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How to ‘Spring’ Into the Spring Real Estate Market

Hooray! We made it! Spring is (finally) almost here! Time to say goodbye to Old Man Winter and hello to a fresh new season. It’s also time to say hello to the spring real estate market. 

Although winter can be a great time to sell or purchase a new home, historically, spring is one of the busiest times in real estate. If you are looking to get in on the spring real estate action, here are 4 easy ways to be on top of your real estate game: 

  • Spring clean and organize 

Now that spring is on its way, it’s time to refresh and reorganize. A good spring clean will not only help to lift your spirits, it will also ensure that your home or condo is in tip-top shape if you are intending to sell this season. 

If the task of spring cleaning your home seems daunting, you can try breaking it down into smaller chunks. Focus on cleaning the kitchen from top to bottom one day and organizing and putting away any winter items you no longer need. 

For creative organization tips and tricks, check out our Pinterest. It is a great source for helpful cleaning, organizing and storage solution ideas. 

When thinking about spring cleaning, remember to include the outside of your home too! Cleaning decks, patios and patio furniture and getting your gardens ready will help to increase curb appeal and help to get your home ready to wow potential buyers. 

  • Make a list 

If you’re looking for a new home this spring, it’s essential to have a clear idea of what you are looking for. Sit down as a family and brainstorm features you would like to see in your new home. Include things like the number of bathrooms and bedrooms, location, yard size, and any specific features like granite countertops or minimal stairs for example. 

When thinking of your dream home, it can be easy to get a bit carried away. Remember to keep your budget in mind when creating your list. You may even want to create two lists; one list of things you need to have and another list of things that can be considered nice to have – but not mandatory. 

  • Research the market 

Once you have a solid grasp of the features you are looking for in your new home, you’ll want to do a little market research. There have been some changes recently in real estate that you should know about in order to prepare for the spring market, depending on your location. For example, home sales in some areas across the Province have slowed down a little due, in part, to rising interest rates and new mortgage stress test regulations. This means that we might be transitioning from a Sellers’ market to a Buyers’ market (good news for buyers, not so much for sellers).  However, if the low inventory of product available continues, prices may remain the same or even rise, especially if interest rates stay static due to the volatile economic situation. In other words, it is unknown what kind of market will present itself in the spring, so preparation for either a Sellers’ or Buyers’ market is key to your success whether you are considering selling or buying.  Additionally, as a Buyer, if you get pre-approved for a mortgage before your spring house-hunting begins, you’ll know exactly what amount of a mortgage you’re approved for so that there are no surprises, and you’ll be in a better position to compete for that new home if there is a lot of interest or even a bidding war. 

  • Find a real estate agent that ‘gets you’

Finally, once you’ve done a little research, it’s time to look for a Realtor® that truly ‘gets you’. Your Realtor® will help you understand current market conditions and will know the details about your local market. They’ll also ensure that your best interests are protected, meaning that your home sells for the right price, and/or you purchase a home that is within budget and a great match for you and your family. 

If you’re selling your home or condo in Collingwood, Wasaga Beach, Grey Highlands, Blue Mountain or the Georgian Triangle area, talk to us at Clairwood Real Estate. We pride ourselves on ‘getting our clients’ and putting your interests first. Connect with us today at 705-445-7085 to find out how our top team of Realtors® can help!