The success of a real estate sale depends on the state of the market in the region where the property is located. In this article, you’ll learn how the Montreal seller’s market can benefit you as you sell your home.
In a buyer’s market, there are many sellers and fewer buyers. In a seller’s market, the opposite is true: there are many buyers and fewer sellers. If you’re a seller in a seller’s market, you start with the advantage of owning a rare commodity that makes potential buyers dream.
Just because you’re a seller in a seller’s market doesn’t mean you have to let the buyer decide everything. You have the advantage. You can walk away from this sale a winner.
That’s why we’re here to tell you how the Montreal seller’s market can benefit you as you sell your home.
How does the Montreal seller’s market benefit you when you sell your home?
Advantage nᵒ1: You can ask for a higher price.
According to the law of supply and demand, you can ask for a higher price (and maybe even receive it) because buyers don’t have many choices open to them. So you can take advantage of the seller’s market by asking for a little more money than you normally would.
Advantage nᵒ2: You can request the addition or deletion of certain conditions.
Price is only one component of the sale. Another important component is the list of conditions to which the sale is subject. This may include an inspection, an estimate, renovations or furniture and appliances left behind. These are all things your buyer could ask for. As a seller, you can also request that certain conditions be met. For example, you could leave the house in its current state and pass on the task of cleaning to the buyer.
Advantage nᵒ3: You can receive numerous offers.
A seller who receives only one offer may feel forced to accept it. On the contrary, a seller who receives many offers can afford to be picky . They can also negotiate with greater confidence. Take advantage of the situation by drawing attention to your property and letting the offers accumulate until you make the final decision. When the time comes, evaluate the offers one by one and choose the one that suits you best.
Summary
That’s how you benefit from the Montreal seller’s market when you sell your home! If you’re selling your Montreal home when the real estate situation is favourable, apply these tips and take advantage of the situation: raise your price, impose your conditions and let the offers pile up!