Should You Worry about Competing Listings?

Imagine, you’ve been waiting for the right moment to sell your home. You’re finally ready
to pull the trigger and list it. Just as you’re about to put up the sign, you notice that a few
other FOR SALE signs have unexpectedly popped up in the neighbourhood.

Oh no! Now there are competing listings. Does that mean you should put your plan to
sell your property on hold? Not necessarily.

Why You Shouldn’t Worry About Competing Listings

Just because comparable homes are for sale in the area doesn’t mean it’s not a good
time to make your move. In fact, even if there is a sharp increase in local listings, active
buyers might still outnumber properties available. In that scenario, you’d likely get
several interested buyers.

Even in the case of a buyer’s market, now might still be the ideal time to sell. Don’t
forget, your home might have desirable features that some buyers are eagerly looking
for. That would give your home an advantage over others on the market.

In addition, a large part of a successful sale is in how a property is marketed and
promoted. With effective marketing, your home is more likely to be noticed by the right
type of buyers. That means buyers who are actively looking for a property like yours.
You never know when they will come along. If you are not on the market, they will not
see what you have to offer.

So waiting for the perfect moment to sell your home rarely makes sense. In most cases,
the best time to list is when you are ready. That probably means now if you have been
thinking about it and trying to time it right.

That being said, it is helpful to find out exactly what to expect should you list your
property in today’s market. To find that out, call today.