SPRING/EARLY SUMMER 2012

IS NOW A GOOD TIME TO SELL MY HOME?

January 16 2012  Fred Bulletin

As I write this in mid January 2012, the banks have just announced that they are offering fixed term (Eg: 5 year) rates that are the lowest ever recorded. READ THAT AGAIN

Rates are the lowest ever recorded!

I am often asked "When is the best time to sell my/our home?"

With unbelievably low interest rates it means .....

• Buyers will qualify to borrow more money
• More Buyers will be "in the market"
• They will therefore be able to pay more/afford more
• MEANING PRICES WILL REMAIN HIGH THIS I GUARANTEE!!

So when is the best time to sell??

NOW NOW NOW NOW NOW

Call me so I can begin working with you on your plan

We have just come off of another spectacular year with regard to Real Estate value increases.    (SEE ARTICLE AT TOP OF THIS PAGE)   So with interest rates yet again forecasted by Bank of Canada and CMHC to remain virtually flat right through to 2013 .......  the answer can categorically only be ...  YES  NOW IS a good time to sell your home.

The largest portion of homes change hands between early April and end of June for summer closings.  That time frame is when the largest volume of potential buyers are looking.  When you have your home exposed to the largest number of potential buyers THAT is when you will get your highest dollar net return

In my opinion, the answer to "Why are prices continuing to RISE?" can be explained as follows.   GAS PRICES in my opinion are making the original Etobicoke to Scarborough up to Highway 7 boundaries FAR MORE ATTRACTIVE THAN EVER.  New buyers do not want the communting expense (never mind the travel time) so are looking closer to the Toronto core area.  Those buyers who are now making the communte from areas like Mississauga and Ajax Whitby are selling and moving closer to the Toronto Core.  In my opinion, this factor alone is having the greatest impact on pricing in Toronto.

It's the old "Location Location Location" factor.

Buyers seem more willing to give up some square footage and an extra bath for a better style of life!

So .....  Is it a good time to sell?

No ....  It's a GREAT time to sell!!

Call me for confidential discussion  any time.

FRED DREWRY  direct  (416) 948-8532

E-mail direct  TORONTOHOMES@ROGERS.COM