Timing is Everything - Decide the Right Time To Sell Your Condo

Pinpointing when to sell your condominium will be based on many different considerations, including:

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Comparable listings in your building - The quantity, quality and list price of the current comparable units listed in your condo building must be considered.

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Time of year - Real estate in the Waterloo Region, as in most markets, is seasonal. With December and January generally being slower months. However, there is surely something to be said for listing your condo when competition is at a low point and inventory is low.

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State of the real estate market - Consumer confidence and interest rates may affect the price of your condo.

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What's Motivating you? - If you're moving out of the region or have already purchased a new property, then that time line will likely trump all else when considering the sale of your property.

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Current competition for comparable condos in comparable buildings - While less important than what's going on in your building, if you have a one bed+ den and there are more on the market than usual, that will impact how long it takes your condo to sell.