PEI Real Estate Report - Winter is a Good Time to Sell

It's the new year and many of you have made the choice to put your home up for sale. it's not uncommon for people to think that spring is the best time to put their home on the market since we've come to believe that is when activity starts to happen after the new year. Changes have been happening in the marketplace and this year more than ever, we are finding that the market has not cooled off over the winter months. With our milder winter we have seen more activity than normal. The travelling is good and with the days getting longer, it is putting people in mind of spring. There are advantages to listing your home now vs. the spring, there is less competition in terms of what other homes are currently on the market. Interest rates right now are very low. People house hunting in the winter months tend to be motivated and serious buyers. Winter gives the buyer the opportunity to see how energy efficient a home is and get a sense of its overall warmth. So if you were thinking about getting in the market in the spring, you may want to rethink it. Your house or your buyer could be out there now.


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