Burlington, Ontario has been an excellent option for people looking to invest in real estate for its peaceful community, excellent schools, and its easy accessibility to Toronto via highway or Go Transit. If you have moved here a few years ago, or have lived here for a while and have had a change to up-size to a larger home, the opportunity to maximize your profit is closer than you think. In this article, we will guide you through the strategic timing of up-sizing your home sale in Burlington in 2023.
Burlington’s real estate market has been showing steady growth over the years, with the average home price predicted to increase in 202There are numerous factors that contribute to the rise in value, such as the city’s investment in growth and infrastructure, the completion of various new developments, and the revitalization of key areas. That’s why, if you are planning to upsize your current home for a larger one, then 2023 might be the perfect timing to act.
Up-sizing: Timing the Market
Timing is everything when it comes to real estate. If your goal is to maximize profit from the sale of your property, then it is important to time the sale effectively. In a hot market, demand for properties increases, which in turn raises the price for both buyers and sellers. As per the predictions for Burlington real estate, the year 2023 is going to be an excellent time to cash in through the up-sizing of your home sale.
Preparing your Home for Sale
Before putting your home up for sale, preparing your property is a crucial step that guarantees making an excellent first impression on the potential buyers. From fresh paint to decluttering cabinets and closets, there are several things that you can do to improve your home’s value. Remember, a well-maintained home that looks move-in ready will likely attract more potential buyers.
Choosing the Right Real Estate Agent
The real estate market can be difficult for an unseasoned homeowner to navigate. That’s why it’s essential to choose the right real estate agent who has extensive knowledge of the Burlington market and knows how to maximize profit for the homeowner. When selecting a real estate agent to represent you, ensure they have an excellent reputation, have experience, and are highly rated among other agents.
The SousaSells.ca Team
The Tony Sousa led SousaSells.ca team has experience in selling homes in the Burlington area. With a 5-star rating on Google reviews, Tony Sousa has an excellent reputation and knows how to sell homes for maximum profit. With a team that includes a professional photographer, stagers, and even a drone pilot for outdoor photos, The SousaSells.ca Team is a fantastic choice for homeowners looking to upsize their current home.
Timing the Sale for Maximum Profit
As previously stated, 2023 is predicted to be an excellent year to up-size your home sale in Burlington. However, timing is still essential to maximize your profits. Selling your home during peak season (spring and summer) can yield higher bids, and less competition from the buyers means the seller, you, has an upper hand in negotiations for a higher sale price. When selling, also ensure to have the home staged (if you need help with this, enlist our top-notch staging team), invest in a professional photographer, and consider virtual tours to increase interest from out-of-town buyers.
Evaluating Offers
Evaluating offers is a tricky process, and it’s essential to have a knowledgeable real estate agent to guide you through it. The SousaSells.ca Team will help you navigate the offers to obtain the highest possible value for your property. In addition, don’t be swayed by the highest offer at first glance; make sure to consider the terms and conditions of the offer before agreeing to it.
Closing the Sale
Once you have accepted an offer and the conditions of the sale have been met, it’s time to close the sale. During the closing process, ensure that a lawyer is overseeing the sale to ensure there are no issues that arise from the transfer of ownership. The condo corporation may do an inspection if a condo unit that was on the condo status certificate, and then the lawyer will complete the final transaction in a few days.
Frequently Asked Questions
Q. Is 2023 the best time to sell my home in Burlington?
A. Considering the increasing value of Burlington real estate, 2023 looks like an excellent opportunity to sell your home, especially for someone looking to up-size.
Q. Do I need a professional photographer for my home listing?
A. Yes. A professional photographer’s photos will capture your home’s best features so that your listing attracts more potential buyers.
Q. Do I need a highly rated real estate agent to sell my home?
A. Absolutely. A highly rated real estate agent is qualified to price your home competitively, negotiate on your behalf, and ultimately help you sell your home for maximum profit.
Q. How long will it take to sell my home?
A. Generally, it takes around 3-4 months to complete a transaction for a residential property.
Q. How can I evaluate an offer if I get more than one?
A. Always evaluate the terms, conditions, and financial offer in detail before finalizing a deal to ensure maximum value for your property.
Key Takeaways
• Timing the sale of your home in Burlington, especially up-sizing it in 2023, will help you maximize your profit.
• Preparing your home for sale by decluttering, painting, or home staging will give you an edge over the competition.
• Evaluate the offer and its terms and conditions, not just the highest price you receive.
• The SousaSells.ca Team has the experience and the tools you need to sell your home for top dollar.
The real estate market in Burlington, Ontario is excellent for both buyers and sellers. For homeowners looking to up-size their homes, timing the sale during the peak season of spring or summer is crucial. By following our guide and enlisting the help of The SousaSells.ca Team, you can maximize your profit and find the dream home you’ve always wanted.
