Home Selling In Toronto
Franca Capano, Rick McGuigan & Robert Holbrook -
HomeLife/Cimerman Real Estate Ltd., Brokerage -
© 2002 -
OTHER WEBSITES WE OPERATE:
House Hunting In Toronto: The home buyers guide to Toronto real estate.
Condo’s and Lofts In Toronto: Welcome to Toronto condo living.
Luxury Homes In Toronto: Discover a world of exceptional real estate opportunities.
Home Buyers Online Seminar: Always available, 24 hours per day, seven days per week.
Planning
Preparing
When Is The Best Time To Sell Your Home?
Right now, interest rates are at their lowest in decades. This has lead to unprecedented opportunities for those wishing to buy. Often, mortgage payments will be less than rent on an apartment or townhouse. Therefore, a large number of consumers are considering ownership, many for the first time. For sellers, this holds the potential for a huge boom.
In real estate, timing is not everything but it does influence your home’s selling price.
When there are lots of people looking for homes but not many for sale, this is called
a ‘seller’s market’, because the seller has something everybody wants. In a seller’s
market, top price and a fast sale can go hand-
When there are more homes for sale and not many people buying them, this is called a “buyer’s market” because buyers have more power of choice. In a buyer’s market, more sellers are competing for your potential buyer. If you have to sell quickly, you may wish to lower your asking price a bit to speed up the sale.
If you are also buying a home, you do not really have to worry about playing the market. If you sell your existing home for a ‘low’ price, you are probably also buying at a low price. If you are upgrading to a larger home, this actually works to your advantage. Imagine when your bigger home is on the upswing. If you are downsizing from a bigger home to a smaller home or a condo, you need to pay a bit more attention to the market.
Seasonality
"Seasonality" is a term that REALTORS® use to gauge when home sales are expected to climb. Although this is only one factor to be considered when selling, in Ontario, springtime tends to be a time of higher activity. Buyers with children especially prefer to start house hunting in the spring in order to settle in a new home before school begins in the fall.
Take Your Time And Think Things Over
Do not rush into anything. Making an impulsive decision when caught up “in the moment” could be difficult to correct later. Remember, there is a lot at stake. Choosing the right REALTOR® can save you time, effort and aggravation in selling your home quickly for the best possible price. The best REALTOR® is the one who will do the most effective job of marketing your property, negotiating the most favourable terms and conditions, and communicating with you to make the process as smooth as possible.
A well-
When getting your home ready to sell, you need to look at your house in a new way. Stop thinking about your property as “your home”, but instead start thinking of it as “a house” about to go on the market where it is competing with other properties for sale, including brand new housing. Forget your emotional attachments, your fond memories and your own likings, but try to look at your house through the eyes of prospective home buyers. This may sound easy to do, but in reality it is most often not. As your REALTOR® we are able to offer you help. Since real estate is our business, and looking at homes for sale is a daily routine to us, we can identify elements that turn off potential buyers, as well as present you with recommendations to improve your chances for a good and quick sale.
Home Staging
The goal of staging is to make a home appealing to the highest number of potential buyers, thereby selling a property more swiftly and for more money. Staging techniques focus on improving a property's appeal by transforming it into a welcoming, attractive product that anyone might want.
Click here for all the little things you can do to attract the big offers.
Also In This Section
Research states that home staging can reduce a listing's time on the market by one
third to half, and could fetch as much as 10%-
