However you celebrate at this time of year, take the time to enjoy the spirit of the season with friends and family. I sincerely wish you all the best!
Kris
Archive for December, 2011
10 Top Reasons to List your Home During the Holidays
Don’t be afraid to sign a listing agreement over the holiday season. There are benefits to doing so – read on!
- By selling now, you may have an opportunity to be a non-contingent buyer in the spring when more houses are on the market for less money! This may allow you to sell high and buy low!
- You can sell now for more money and we will provide for a delayed closing or extended occupancy until early next year!
- Even though your house will be on the market, you still have the option to restrict showings during the 6 or 7 days around the holidays!
- January is traditionally the month for employees to begin new jobs. Since transferees cannot wait until spring to buy, you need to be on the market during the holidays to capture that market!
- Some people must buy before the end of the year for tax reasons!
- Buyers have more time to look for a home during the holidays than during the regular work week!
- Buyers are more emotional during the holidays so they are more likely to pay your price!
- Houses show better when decorated for the holidays!
- Since the supply of listings will dramatically increase in January, beat the crowd and the competition and list early!
- Serious buyers have fewer houses to choose from during the holidays and less competition means more money for you!
- People who look for homes during the holidays are generally serious buyers!
So – don’t be put off just because it’s the holiday season. If you are thinking of putting your home on the market, give me a call and we can talk about it.
Kris
Ottawa Market Update
Last month was the best November on record for resale homes in Ottawa and shows that even as we head into winter – a normally quiet time in real estate – our market is alive and well and, in fact, is thriving. The inventory of homes for sale is higher than at this time last year, indicating a confidence in the market on the part of sellers. Buyers continue to be pleased with the low interest rates.
Members of the Ottawa Real Estate Board sold 1,020 residential properties in November through the Boards Multiple Listing Service® system compared with 940 in November 2010, an increase of 8.5 per cent. The five-year average for November sales is 881. Of those sales, 244 were condominiums while 776 were in the residential property class.
The average sale price of residential properties, including condominiums, sold in November in the Ottawa area was $347,795, an increase of 7.3 per cent over November 2010. The average sale price for a condominium-class property was $265,800, nearly unchanged from November 2010. The average sale price of a residential-class property was $373,577 an increase of 9.2 per cent over November 2010. Since each area shows slightly different trends, if you would like to see what’s happening in your neighbourhood, contact me and I can send you the recent sales, average prices and any other additional information that you may wish to have.
Kris
About Kris Sherry
A resident of Ottawa since 1975, Kris has intimate knowledge of the city she has always loved and called home. Pleased to be able to share her knowledge of neighborhoods, history, restaurants, shops and points of interest, she understands the extreme importance, responsibility and integrity of helping to find the right home for the right person.