Reasons to Sell Your Vancouver Home

Are you looking to sell your Vancouver home? It may seem like a scary thought in today’s economic climate, but there are several reasons why selling your home may be a good idea. Of course, the main reason you would is to get the top-dollar cost for your home. With many people moving to Vancouver with new jobs, the demand for housing is going up, along with housing prices. Here are the top reasons why you should sell your Vancouver residential property:

Get Top-Dollar For Your Home

With the average cost of a home in Canada reaching over the $500,000 mark, homes in Vancouver are being sold for well over what they paid for them. There is a real opportunity for homeowners to get the highest amount of money for their homes. Some home prices in the United States may be stabilizing or even dropping, but Canada’s home market continues to grow. Get the most for your residential property today! Pro tip: sellers that list their home earlier in the year tend to see the most profits for their home!

Your Home Won’t Be On The Market For Long

With inventory for homes being where it is at, when you put your residential property on the market, don’t expect it to be there for too long. Buyers are still outnumbering the number of homes, so when a home goes up for sale, it tends to go fairly quickly. The market could be in for a shift soon, so now is the right time to sell your home while the buyers’ market is still hot!

Millennial Home-Buyers Are Flooding The Market

Most people tend to buy their first homes around the time they turn 30 years old. There is an entire generation of new residential property buyers in Vancouver that will be looking to purchase a new home. Vancouver is becoming a hot spot for the technology sector and younger homeowners, so with more people entering the market, the drive for housing is trending up. 

Mortgage Rates Still Low

While this may not exactly apply to sellers, mortgage rates in Canada remain low, which is great for home buyers. Some mortgage rates are as low as 2.59% for a 5-year mortgage. Low mortgage rates are yet another reason why home buyers can be looking at buying a home in Vancouver. Know what kind of mortgage rate you can get before putting your home on the market and look for a different home!

Conclusion

Now would be the best time for homeowners in Vancouver to sell their residential property. With the boom of industry and jobs coming into the area, more and more people are looking to move into Canada and buy a residential property in Vancouver. With the reasons listed above, it’s easy to see why it may be time to do your due diligence in selling your home. You can still get the most money for your home while not having to wait long for your home to be sold and many millennials are looking to get the best mortgage rates for their new Vancouver residence!