Imagine this; you've been waiting for exactly the right moment to put your home on the market. But then, just as you're about to put up the sign and list, you see other FOR SALE signs unexpectedly popping up around the neighbourhood.
So now there are competing listings. This is a fairly common scenario, but does that mean you should put your plan to sell your property on hold?
Just because comparable homes are for sale in your area doesn't mean that 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. And buyers love choice, so in that scenario, you quite likely to 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 searching for, giving your home the advantage over others on the market in the same area.
Also, a large part of a successful sale is in how a property is marketed, promoted, staged, and shown, and with all of these done correctly, your home is more likely to be noticed by the right type of buyers who are actively looking for a property like yours.
In conclusion, waiting for the perfect moment to sell your home rarely makes sense. In the majority of cases, the best time to list is now. That being said, it is helpful to find out exactly what to expect should you list your property in today's market.