If you're thinking about selling your home, now is the time to act! Cape Breton Island is experiencing an all-time low in housing inventory, and there's more demand now for homes than ever before.
For Example, this week, in areas like Sydney River & Coxheath, homes are lasting on average only a few days on the market, with some listings receiving multiple offers (8-10+).
*Statistics provided by MLS May 2023
Waiting until the summer months to list your home may sound like the best thing todo however, you could miss out on an incredible opportunity. The summer is the most popular time for people to list their homes, which means that there will be more competition for buyers' attention. This could make it harder for you to sell your home quickly and for the price you want.
"I would love to sell, but where would we go?"
This is a quote Realtors® around the island hear daily, selling your home quickly can be a great achievement, but it can also leave you without a place to live if you haven't planned ahead. Whether you're building, downsizing, upgrading, or relocating, it's important to consider your housing options before you sell your home. Here are some options to consider:
Rent a Condo or Home: Renting a condo or home can be a great option if you need a temporary place to live while you search for a new home. You can find a rental property that fits your needs and budget, and you won't have to worry about maintenance or repairs.
Long-term Airbnb: Airbnb rentals are a growing trend and offer a great alternative to traditional rentals. With a long-term Airbnb rental, you can stay in a fully furnished home or apartment for an extended period of time. This can be a great option if you're relocating to a new city and need time to get settled.
Buy Property and Build a New Home: If you're looking to build your dream home, selling your home quickly can be a great opportunity. You can use the equity from your sale to purchase a new property and begin building your new home. Contact a local new home construction contractor today to see your options.
Move in with Family or Friends: Moving in with family or friends can be a cost-effective way to save money while you search for a new home. This can be a good option if you have a strong support network and are comfortable with living with others for an extended period of time.
Long-term Duplexes: Duplexes are a popular option in the CBRM. They provide the benefits of a rental property while offering more space and privacy than an apartment. Duplexes can be a great option if you're looking for a longer-term rental option.
Selling your home quickly can be a great opportunity, but it's important to consider your housing options before you make the sale. There are plenty of options available to suit your needs and budget. Remember to plan ahead and work with a local Realtor® to ensure a smooth transition.
Thank you for taking the time to read my blog post. Feel free to reach me anytime.
My website keithbuckland.com
Email me at keithbuckland@remax.net
Call or Text Me! (902) 371-5931
I look forward to hearing from you!
This is not intended to interfere with any existing written Agency Agreement.
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