reduce asking prices to be in line with current market values. And the best part is that buyers can often negotiate quick closings and look forward to enjoying those beautiful fall colours at their very own Muskoka retreat.
Today, timing and pricing for a successful outcome are more crucial than ever. Remember – sellers and realtors don’t set the price – the market does. Statistics show that if a property is over-priced it can take much longer to sell, and may ultimately sell for less than it would have if it had been priced correctly from the very beginning.
Have high expectations of your Realtor, ask questions & remember – it’s important to make the right choices, whether selling or buying, and that starts with the right realtor and brokerage to represent your needs. Call me today to arrange a no cost, no obligation consultation, and to discuss strategies for effectively marketing your Muskoka property when the time is right. I’m looking forward to hearing from you!
Until next time – stay safe on the water and on our roads – and happy buying and selling!