THE TOP 5 REASONS TO LIST YOUR COTTAGE FOR SALE EARLY IN 2022
REASON #1: Less Competition Understandably, the winter months are a slower time for new cottage listings. April through June normally sees a huge increase in the number of cottages that hit the market. Which means more choice for buyers and more competition for your property. The more properties to chose from, the less likely buyers are to compete for your property. Lower inventory also means a greater likelihood of multiple offers, resulting in a higher sale price, and a higher net return on your sale.
REASON #2: Only Serious, Motivated Buyers Look At This Time of Year Cottage buyers who are ready and willing to make a decision to buy a cottage don’t care if there’s snow on the ground or that it gets dark early. They have made the decision that this is the year they are going to buy the cottage that they have always dreamed of, and are ready to make a decision NOW!
REASON #3: Buyers Want To Acquire Their New Cottage Before Interest Rates Increase Increases in interest rates reduce the mortgage amount a family can afford, cutting them out of certain price ranges. Buyers look to maximize their purchasing power before interest rates increase.
REASON #4: Pent-up Market Demand Through all the challenging lockdowns and restrictions associated with COVID-19, cottage properties in Muskoka continue to show unprecedented growth in value. And while some people are choosing to ride out the pandemic in the hopes prices will subside, most qualified buyers are ready to access the market as soon as there are suitable properties to consider.
REASON #5: The Perfect Gift To Yourself – A New Cottage! You may be wanting to sell your current cottage in order to move to a larger cottage or try cottaging in a different area of Muskoka. By the time your seller competition decides to get on with listing their property for sale, you will have sold your current cottage at a great price, and be in a position to buy that new cottage. Why not treat yourself?
“Thank you for the memorable sales and closing experience of finding the cottage of our dreams. A perfect fit for our needs.”
I & E – Lake Muskoka cottage buyers
“Jim and Iris Gardiner were both amazing to deal with. A truly professional team. They shared a great deal of knowledge with us and really shed important light regarding potential Island Cottage ownership – all the pros and cons. Not only did they sell our existing cottage in 24 hours for much higher than our asking price they helped us find our new slice of paradise on Lake Muskoka in a very tight market. We are thrilled with our new cottage and love being on Eilean Gowan Island! We would highly recommend either Jim or Iris for any of your Real Estate needs!”
J & D – Sold on Echo Lake and bought on Lake Muskoka
Jim did me a favor 20 years ago and I wanted to return the favor – I approached him and Iris at the cottage show and, even though I already had a real estate agent, he recommended a cottage property that I purchased and enjoyed for those 20 years. I therefore, tracked him down and had him be our agent in selling that property. Our priority was to find new owners that would be friendly and fit in well with the neighbors and Jim and Iris found the perfect couple Jim and Iris made the entire sale most enjoyable. The experience was so smooth and enjoyable that the sellers, the buyers and the real estate agents all got together for supper the following summer at our old cottage!
K & L – Lake Muskoka
It is with great pleasure and appreciation for me to recommend the services of Jim Gardiner and the entire Gardiner Team. Jim’s awareness of community by-laws and market related activities extracted incremental value for us when we were finalizing the purchasing agreement.
JB – Mirror Lake
Just want to tell you that you did a fine job for me on the cottage sale on Lake Muskoka. The sale has removed a huge load from my shoulders. Iris, just a note to thank you again. Money is in the bank!!!!!!
Lesley-Anne Goodfellow