Is It a Bad Time to Sell Your Home? How to Compete When Inventory Is High

Wondering why there are so many homes for sale in your neighbourhood? Is it a bad time to sell? Joe Gonzalez keeps it simple.

When inventory is high

At one point there were over 2,400 homes for sale in the Niagara region. If you’re thinking of selling in a market like that, you’re competing with a lot of other homes. So how do you stand out?

Step 1: Hire a good REALTOR® you can trust

You want someone with:

• Real knowledge of your local market
• Strong marketing that gets your home seen
• Honest advice, even when it’s not what you want to hear

Step 2: Price your home right

Joe says it in nearly every video, and it’s true whether the market is on fire or a ghost town: price your home right. It’s really that simple. A well-priced home stands out from the crowd and attracts buyers.

Then go buy a bargain

Here’s the upside: if there are thousands of homes for sale, you’re also a buyer in that same market. Sell yours at the right price, then go buy one of the many other homes for sale at a bargain.

Buyers: always protect yourself with conditions

Veronica Murphy shared a recent lesson. Her buyers had a pre-approval and everything looked good, but their financing still fell through. Because their offer was conditional on financing, they were protected and could walk away.

A pre-approval isn’t a final approval. Even when things look good, protect yourself with conditions.

Ready to sell?

Call 289-276-1716 or get your home value.